Bitcoin Surges to Record High: Becomes Fifth Largest Global Asset
In a historic milestone, Bitcoin (BTC) has surpassed Google’s market capitalization to become the fifth-largest asset globally, reaching an unprecedented $1.86 trillion valuation and breaking through the $94,000 price barrier. This achievement marks Bitcoin’s highest ranking to date, fueled by renewed Optimism in the market as tensions in the U.S.–China tariff trade war show signs of easing. The cryptocurrency’s remarkable ascent is further supported by technical indicators, which highlight its breakout above key resistance levels. As of April 23, 2025, Bitcoin continues to solidify its position as a dominant force in the global financial landscape, attracting both institutional and retail investors alike.
Bitcoin Becomes Fifth Largest Global Asset, Surpasses Google’s Market Cap
Bitcoin (BTC) has surpassed Google (GOOG) to become the fifth-largest asset by market capitalization, reaching $1.86 trillion and breaking through $94,000. This marks the highest position Bitcoin has ever attained in the rankings. Renewed optimism is emerging amid easing tensions in the U.S.–China tariff trade war, which has fueled gains for both Bitcoin and tech stocks. Technical analysis shows Bitcoin has moved above key resistance levels and set a new record relative to the Nasdaq.
BTC Price Prediction: Could Reach $138,555 by 2025
According to 21Shares’ latest analysis, the price of Bitcoin could hit $138,555 by the end of 2025 due to macroeconomic uncertainty and on-chain momentum. The current market cycle resembles 2021, with Bitcoin showing resilience rather than panic. BTC holders are earning stable returns by joining platforms like SAVVY MINING. Market crashes like the collapse of Silicon Valley Bank no longer trigger panic selling.
Bitcoin Surges to $93,900, Taking Reins from Gold as Trump Deescalates Tariffs War
Bitcoin experienced a spectacular $6,000 surge on Tuesday, pushing its price nearly to $94,000. The rally came as President Trump announced substantial reductions in tariffs with China, helping to allay market fears. Stock markets joined in the rally, while gold fell 3.9% from its $3,500 top. Is Bitcoin poised to take over gold as the preferred safe-haven asset?
Bitcoin Hits $94k as Trump States No Intention to Fire Powell
Bitcoin reached $94,205 Tuesday, capping an 11.8% gain over six days. The surge coincided with a broad asset rally following softened White House language on Federal Reserve policy and U.S.-China trade tariffs. President Trump stated he had no intention of dismissing Fed Chair Jerome Powell, despite his desire for more aggressive interest rate reductions. Secretary Scott Bessent also signaled potential easing in tariff barriers with China.
Bitcoin Futures See Largest Liquidity Increase in a Year
Bitcoin futures witnessed a significant liquidity surge, with $5.34 billion in positions opened in the past three days. CryptoQuant analyst Axel Adler Jr. noted that traders have opened 57,000 BTC positions, which is the largest increase in liquidity in the past year. Data from CoinGlass showed that long positions on Bitcoin increased by 33.71% in the past 24 hours, reaching a volume of $74.4 billion, while short positions decreased by 27.5% with a volume of $68.2 billion. This occurred around the time BTC surpassed the $93,000 threshold.
Grayscale Accelerates ETF Expansion Amid Crypto ETF Market Competition
Grayscale, a leading crypto asset management firm, plans to expand its ETF lineup with increased monthly launches. The move comes as the company seeks new growth avenues after losing its fee advantage with the approval of spot Bitcoin (BTC) ETFs by the U.S. Securities and Exchange Commission. CEO Peter Mintzberg revealed that the company has upped its monthly launches from one product in 2024 to five per month in 2025. The expansion aims to maintain Grayscale’s competitive edge against giants like BlackRock and Fidelity, who have introduced low-cost offerings.
