Bitcoin, 'Trump aftermath', asset rankings are neck and neck with Google, silver, and Amazon

BTC Rises to 5th Place in Global Asset Rankings on 24th

Following recent statements by US President Trump, the US stock market and Bitcoin (BTC) have shown divergent paths, with global asset rankings changing dramatically day by day.

Bitcoin rose to 5th place in global asset rankings on the 24th. This rise to 5th place was due to the stock price decline of US big tech companies in the wake of President Trump's trade war.

Bitcoin's price produced a 'decoupling' phenomenon with the US stock market this week, surging alongside gold. Consequently, with its market capitalization rapidly increasing, Bitcoin overtook Amazon and Google to claim the 5th spot.

In fact, Bitcoin broke through $94,000 since its surge starting on the 21st, recording a market capitalization of approximately $1.087 trillion (about 1,558.3232 trillion Korean won) on the 24th. This figure surpasses the market capitalizations of Google, Silver, and Amazon, which were approximately $1.0859 trillion, $1.0848 trillion, and $1.0837 trillion respectively on the same day.

Bitcoin's market capitalization, which slightly slowed down from the afternoon of the 24th, recorded $1.086 trillion (about 1,556.5638 trillion Korean won) on the 25th, dropping back to 8th place.

Reporter Seung-won Kwon ksw@blockstreet.co.kr