Google DETHRONED by Bitcoin?! Bitcoin Becomes 5th Largest Asset! | Bitcoin News by CoinCorner
25/04/2025
Bitcoin became the world's fifth-largest asset by market cap, reaching $1.86 trillion and overtaking Google. Rising optimism from easing U.S.–China trade tensions and a broader tech rally pushed Bitcoin over $94,000, breaking key technical levels and outperforming the NASDAQ.
Bitcoin price update.
Bitcoin just surpassed Google – now the 5th largest asset in the world!
Bitcoin ETF mania returns. $936 million inflows – biggest since January.
Michael Saylor’s Bitcoin bet pays off! MSTR soars 2,466%, beating Tesla, Apple & Nvidia.
New $3.6 billion Bitcoin giant, Twenty One Capital, takes aim at Saylor’s Strategy.
Kuwait bans Bitcoin mining over energy concerns and legal violations.
Bitcoin just got a new friend in power! Paul Atkins heads SEC.
► WEEKLY RECAP
Bitcoin has officially surpassed Alphabet (Google's parent company) to become the world's fifth-largest asset by market capitalisation, reaching approximately $1.87 trillion as of April 23, 2025. This milestone places Bitcoin ahead of Alphabet, which is valued at around $1.859 trillion, and positions it just behind gold, Apple, Microsoft, and Nvidia.
The cryptocurrency's ascent is attributed to a 15% price surge in April, coupled with a decoupling from traditional tech stocks like the Nasdaq 100, which declined by 4.5% during the same period.
On April 22, 2025, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest single-day inflow since January, attracting a total of $936.43 million. This surge propelled the combined assets of these ETFs to surpass $100 billion for the first time in weeks, closing at $103.34 billion.
ARK 21Shares' ARKB led the influx with $267.10 million, followed by Fidelity's FBTC with $253.82 million, and BlackRock's IBIT with $193.49 million. Other funds, including Bitwise's BITB, Grayscale's GBTC, and Valkyrie's BRRR, also saw significant inflows, indicating a broad institutional interest in Bitcoin exposure.
Michael Saylor's strategic focus on Bitcoin has propelled MicroStrategy's (MSTR) stock to a remarkable 2,466% increase, significantly outperforming major tech giants like Nvidia, Tesla, Google, Apple, and Microsoft. Since embracing Bitcoin as its primary treasury asset in August 2020, MicroStrategy has amassed over 226,000 BTC, valued at approximately $40 billion. This aggressive acquisition strategy, funded through convertible bonds and equity sales, has transformed the company into a leading corporate Bitcoin holder.
Twenty One Capital, a new $3.6 billion Bitcoin investment firm, has been launched through a SPAC merger with Cantor Equity Partners. The firm is backed by Tether, SoftBank, and Bitfinex, and is led by Jack Mallers, CEO of Strike. It begins with 42,000 BTC and plans to acquire more using financial instruments like convertible bonds.
Kuwait has imposed a comprehensive ban on all cryptocurrency activities, including mining, payments, and investments, citing concerns over energy consumption and legal compliance.
The Capital Markets Authority (CMA) issued a circular on July 19, 2023, prohibiting the use of cryptocurrencies as payment methods, investment vehicles, and banning all digital asset mining operations. The CMA also barred local regulators from granting licenses to firms wishing to provide virtual asset services commercially.
This move aligns with Kuwait's efforts to combat money laundering and terrorist financing, in accordance with the Financial Action Task Force's (FATF) global recommendations. The CMA emphasised that cryptocurrencies lack legal status, are not issued or supported by any government, and are subject to speculative price fluctuations, posing significant financial risks.
Paul Atkins has been officially sworn in as the 34th Chairman of the U.S. Securities and Exchange Commission (SEC), succeeding Gary Gensler. Atkins, who previously served as an SEC commissioner from 2002 to 2008, is known for his pro-business stance and support for digital assets. His appointment, confirmed by the Senate in April 2025, marks a significant shift in the SEC's approach to cryptocurrency regulation.
Atkins has expressed a commitment to establishing a clear and stable regulatory framework for digital assets, emphasising the importance of separating political considerations from securities regulation to maintain the integrity of financial oversight .
That’s all for this week! Don’t forget to subscribe and stay tuned for more Bitcoin news 🔥
🔵 Visit CoinCorner: https://www.coincorner.com
Follow us on X:
📰 Bitcoin News - https://x.com/BitcoinNewsbyCC
🏛 CoinCorner - https://x.com/CoinCorner
#bitcoin #btc #bitcoinnews #google #gold #apple #microsoft #nvidia #trump #trumpbitcoin #bitcoinetf #michaelsaylor #microstrategy #kuwait #bitcoinmining #paulatkins #garygensler #sec #twentyonecapital #jackmallers #tether #softbank #cantorfitzgerald