Bitcoin (BTC) has become the fifth-largest asset by market capitalization, reaching $1.86 trillion and surpassing Google (GOOG) as it breaks through $94,000.
This marks the highest position bitcoin has ever attained in the rankings, even though its market cap previously exceeded $2 trillion when its price was over $109,000. At that time, however, tech stocks were significantly more elevated than they are at the moment.
Bitcoin has just broken above $94,000, turning positive for the year. Renewed optimism is emerging amid easing tensions in the U.S.–China tariff trade war, which has fueled gains for both bitcoin and tech stocks, with Nasdaq futures rising 2%.
Technically, bitcoin has now moved above key resistance levels that were noted on Tuesday. Additionally, it has set a new record relative to the Nasdaq, indicating a breakout not only against major tech indices but also across a range of key asset classes.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Your day-ahead look for July 8, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin miners have spent the last year trying to answer a tough question: what else…
Hedge funds have turned the most bearish on the yen since 2007, boosting bets on…
Major cryptocurrencies are trading in the red as renewed U.S.-Iran airstrikes push oil higher.Read MoreCoinDesk:…
Bitcoin Magazine Polymarket Turns On Instant Bitcoin Deposits Via Lightning Network, Powered by Spark Polymarket,…
Bitcoin Magazine New Hampshire’s $100 Million Bitcoin-Backed Bond Faces Final Vote New Hampshire’s plan to…