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Bitcoin Surges to $94,000, Becomes Fifth-Largest Global Asset

Institutional inflows, corporate buying, and regulatory shifts propel Bitcoin's price and market cap to new heights.

CDCROP: Gold bars stacked close up (Unsplash)
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Chart pointing upwards.(Frank Busch/Unsplash)
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Overview

  • Bitcoin is trading at approximately $93,000–$94,000, nearing its all-time high of $109,000 from January 2025.
  • The cryptocurrency has surpassed Google to become the fifth-largest global asset by market capitalization, valued at $1.86 trillion.
  • U.S. spot Bitcoin ETFs recorded a single-day inflow of $913 million, reflecting renewed institutional interest.
  • Pro-crypto SEC Chair Paul Atkins' recent appointment has bolstered market optimism, alongside easing U.S.–China trade tensions.
  • Tether, Bitfinex, and SoftBank have committed $3 billion to a new corporate Bitcoin buying initiative, further solidifying its adoption.