TradingKey – A landmark US-UK trade deal sparks Bitcoin’s historic rally to reclaim the $100K mark, propelling its market cap beyond $2 trillion and eclipsing giants like Amazon, Google, and silver.
In pre-market trading on May 9, Bitcoin (BTC) surged over 5% following former President Trump’s announcement of a breakthrough trade agreement with the UK. The cryptocurrency breached the psychological $100,000 level, peaking at $104,145 – its highest price since January 2025.
Bitcoin Price Chart, Source: TradingView.
With this parabolic move, Bitcoin’s market capitalization rocketed to $2.04 trillion, now ranking as the world’s 5th most valuable asset. It trails only gold (XAUUSD), Microsoft (MSFT), Apple (AAPL), and NVIDIA (NVDA), and has decisively outperformed major benchmarks including Amazon (AMZN), Alphabet (GOOG), and silver (XAGUSD).
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Top Ten Assets by Market Cap Worldwide, Source: 8marketcap.