Bitcoin News Today: Bitcoin Surpasses Google as Fifth-Largest Asset Amid Fed Rate Cut Bets

Bitcoin has reached a historic milestone, becoming the fifth-largest asset by market capitalization globally, surpassing Alphabet Inc., the parent company of Google, which is valued at $2.4 trillion [1]. This development reflects a year-long surge in bullish sentiment, driven by a more favorable regulatory climate under U.S. President Donald Trump and the widespread adoption of corporate treasury strategies focused on Bitcoin accumulation [1].

Bitcoin’s price surged past $124,000 in early Asia trading, briefly eclipsing its previous high of $123,205 on July 14 [1]. The rally has been closely aligned with broader equity markets, particularly the S&P 500, which hit a record high for the second consecutive session. The synchronized upward movement highlights the shared macroeconomic tailwinds supporting both traditional and digital assets [1].

The cryptocurrency’s market capitalization now stands at approximately $2.456 trillion, according to data, placing it ahead of Google and behind assets such as Apple, Microsoft, and Amazon [1]. This ranking underscores Bitcoin’s growing institutional legitimacy and the expanding role of digital assets in global capital markets [3].

Corporate adoption has played a key role in Bitcoin’s ascent. Pioneered by MicroStrategy’s Michael Saylor, the strategy of accumulating Bitcoin as a balance sheet asset has gained traction among smaller public companies and even some Ether-focused firms [1]. As more organizations integrate Bitcoin into their treasury management frameworks, the demand for the asset has intensified, contributing to its valuation surge [3].

The momentum behind Bitcoin has also been supported by expectations of an imminent Federal Reserve rate cut. Recent inflation data aligned with market forecasts, reinforcing the belief that the Fed will ease monetary policy in September [1]. Lower borrowing costs typically benefit risk assets by improving financial conditions, and Bitcoin has benefited from the broader risk-on environment alongside equities and other speculative assets [1].

Technical analysts have set their sights on the $135,000–$138,000 price range as the next potential target for Bitcoin following its breakout above the $120,000 resistance level [1]. The market’s reaction suggests that Bitcoin could continue its climb, especially if macroeconomic conditions and regulatory clarity remain supportive [1].

Bitcoin’s rise to the fifth-largest asset marks a significant turning point in the evolution of digital assets. Once considered a niche or speculative investment, Bitcoin is now being viewed as a legitimate, strategic allocation by institutional investors. This shift reflects not only growing demand but also the increasing acceptance of digital assets within the broader financial ecosystem [3].

The broader implications of this milestone extend beyond Bitcoin itself. It signals a reconfiguration of the traditional asset hierarchy, with alternative assets like crypto gaining a more prominent place alongside equities, bonds, and real estate. This development reinforces the idea that digital assets are no longer peripheral but integral to modern portfolio construction [1].

As corporate treasuries continue to load up on Bitcoin and regulatory frameworks evolve to accommodate digital asset holdings, the cryptocurrency is likely to maintain its trajectory of growth. The convergence of favorable macroeconomic conditions, regulatory progress, and institutional adoption is creating a powerful tailwind for Bitcoin’s continued ascent in the global financial landscape [1].

Source:

[1] Bitcoin Crosses Google to Become Fifth-Largest Asset as Fed Rate Cut Bets Rise

(https://www.coindesk.com/markets/2025/08/14/bitcoin-crosses-google-to-become-fifth-largest-asset-as-fed-rate-cut-bets-rise)

[3] Institutions Are Still Loading Up on Bitcoin, Here's How

(https://www.fastbull.com/news-detail/institutions-are-still-loading-up-on-bitcoin-heres-4339520_0)