Yeliz Atmaca 
Bitcoin has achieved a historic milestone. With a market capitalization exceeding $2 trillion, it has surpassed Amazon, becoming the world’s fifth most valuable asset. This surge has created significant buzz in the cryptocurrency market. Institutional interest, ETF inflows, and global economic factors have fueled this leap.
Bitcoin’s Record-Breaking Rise
On May 8, 2025, Bitcoin’s market capitalization reached $2.04 trillion, overtaking Amazon’s $2.039 trillion valuation. This achievement positioned Bitcoin as the fifth largest asset globally, trailing only gold, Apple, Microsoft, and Nvidia. Additionally, Bitcoin’s price hit $102,000. This underscores the cryptocurrency’s growing acceptance in mainstream finance.
ETF Inflows and Institutional Interest
Spot Bitcoin ETFs played a pivotal role in Bitcoin’s rise. According to SoSoValue data, U.S.-based ETFs recorded a net inflow of $936.43 million on April 22. BlackRock’s iShares Bitcoin Trust (IBIT) led with $643.16 million. Moreover, four consecutive days saw inflows exceeding $100 million. Institutional investor interest has been a key driver of Bitcoin’s value increase. In the last 24 hours, liquidation rates in the crypto market drew attention. Per CoinGlass data, 200,194 investors’ positions were liquidated globally, with a total of $972 million in liquidations. Of this, $134 million came from long positions, and $838 million from short positions.
Macroeconomic Factors and the Trump Effect
Macroeconomic developments also supported Bitcoin’s rise. Trump’s comments on easing trade tensions positively impacted markets. Additionally, a decline in the U.S. dollar index and distrust in Fed policies boosted demand for Bitcoin. According to The Defiant, Bitcoin’s reduced volatility has led companies to consider holding cryptocurrencies in their treasury reserves.
Furthermore, global liquidity increases and central bank policies have positioned Bitcoin as a safe-haven asset. A QCP Capital analyst noted that Bitcoin’s correlation with tech stocks has broken, proving its strength as an independent asset class.
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