Bitcoin Surpasses Alphabet, Becomes 5th Largest Asset Globally

Bitcoin has achieved a significant milestone by becoming the world’s fifth-largest asset by market capitalization. The apex cryptocurrency has surpassed Alphabet Inc., the parent company of Google. At the time of writing, Bitcoin trades at $93,678, representing a 6.24% surge over the past 24 hours.

BTC Overtakes Alphabet in Market Cap

As of Tuesday, April 23, 2025, Bitcoin’s market cap stands at approximately $1.86 trillion, according to data from CompaniesMarketCap. This meteoric rise has enabled the asset to enter the ranking as the fifth-largest entity by market cap globally. Alphabet, the asset closely trailing Bitcoin, currently has a market capitalization of around $1.85 trillion. 

With this impressive surge in value, Bitcoin surpasses silver and other popular companies, such as Visa and Tesla. Others include MasterCard, JPMorgan Chase, Samsung, and Toyota. Despite this achievement, Bitcoin still trails behind the top four assets: Gold, Apple, Microsoft, and NVIDIA. Gold remains the largest asset by market cap, valued at over $22 trillion.

Bitcoin’s recent milestone comes on the back of a substantial price rally, as the asset has surged by over 11.42% in the past seven days. The latest jump is being attributed to a combination of growing institutional interest, sustained inflows into spot ETFs, and improving global macroeconomic sentiment.

Improved Market Sentiment

The cryptocurrency market has experienced volatility, along with broader financial markets, since US President Donald Trump imposed tariffs in early February. However, Trump’s recent comments have traders speculating that he’s softening his stance on the trade war. Notably, some see this as bullish for markets.

On Tuesday, U.S. spot bitcoin exchange-traded funds posted inflows of $936 million, their largest single-day net inflow since January 17. Additionally, several institutions, led by Strategy, continue to increase their Bitcoin portfolios. Analysts shared that these developments reflect growing conviction in the cryptocurrency as a hedge against ongoing geopolitical and macroeconomic tension.

Market experts also highlighted that a weakening U.S. dollar and persistent concerns about inflation further boosted Bitcoin’s appeal. Anticipation of renewed Federal Reserve quantitative easing also contributed to its expectation. Overall, Bitcoin’s recent milestone underscores its transition from a speculative digital currency to a recognized store of value and investment vehicle.

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