Bitcoin Magazine Bitcoin Price Slid Down To $118,000 After Surpassing Google’s Market Cap

Bitcoin price experienced a significant pullback to $118,000 after briefly surpassing Google parent Alphabet’s market capitalization to become the world’s fifth-largest asset, highlighting Bitcoin’s growing institutional prominence despite continued volatility.

Bitcoin price reached an all-time high of $124,283 in early Asian trading on Thursday, pushing its market capitalization to $2.46 trillion and temporarily overtaking Alphabet’s $2.448 trillion valuation. However, the milestone was followed by a sharp correction as traders took profits and U.S. inflation data triggered broader market uncertainty.

The recent surge and subsequent correction demonstrate Bitcoin’s maturing market dynamics. While

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