BTC breaks through $124,000, setting a new record high

OKX market data indicates a milestone in the digital currency sector! On August 14th, Beijing time, the price of Bitcoin (BTC) skyrocketed, successfully breaking through the $124,000 mark and reaching an intraday high of $124,050, once again setting a new all-time high (ATH). This sharp surge not only ignited a frenzy in the crypto market but also reshaped the global market capitalization rankings of top assets.

For the first time in history, Bitcoin's market capitalization surpassed tech giant Google's parent company, Alphabet, firmly entering the top five global assets! The latest statistics from the authoritative crypto data platform 8marketcap reveal that, driven by Bitcoin's continued surge in price, its total market capitalization has soared to a staggering $2.459 trillion. This figure not only puts Bitcoin far ahead of the crypto world, but also surpasses the market capitalization of traditional tech giant Alphabet (Google), catapulting it to fifth place in the global market capitalization rankings of all publicly traded assets (including stocks, commodities, and cryptocurrencies).

This signifies that the influence and value recognition of cryptocurrency as an emerging asset class have reached unprecedented heights.

Currently, the top four global asset classes by market capitalization are still held by giant corporations: Apple holds the top spot with over $3 trillion, followed closely by Microsoft, with Saudi Aramco and NVIDIA in third and fourth place, respectively. Bitcoin's success in dethroning Google is not only a brilliant victory for its own development, but also a powerful statement to the traditional financial world: digital gold's value storage and growth potential are gaining the unwavering support of a wider range of capital.