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Bitcoin Overtakes Google, Hits $2.4 Trillion Market Cap
14 Aug
Summary
- Bitcoin reaches new all-time high, briefly topping $124,450
- Bitcoin overtakes Google parent Alphabet as 5th largest asset globally
- Over $450 million in leveraged positions liquidated in 24 hours
On August 14, 2025, Bitcoin experienced a relentless climb, pushing it to a fresh all-time high and briefly overtaking Google parent Alphabet's market capitalization. The world's largest cryptocurrency reached a staggering $2.456 trillion market cap, cementing its position as the fifth-largest asset globally.
The milestone, achieved during a late-night trading frenzy, has triggered a wave of optimism among crypto bulls. The move confirms Bitcoin's strong institutional demand, with pension funds, ETFs, and large-cap investors driving unprecedented buying pressure. Ethereum followed suit, holding above $4,750, while Solana, Cardano, and Dogecoin all booked double-digit gains over the week.
However, one top-10 coin, XRP, missed the rally entirely, staying locked near $3.24 and leaving traders scratching their heads. Data shows that more than $450 million worth of leveraged positions were liquidated in the past 24 hours, with the majority coming from short sellers who bet against Bitcoin's record-breaking run.
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With Bitcoin's valuation now over $2.4 trillion, traders are already eyeing the next prize: Apple's $3.462 trillion market cap.
