Bitcoin beats Amazon in market value; becomes world’s 6th most valuable asset

Bitcoin has achieved a significant milestone by overtaking Amazon to become the sixth-largest asset globally by market capitalisation. Data from reveals Bitcoin's market value has reached $1.857 trillion, exceeding Amazon's $1.837 trillion. The cryptocurrency has seen a remarkable rally in the past few days. Bitcoin experienced a 6.24% increase within 24 hours, reaching $93,546 - levels seen during previous bull market peaks. This upward movement reflects increased institutional participation, continued spot ETF inflows, and positive global economic indicators, according to an ET report. Amazon's shares recorded a 3.5% increase on Wednesday, closing at $173.18. Despite this gain, the company's stock has experienced a decline exceeding 21% since the year began and showed negative returns of 3.5% over the previous 12 months. In comparison, Bitcoin demonstrated superior performance with gains surpassing 40% during the same timeframe.