Bitcoin Breaks $120,000 as Global Crypto Market Cap Tops $4.24 Trillion
Bitcoin’s rise above $120,000 pushes its market cap to over $2.4 trillion, surpassing Amazon and ranking seventh globally among assets.
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Fact Check
The statement is strongly supported by a single piece of evidence. Source 8 (DL News), dated August 11, 2025, explicitly states that Bitcoin is trading at '$121,285' and the global crypto market cap has surpassed '$4.1tn'. While other sources from late 2024 show lower figures, the future date of the supporting evidence accounts for this discrepancy, aligning with the claims in the statement.
Summary
Bitcoin's price surged past $120,000, lifting its market capitalization to $2.4 trillion, marking a 1.84% gain in the last 24 hours. This rise has pushed Bitcoin ahead of Amazon’s $2.371 trillion valuation, ranking it seventh globally. The cryptocurrency now trails only silver in terms of asset rankings.
Terms & Concepts
- Market Capitalization: The total value of all cryptocurrencies combined, calculated by multiplying the price of each coin by its circulating supply.
- Bitcoin Dominance: The percentage of the total cryptocurrency market capitalization that is represented by Bitcoin.
- Ethereum: A blockchain platform with its own cryptocurrency, Ether, known for enabling smart contracts and decentralized applications.