What to know:
- Bitcoin (BTC) just rocketed to a new record high of $109,400 on Wednesday, presumably after a pep talk from Marvin the Paranoid Android.
- It’s now the fifth largest asset in the universe (well, the financial one), with a $2.16 trillion market cap, nudging Amazon (AMZN) and its $2.15 trillion into sixth place. Sorry, Alexa, maybe next time.
- After its cosmic leap, Bitcoin decided to take a breather and is now lounging at $108,954. Even digital coins need a nap.
Bitcoin has officially become the galaxy’s fifth-largest asset after achieving an all-time high on Wednesday, which catapulted its market cap to $2.16 trillion—roughly the amount you’d need to buy a decent cup of tea at the Restaurant at the End of the Universe.
Despite a brief existential crisis and a slight dip after hitting $109,400, Bitcoin’s market cap still managed to outpace Amazon (AMZN), which is now left clutching its $2.15 trillion and wondering where it all went wrong.
Year-to-date, Bitcoin is up 16.44%, while Amazon shares are down about 8%. Bitcoin currently trades at $108,954, or approximately 42 towels per coin.
Gold remains the universe’s heavyweight champion with a $22 trillion market cap, followed by Microsoft (MSFT), NVIDIA (NVDA), and Apple (AAPL), each somewhere between $3.1 trillion and $3.4 trillion—give or take a few Vogon poetry books.
Meanwhile, thanks to Bitcoin’s meteoric rise since the election of U.S. President Donald Trump (yes, that happened again), BlackRock’s iShares Bitcoin Trust (IBIT) has become the fifth-largest ETF by inflows this year, attracting roughly $9 billion from investors who presumably misplaced their Hitchhiker’s Guide and invested instead, according to Bloomberg’s senior ETF analyst Eric Balchunas.
So if you’re keeping score at home: towels, check; Bitcoin, check; Amazon, better luck next time. 🚀💸
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2025-05-21 19:52