Bitcoin’s Meteoric Rise: Surpassing Silver and Amazon, Eyeing $95,000
Bitcoin has achieved a monumental milestone by surpassing silver and Amazon to become the world’s sixth most valuable asset. With its price soaring to $94,311 and a market capitalization of $1.846 trillion, the cryptocurrency is now setting its sights on overtaking Alphabet, Google’s parent company. This remarkable rally highlights Bitcoin’s unstoppable ascent, driven by institutional investors and favorable macroeconomic trends. As of April 23, 2025, Bitcoin’s journey toward mainstream adoption continues to captivate the financial world.
Bitcoin Surges Past Silver and Amazon, Eyes $95,000
Bitcoin has eclipsed silver and Amazon to claim the title of the world’s sixth most valuable asset, its price soaring to $94,311—a 6.63% gain in just 24 hours. With a market capitalization now standing at $1.846 trillion, the cryptocurrency is within striking distance of overtaking Alphabet, Google’s parent company. The rally underscores Bitcoin’s relentless ascent as institutional investors and macroeconomic trends fuel its march toward mainstream acceptance. Market watchers are now eyeing the next milestone: a challenge to tech giants dominating the top ranks of global valuations.
Bitcoin Dominance Reaches Highest Level Since 2021
Bitcoin’s dominance, a metric tracking its share of the total cryptocurrency market capitalization, has surged past 64%, cementing its position as the unrivaled leader in the digital asset space. This milestone means Bitcoin now commands nearly two-thirds of the entire crypto market, a level that has historically signaled pivotal shifts in investor sentiment. Market watchers are now eyeing the 66% threshold—a breach that could spell further pain for altcoins before any sustained rally begins. The pattern is familiar: when Bitcoin flexes its muscle, smaller tokens often buckle. Yet history also suggests that after such dominance peaks, capital eventually rotates back to altcoins in what traders dub ’altseason.’ For now, the king reigns supreme.
Bitcoin Sparks Short Liquidation Cascade, Price Surges Past $94K
Bitcoin briefly surpassed $94,000 early Tuesday morning, triggering a massive unwinding of short positions worth over $300 million. This event marked the largest short liquidation since October 2022 and accelerated Bitcoin’s upward momentum. At the time of publication, Bitcoin’s price had retreated slightly to $93,681, up 5.7% on the day. The Bitcoin Fear and Greed Index also saw a significant increase, revving from 29 to 72 in just a week. Total crypto market liquidations reached approximately $650 million.
Bitcoin Jumps as Trade Tensions Ease
Bitcoin is climbing due to the easing of trade tensions between the US and China. President Trump hinted that tariffs on Chinese goods might drop substantially, sparking hope for improved trade flows and economic stability. This has increased risk appetite, leading traders to pile into Bitcoin, pushing the crypto higher.
Bitcoin ETFs Witness Largest Single-Day Inflow Since Trump’s Return
Spot Bitcoin exchange-traded funds (ETFs) in the US saw a record $912.7 million in net inflows on April 22, the largest since President Donald Trump returned to office. ARK 21Shares Bitcoin ETF (ARKB) led with $267 million, followed by Fidelity’s FBTC with $253 million, and BlackRock’s iShares Bitcoin Trust (IBIT) added $193 million. IBIT also experienced intense trading activity with over $4 billion in volume.
Arthur Hayes Predicts Bitcoin Price Rally to $200,000
On April 21, 2025, Bitcoin climbed to $88,524 despite a dip to $74,500. Former BitMEX CEO Arthur Hayes attributes this momentum to U.S. Treasury and Federal Reserve policies, particularly the shift in Treasury bill issuance strategy by Janet Yellen, which pulls liquidity into broader markets. Hayes predicts Bitcoin could reach $110,000 and even $200,000.
