Bitcoin's price surpasses $94,000 with a 6% surge in 24 hours, elevating its market cap to $1.87 trillion and securing the fifth spot among valuable assets globally.
After weeks of stagnation, Bitcoin (BTC) price has surged over 6% in the past 24 hours, crossing the $94,000 mark to reach $94,250. Concurrently, Bitcoin’s market cap has increased to $1.87 trillion. This significant growth has propelled Bitcoin’s market cap beyond Alphabet’s (Google’s parent company) and into the fifth position among the world’s top assets. Market experts attribute this growth to key factors such as institutional investors entering the market, increased retail user participation, and hopes for supportive policies and transparent regulations.
