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#BTC Market Cap Tops Amazon#
Bitcoin's market value has surpassed that of Amazon, one of the tech giants.
This development is a sign that the cryptocurrency market has now become a serious financial power on a global scale, not just an alternative investment vehicle.
Highlights
• The BTC price reached 118,566 dollars.
• The total market capitalization surpassed 2.33 trillion dollars, exceeding Amazon's market value of 1.97 trillion dollars.
Investor interest is particularly increasing on the institutional side.
Market commentary
This threshold proves that crypto assets have reached a comparable size to traditional market giants. However, price volatility does not let us forget that BTC is still a risky investment.
This development could be an important turning point in the acceptance of digital assets for long-term investors.