Bitcoin Soars To New ATH Above $111K, Flips Amazon And Google As BlackRock ETF Inflows Soar
Bitcoin has soared to a new all-time high (ATH), vaulting past tech giants Google and Amazon in market cap amid surging institutional demand, led by BlackRock’s Bitcoin ETF. BTC soared to a record peak of $111,861.22, but has since retraced to trade at $110,732.10 as of 10:41 a.m. EST. The recent surge in the BTC price not only saw the total crypto market capitalization rise over 4% to above $3.5 trillion, it also saw Bitcoin’s total valuation surpass that of Amazon and Google. Bitcoin’s current market cap stands at over $2.2 trillion, taking it ahead of Google’s $2.05 trillion and Amazon’s $2.13 trillion, according to Companiesmarketcap. BlackRock Bitcoin ETF Posts Highest Inflows In 2 Weeks Bitcoin’s new ATH came as spot Bitcoin ETFs (exchange-traded funds) recorded $607.1 million in net daily inflows on May 21, data from Farside Investors shows. BlackRock’s Bitcoin ETF, which is the leader in terms of cumulative ...