Bitcoin Sees Strong Rebound, Fully Diluted Market Value Surpasses Amazon and Google
Recently, Bitcoin has experienced a strong rebound, with its fully diluted market value (FDV) returning to $1.96 trillion, successfully surpassing Amazon and Google’s parent company Alphabet.
(Background: A discussion on “future data leaks” using Bitcoin’s double-top structure in 2021 as an example)
(Context: Standard Chartered Bank boldly predicts a target price of $200,000 for Bitcoin by 2025)
The cryptocurrency and traditional financial markets rebounded strongly on Wednesday due to Trump’s statement about reducing tariffs on China and his indication of not intending to dismiss the Federal Reserve. Bitcoin (BTC) nearly approached $95,000 yesterday (23rd) and is currently reported at $93,320, oscillating within a narrow range.
Bitcoin’s FDV Exceeds Amazon and Google
With the recovery of prices, Bitcoin’s fully diluted market value (FDV) has now reached $1.96 trillion. According to data from CompaniesMarketCap, Bitcoin’s FDV has surpassed that of Alphabet (Google’s parent company) at $1.85 trillion and Amazon at $1.91 trillion.
This is not Bitcoin’s highest value, as it previously broke the $100,000 mark. However, the significant pullback of U.S. tech stocks this year demonstrates the resilience of BTC prices. Compared to companies, BTC currently trails only behind Apple ($3.07 trillion), Microsoft ($2.78 trillion), and NVIDIA ($2.5 trillion), but there is still a considerable gap to gold’s $22.4 trillion.
U.S. Stocks Continue to Rebound
In addition, the traditional financial market saw a noticeable improvement in investor sentiment, with U.S. stock markets rising on the 23rd:
- The Dow Jones Industrial Average rose by 419.59 points (1.07%), closing at 39,606.57 points
- The S&P 500 index closed up 88.1 points (1.67%), reporting 5,375.86 points
- The tech-heavy Nasdaq index surged 407.63 points (2.50%), closing at 16,708.05 points
- The Philadelphia Semiconductor Index soared by 3.96%, closing at 3,983.92 points
Additionally, U.S. Treasury Secretary Scott Bessent stated last night that neither side believes the current high tariffs are sustainable, and there is a potential for significant trade agreements between the U.S. and China, although both parties are awaiting dialogue.
Note: Currently, the U.S. imposes a 145% tariff on many imports from China, with some products facing cumulative tariffs of up to 245%. In retaliation, China has raised tariffs on U.S. goods to 125%.
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