Bitcoin has reached a new all-time high, surpassing $111,500 and briefly exceeding $112,000, marking its highest price to date. This surge has elevated Bitcoin's market capitalization to over $2.2 trillion, making it the fifth-largest asset globally by market cap. In doing so, Bitcoin has overtaken major corporations such as Amazon and Alphabet (Google), positioning itself just behind Apple, Microsoft, NVIDIA, and gold in terms of asset value. The broader cryptocurrency market has also expanded, with the total market capitalization exceeding $3.6 trillion for the first time since February 2025. Analysts and market watchers are speculating on Bitcoin's potential to reach $120,000 in the near term, reflecting ongoing momentum in the digital asset space.