BTC price is up 15% in April, breaking from the tech-heavy Nasdaq 100, which has dropped 4.5%; Bitcoin moves into the top five largest assets.
Bitcoin (BTC) has overtaken Alphabet (Google) to become the world’s fifth most valuable asset by market capitalization.
As of April 23, Bitcoin’s market cap surged to $1.87 trillion, edging past Alphabet’s $1.859 trillion valuation, according to asset ranking data. BTC is now behind only gold, Apple, Microsoft and Nvidia.
Bitcoin’s edge over Alphabet coincides with its ongoing “decoupling” from its long-standing correlation with US tech stocks, especially in April, when BTC’s price rallied 15% despite the Nasdaq 100’s returns of 4.50% in the same period.
