Market updates

Bitcoin Surpasses Google to Become World’s 5th Largest Asset

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2025-04-24 | 5m

Bitcoin has now become the fifth most valuable asset in the world, with a market value of $1.86 trillion. It recently passed Google in terms of total value, as its price surged past $94,000. This rise was driven by growing confidence in the market, helped by improved trade relations between the U.S. and China. This has also lifted technology stocks, including those in the Nasdaq.

Although Bitcoin’s value once reached over $2 trillion when it was priced above $109,000, tech stocks were also much higher back then. This time, Bitcoin’s rise has outpaced many other big assets, including major tech companies.

Experts say that Bitcoin broke through important price resistance levels, meaning it overcame barriers that often stop prices from climbing. This is seen as a strong sign of continued growth. Bitcoin is also now performing better than the Nasdaq, which tracks many of the world’s top tech companies.

In simple terms, Bitcoin isn’t just bouncing back—it’s becoming one of the biggest players in global finance.

Source: CoinDesk

Futures Market Updates

Over the past 24 hours, both BTC and ETH futures saw declines in open interest and trading volume, but BTC experienced a steeper drop in both metrics. BTC futures open interest fell by 4.27%, while ETH futures only declined 0.82%. BTC also saw higher total liquidations ($85.09M) compared to ETH ($63.19M), with more short positions liquidated in BTC and more long positions in ETH. Notably, the BTC market leaned slightly bearish with a negative funding rate (-0.0018%), while ETH showed a mildly bullish bias with a positive funding rate (0.0022%). Both markets maintained nearly balanced long/short ratios, reflecting cautious trader sentiment.

BTC Futures Updates

Total BTC Open Interest: $64.12B (-4.27%)

BTC Volume (24H): $125.59B (-17.93%)

BTC Liquidations (24H): $40.73M (Long)/$44.36M (Short)

Long/Short Ratio: 49.95%/50.05%

Funding Rate: -0.0018%

ETH Futures Updates

Total ETH Open Interest: $21.27B (-0.82%)

ETH Volume (24H): $59.99B (-21.38%)

ETH Liquidations (24H): $34.58M (Long)/$28.61M (Short)

Long/Short Ratio: 49.21%/50.79%

Funding Rate: 0.0022%

Top 3 OI Surges

MEMEFI: $46.47M (+565.79%)

ALPACA: $27.58M (+263.74%)

WING: $1.45M (+205.69%)

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