- Bitcoin attempts to breach the $100,000 milestone again, trading at $96,610.
- Crypto whales bought nearly $1.5 billion worth of Bitcoin during the recent dip.
- Bitcoin’s market cap stands at $1.915 trillion, poised to surpass Alphabet if it continues to rise.
The world’s largest cryptocurrency by market capitalization has had one of its most profitable months ever. With Bitcoin now attempting to breach the $100,000 milestone for the second time, investors are eyeing a potential breakthrough.
The recent dip to nearly $90k signaled alerts that a potential reversal could be imminent. However, according to recent performance, the world’s largest cryptocurrency could be heading to a new ATH again.
Bitcoin is currently trading at $96,610, up 1.2% over the day. While the asset is still negative in the weekly format with 2.17% losses — the Monthly timeframe still reveals a positive 30% increase.
Interestingly, recent reports indicate that crypto whales filled their bags and bought the dip at near-$90k. A post on CryptoQuant revealed that almost 16,000 BTC entered whale wallets after the dip — amounting to almost $1.5 billion.
Bitcoin has gained substantial value since then, up 6.20% since November 26. If estimations prove correct and the asset breaks the $100,000 mark, it would not only hit its highest-ever value, but it could also debunk a major company in the asset rankings by market capitalization.
Currently, Bitcoin sits at 7th in the top assets by market cap with $1.915 trillion. This year’s excellent performance has led the currency to debunk industry giants like Saudi Aramco, and even the precious metal silver.
The sixth place is Alphabet, mostly known as the tech giant Google (GOOG). Alphabet currently has a market capitalization of $2.076 trillion. Breaking $100k wouldn’t make Bitcoin pass Google on the rankings, but if the asset continues climbing after that milestone and GOOG market cap remains at the same level, Bitcoin would replace Alphabet as the sixth most valuable asset in the world by market capitalization when each token trades at around $104,962.
