Bitcoin tops Amazon market cap on ‘Pizza Day’ as price sets new highs
Bitcoin's market cap has exceeded that of Amazon, reaching $2.205 trillion compared to Amazon's $2.135 trillion on Bitcoin Pizza Day. This milestone has garnered increased attention from non-crypto audiences. Bitcoin is trading above $110,000, with expectations of attracting new institutional investors, particularly after BlackRock became the second-largest Bitcoin holder. The total cryptocurrency market cap is $3.49 trillion, still below its all-time high of $3.71 trillion from late 2024. Bitcoin ETFs experienced nearly $604 million in net inflows, indicating growing institutional confidence. Analysts predict Bitcoin could reach $150,000 to $200,000 this year. May 22 marks the anniversary of the first documented Bitcoin purchase, highlighting its evolution from a speculative asset to a significant asset class, now ranking as the fifth-largest globally.
