- Bitcoin’s market cap hits $1.86 trillion, overtaking Google.
- Price surges to $94,000, driven by $936M in ETF investments.
- Global M2 money supply at record high fuels Bitcoin growth.
The Bitcoin market value today surpasses Google’s to become the fifth largest asset presently existing in the world.When Bitcoin’s price reached $94,000 on April 23, 2025, its market value reached $1.86 trillion.
As digital assets, Bitcoin will be one of the top priorities of the incoming chair of the Securities and Exchange Commission (SEC).
Global liquidity trends have been playing this rally. Since worldwide money supply has never been higher, investor confidence in bitcoin is only increasing.
Bitcoin’s Market Cap Soars Amid ETF Investments
Bitcoin’s price, meanwhile, broke through $94,000, making it the fifth largest asset. This milestone has been achieved after huge investments in Bitcoin (BTC) exchange traded funds (ETFs), investing $936 million in just one day.
Now the cryptocurrency is valued at a market cap of $1.86 trillion, and it now exceeds Google.
Earlier this year, spot Bitcoin ETFs were approved, allowing traditional investors access to the asset this year. That price surge has drawn interest from large institutions in these ETFs.
According to CoinDesk data, Bitcoin’s last market cap peak of $2 trillion came when the price of the original digital asset surpassed $109,000. At that time, however, tech stock valuations were higher, so asset rankings were affected.
This comes in line with the general better market sentiment. Nasdaq futures rose 2% as cryptocurrency and tech stocks surged as the easing of U.S. China tariff tensions boosted both.
Global Liquidity and Regulatory Focus Drive Growth
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These conditions are favorable for Bitcoin’s growth, as the global money supply measured by M2 has never been higher. Bull markets for bitcoin typically emerge when there is an increase in the value of the global liquidity.
In addition, Bitcoin Magazine has recently reported an 84 percent correlation between Bitcoin’s price and M2 money supply. This trend would see Bitcoin reach $108,000 by June 2025 if the liquidity expands.
The Federal Reserve has said it will be giving monetary stimulus if the markets weaken. Moreover, such measures can assist in the upward push of Bitcoin.
On the regulatory side, the new SEC chair, sworn in on April 22, 2025, has prioritized the creation of a strong foundation for digital assets. This will bring clarity and stability for the cryptocurrency market.
For its part, Arkham also reported that the Bitcoin holdings of Satoshi Nakamoto have also hit the headlines, worth more than $100 billion.
Its capacity to breach resistance levels helps to further support Bitcoin’s positive view. Regardless of this, institutional and ordinary investors are being drawn to cryptos.
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