Bitcoin Becomes a Global Asset, Market Cap Now Larger than Saudi Aramco

Bitcoin has entered an explosive bullish rally, breaking all-time highs seven times over the past eight days. This sustained surge has set new price records

Bitcoin’s (BTC) sustained rally has pushed its market cap past $1.809 trillion, ranking it 7th among global assets and setting the stage for further growth.

Bitcoin’s market cap has crossed a new threshold, reaching $1.809 trillion according to Companies Market Cap. This latest data point highlights Bitcoin’s remarkable growth, now surpassing the valuation of oil giant Saudi Aramco ($1.79 trillion) and emerging as the 7th largest asset worldwide.

This milestone follows a sustained bullish rally that saw BTC reach new all-time highs seven times in the past eight days. The cryptocurrency is now up more than 15% since the US election.

Bitcoin’s驚人的飙升至第八次新高，现在距离成为全球市值第七大资产只有一步之遥。

Bitcoin’s market cap now ranks among some of the world’s most valuable companies and assets, including Apple, Microsoft, Alphabet, Amazon, Tesla, Meta, and silver.

Bitcoin’s驚人的飙升至第八次新高，现在距离成为全球市值第七大资产只有一步之遥。

As Bitcoin continues to gain traction as a reserve asset and a tool for global trade, it could ascend further in the asset rankings. While overtaking gold (currently valued at $13 trillion) may seem like a distant challenge, a rise in global adoption could pave the way for BTC to reach the top.

Bitcoin’s驚人的飙升至第八次新高，现在距离成为全球市值第七大资产只有一步之遥。

Bitcoin price remains bullish despite setting a new record high

Bitcoin price is currently trading at $90,700, having reached a new all-time high of $93,483 yesterday. This sustained rally has seen BTC rise more than 15% since the US election, showing no immediate signs of slowing down.

A strong buying presence has fueled this impressive rally, marking over eight consecutive days of price increases. However, given the rapid ascent, there is a growing possibility of a correction or consolidation below the $93,000 level.

Some analysts anticipate a pullback to find support around $85,000, allowing the market to establish a new equilibrium before continuing higher. Despite this possibility, Bitcoin’s price action remains bullish, with no signs of weakness on the chart.

The general sentiment is that the current surge is only the beginning of a larger upward trend. As BTC trades near its record highs, the next few days will be crucial to determine whether a brief consolidation occurs or if the bullish momentum continues unabated. While short-term pullbacks are possible, Bitcoin’s overall trajectory remains strong, and its long-term outlook favors further price appreciation.