Bitcoin (BTC<\/a>) has overtaken Alphabet (Google) to become the world\u2019s fifth most valuable asset by market capitalization.<\/p>\n As of April 23, Bitcoin\u2019s market cap surged to $1.87 trillion, edging past Alphabet\u2019s $1.859 trillion valuation, according to asset ranking data<\/a>. BTC is now behind only gold, Apple, Microsoft and Nvidia.<\/p>\n Bitcoin\u2019s edge over Alphabet coincides with its ongoing \u201cdecoupling<\/a>\u201d from its long-standing correlation with US tech stocks, especially in April, when BTC\u2019s price rallied 15% despite the Nasdaq 100\u2019s returns of 4.50% in the same period.<\/p>\n This decoupling followed months of disappointment for crypto bulls, who expected a stronger post-election rally.<\/p>\n Even with April\u2019s gains, BTC\u2019s price remains 16% below its $109,000 all-time high set in January, when Trump was re-inaugurated as the US president.<\/p>\n Trump\u2019s recent criticism of Federal Reserve Chair Jerome Powell<\/a> and his executive order to create a Strategic Bitcoin Reserve<\/a> (SBR) \u2014 which is nearing its 60-day review window \u2014 is helping reignite investor interest in crypto.<\/p>\n Related: <\/strong><\/em>Bitcoin could hit $1M if US buys 1M BTC \u2014 Bitcoin Policy Institute<\/strong><\/em><\/a><\/p>\n \u201cChatter questioning Fed independence is having positive spillover effects on BTC,\u201d said<\/a> Vetle Lunde, head of research at K33.<\/p>\n Macro analyst Fejau<\/a> stressed that capital outflows from US assets will likely benefit Bitcoin, given countries can\u2019t tariff it \u2014 and that it \u201cprovides high beta to a portfolio without the current tail risks associated with US tech.\u201d<\/p>\n \u201cThis market regime is what Bitcoin was built for,\u201d he wrote, adding:<\/p>\n \u201cOne the degrossing dust settles, it will be the fastest horse out of the gate.<\/p><\/blockquote>\n Alphabet is facing headwinds in the form of regulatory crackdowns, antitrust challenges and a slowdown in digital ad revenue. The rise of AI-focused rivals<\/a> and reduced growth projections have also dented confidence in Google\u2019s long-term dominance.<\/p>\n To put Bitcoin\u2019s $1.87 trillion valuation into perspective, it\u2019s now worth more than two Tesla companies.<\/p>\n The EV giant famously added Bitcoin to its balance sheet<\/a> in early 2021, when it was trading for around $33,500. It is now sitting on around 180% gains<\/a> worth over $1 billion.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n <\/div>\nBitcoin beats Nasdaq 100 returns in April<\/h2>\n
Bitcoin market worth more than two Teslas<\/h2>\n