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International Business Times

Business

Marvie Basilan

Bitcoin Tops $107,000, Inching Closer To Google, Amazon In Market Cap Ranks

Bitcoin Amazon Google Alphabet CoinGecko Farside Investors IBIT Microsoft

Bitcoin surged above $107,000 Monday night amid community optimism and much activity around spot $BTC ETFs. (Credit: IBTimes US)

KEY POINTS

Bitcoin traded above $107,800 at one point Monday night
$BTC now has a market cap of more than $2.1 trillion, while Google and Amazon are at $2.4 trillion
Spot Bitcoin ETFs continue to haul in millions, with BlackRock's IBIT still in the lead

Bitcoin has once again defied gravity, surging to the $107,000 highs Monday and pushing it closer to the market capitalization of Google parent, Alphabet, which has held its place in the top ranks of the world's largest assets by market value for a long time.

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