Key Points
- Bitcoin’s market cap has surpassed $2 trillion, making it more valuable than Google and Meta.
- Bitcoin’s growth is attributed to U.S. spot BTC ETF inflows, according to CryptoQuant.
Bitcoin, also known as BTC, has seen a significant surge in value, crossing the $100K mark and reclaiming a $2 trillion market cap. This has made it more valuable than tech giants such as Meta and Google.
Bitcoin’s Market Position
The digital asset first reached this milestone last year, but faced a contraction in Q1 2025, bringing its market size down to nearly $1.5 trillion. However, the recent China-U.S. trade deal has sparked a renewed risk-on sentiment, allowing BTC to reclaim the $2 trillion market cap. This makes it the 6th most valuable commodity globally.
At the moment, BTC is trading at $102K, with a market cap of $2.046 trillion. Only seven assets globally have a market size exceeding two trillion, with Google ranking seventh and Amazon in the top five with $2.182 trillion. If the market sizes of the top five remain constant, BTC would need to reach $110K to surpass Amazon as the fifth-largest asset.
Driving Factors Behind Bitcoin’s Growth
CryptoQuant attributes the explosive growth of BTC to the inflows of the U.S. spot BTC ETF. Between the April lows and the current level of over $100K, the realized cap has increased from $869 billion to $906 billion. This means that over $36 billion in new capital has flowed into the market in the past six weeks.
CryptoQuant suggests that if the trend of increasing realized capitalization continues, it is highly likely that Bitcoin will surpass its all-time high in the near future. If this projection holds true, BTC could potentially knock out Amazon from the top five global asset position.
