Market capitalization data from financial news sources like Bloomberg or CoinMarketCap

Bitcoin Surpasses $105K, Overtakes Google in Market Cap

Nov 29, 2024, 02:43 PM

Bitcoin has reached a significant milestone, surpassing $105,000 and overtaking Google's market capitalization. This achievement marks a new all-time high for Bitcoin, even as global liquidity decreases. Analysts, including Bloomberg's Senior Commodity Strategist Mike McGlone, attribute Bitcoin's resilience to advancing technology and geopolitical tensions, which have also impacted other markets like crude oil. The cryptocurrency's performance has sparked discussions about its potential to become a superior store of value compared to gold.