Ayo Marvel 
Bitcoin, the world’s largest cryptocurrency by market value, surged to a new all-time high on Sunday, October 5, reaching $125,689 in Asian trading hours.
The rally surpassed its previous record of $124,514, set on August 14. According to Bloomberg, the latest jump was fueled by gains in US equities and renewed investor interest in Bitcoin-linked exchange-traded funds (ETFs).
The decentralized digital asset has climbed more than 30 per cent so far this year, continuing its steady rise amid a more crypto-friendly regulatory environment in Washington under President Donald Trump’s administration.
Bitcoin overtakes Amazon in market value
Earlier this week, Bitcoin achieved another major milestone by overtaking Amazon to become the world’s seventh most valuable asset. Its market capitalization now exceeds $2.4 trillion, edging past Amazon’s $2.37 trillion, according to data from CompaniesMarketCap.
About the Author
Emmanuel Femi Adedayo 
Ademola Busayo 