Basically, Bitcoin hit a new high and now has the same market value as Amazon, actually surpassing it.
Bitcoin reached a significant milestone today by crossing the $125,000 mark, which further establishes its strong position in the cryptocurrency market itself. Basically, the digital asset’s market value has now crossed Amazon’s value, showing the same growing investor trust during America’s economic uncertainty.
As per market data, Bitcoin reached a new record high of $125,245.57 (around ₹1.11 crore) early Sunday morning. This broke the previous high of $124,480 that was set in mid-August regarding cryptocurrency prices. The crypto market shows steady growth, which further indicates a strong recovery phase itself.
Also, as per market observations, cryptocurrencies have shown steady growth regarding the past eight days. We are seeing the recent rise happening only because of good progress in U.S. markets. Stock markets saw increased inflows into Bitcoin ETFs and further decline in the U.S. market itself. As per market trends, the dollar’s worth regarding other important world currencies shows regular changes. The dollar value moves up and down as per global economic conditions regarding major currency pairs. Moreover, the unclear situation about a possible U.S. action is actually creating worry in markets. People are definitely concerned about what might happen next. Government shutdown and delays in important economic data like job reports are making investors move to alternative assets like Bitcoin only. We are seeing this trend as people look for other investment options during uncertain times.
Bitcoin has surely overtaken Amazon in market valuation, marking a significant milestone in cryptocurrency adoption. Moreover, this development reflects the growing institutional acceptance of digital assets in global financial markets.
As per recent market data, Bitcoin’s value has crossed $2.4 trillion and has now overtaken Amazon’s $2.37 trillion valuation. Regarding market position, Bitcoin has officially become bigger than the e-commerce giant. We are seeing Bitcoin become the seventh most valuable asset in the world only, which shows that more people are accepting it as a normal investment option.
As per market trends, stocks showed steady gains throughout the week. Regarding overall performance, prices moved upward consistently during this period.
Basically, Bitcoin has been going up continuously for seven days, giving investors nearly 15% returns in the same week. Bitcoin actually went up by more than 2% in just one day. The price in India is definitely around ₹1,10,40,727 right now, which is 1.6% higher than yesterday.
October actually shows strong Bitcoin performance in past years. This month definitely brings good returns for Bitcoin investors traditionally.
Moreover, we are seeing that October has only been a good month for Bitcoin in the past. Basically, the cryptocurrency price went up in nine out of the last ten years during the same period. Bitcoin’s value has surely increased by more than 30% this year due to the current rally. Moreover, this growth is supported by greater institutional adoption and increasing acceptance of digital currencies in global financial markets.
