Bitcoin’s (BTC) latest climb to the level of $ 111,000 has taken its market value to the world’s five best assets. BTC has surpassed Amazon’s market capital after its latest rally. BTC currently has a market value of $ 2,213 trillion. Amazon, on the other hand, has a valuation of $ 2,135 trillion. BTC best of only Apple, Nvidia, Microsoft and Gold.
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After Amazon, can Bitcoin surpass Apple?
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According to Coincex Analysis, Bitcoin (BTC) can continue to collect in the coming weeks. The platform expects the availability to trade at $ 166,151 on August 19 this year. BTC’s price will face a rally of 49.13% if the target hit 166 151.
What pushes the price of the asset?
BTC’s latest rally may be due to an increase in institutional investments. While BTC is shopping at new heights, other large assets are far from the highest time. Retail investor is probably this rally.
We can see a market -comprehensive rally if the Federal Reserve lowers interest rates. There is a chance that Fed will lower prices if inflation in the United States will continue to decrease.
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There is also a possibility that Bitcoin (BTC) will face a correction in the coming weeks. BTC can face obstacles if institutional inflows fall.