btcvsmarkets

BTC Hits $1.86 Trillion, Breaks $94K Amid Tech Rally and Easing Trade TensionsBitcoin (BTC) has officially become the fifth-largest asset in the world by market capitalization, surpassing Google (GOOG) after climbing to a market cap of $1.86 trillion. The milestone comes as Bitcoin breaks above $94,000, driven by a combination of macro optimism, strong technical momentum, and a broader rally in tech assets.This is Bitcoin’s highest-ever position in global asset rankings, overtaking one of the world’s most valuable tech giants despite previously reaching a higher market cap above $2 trillion in late 2024. At that time, valuations for large-cap tech stocks were significantly more elevated than they are today, making the current ranking even more significant.Bitcoin Outpaces Tech as Tariff Relief Fuels RallyBitcoin’s breakout past $94,000 reflects renewed market confidence following easing tensions in the U.S.–China trade standoff. On April 22, U.S. President Donald Trump signaled that import tariffs on Chinese goods would “come down substantially,” prompting a broad risk-on rally across global markets.Nasdaq futures rose 2% on the news, but Bitcoin outperformed, not only breaking resistance but also establishing new highs relative to the Nasdaq index, a key benchmark for high-growth tech assets.Technical Breakout Confirms Macro RepricingFrom a technical standpoint, Bitcoin has now cleared multiple key resistance levels, confirming its breakout across both absolute and relative metrics. Market analysts note that BTC’s strong performance against the Nasdaq signals a broader repricing of Bitcoin as a macro asset, rather than just a risk-on technology trade.“Bitcoin is not just keeping up with tech — it’s breaking out against it,” noted a market strategist on X. “This shift in market cap rankings shows a redefinition of what top-tier global assets look like.”Bitcoin's Market Cap Rankings — April 23, 2025As of today, Bitcoin ranks #5 among global assets, ahead of Google and closing in on the next tier:Gold – $14.4 trillionApple – $2.85 trillionMicrosoft – $2.75 trillionSaudi Aramco – $2.07 trillionBitcoin – $1.86 trillionGoogle (Alphabet) – $1.84 trillionBitcoin as a Macro BenchmarkAnalysts suggest that Bitcoin’s ascension in the global asset rankings reflects its growing role as a hedge, not just against inflation, but against geopolitical and monetary instability. With renewed institutional interest and ETF inflows accelerating, Bitcoin is increasingly viewed as a macroeconomic benchmark, not just a crypto asset.“Bitcoin's rise past Google marks more than a symbolic moment,” said a strategist at 10x Research. “It highlights a shift in how capital allocators are thinking about long-term stores of value.”

CryptoMarketCapBackTo$3T Major cryptocurrencies fell up to 5% as traders took profits, with dogecoin leading the losses.
Bitcoin maintained its position around $93,000, while other major tokens like XRP, SOL, BNB, and DOGE saw declines over 2%.
Spot bitcoin ETFs in the U.S. attracted over $916 million in inflows, driven by Bitcoin's growing appeal as a safe haven amid market volatility.
Major tokens fell as much as 5% on Thursday as traders took profits on a steady move higher from earlier this week, with memecoin dogecoin (DOGE) leading losses among the largest assets.

Bitcoin (BTC) clung to the $93,000 zone in the past 24 hours, but XRP, Solana’s SOL, BNB Chain’s BNB and DOGE showed losses above 2%. Ether (ETH) fared relatively better with a 1.5% slump.

Overall market cap decreased 2.5%. The broad-based CoinDesk 20, a liquid index tracking the largest tokens by market cap, fell over 3%.

Spot bitcoin exchange-traded funds (ETFs) in the U.S. bagged over $916 million in inflows on Wednesday. Some traders point to the asset’s growing safe haven as a catalyst underpinning this surge in flows.

“The inflows are driven by a declining U.S. dollar index, and Bitcoin’s growing safe-haven appeal amid equity market volatility,” Vugar Usi Zade, COO at Bitget, told CoinDesk in an email. “The massive ETF inflows reflect Bitcoin’s strengthening position as a leading crypto asset, with growing institutional adoption.

“Its reduced correlation with equities and safe-haven narrative position it as a diversification tool, though short-term challenges like weak investment signals require sustained macro catalysts,”

Bitcoin’s safe-haven narrative has been growing in the past week on its relevant resilience, mirroring gold’s price rise, even as bond yields and U.S. equities corrected amid the ongoing tariff wars.

Earlier this week, President Donald Trump said he had no intention to fire Federal Reserve Chair Powell and that a deal with China (which is facing tariffs as high as 245% on some items) would significantly reduce some of its levies.

The mixed signals and frequent tone shift are jading traders, however, who continue to monitor comments for further cues on positioning.

“Macro risks remain, but one critical overhang appears to be cleared. Trump is signaling no intention to replace Fed Chair Powell for now. The reassurance has prompted a modest pullback in long-end yields, helping reduce a key tail risk,” Singapore-based QCP Capital said in a broadcast message Thursday.

“The broader outlook, however, is anything but simple. Trade frictions, geopolitical jitters, and regulatory opacity continue to cast long shadows,” the firm added.#BTCvsMarkets

A Georgia senator has sparked controversy by labeling a recent TRUMP memecoin investor dinner an "impeachable offense."
The senator alleges that the current U.S. president is trading access for personal gain, raising concerns about potential corruption and abuse of power.
Critics argue that this incident highlights the blurred lines between politics and finance, undermining public trust in government.
The senator's comments have ignited a heated debate about accountability and the limits of presidential power.
As the situation unfolds, many are watching closely to see how this controversy will impact the president's agenda and the broader political landscape.
The implications of these allegations could be far-reaching, potentially affecting the president's reputation and policy initiatives..

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