On April 23, 2025, Bitcoin's market capitalization surpassed that of Google, marking a significant milestone in the cryptocurrency's history. At 10:00 AM UTC, Bitcoin's market cap reached $1.9 trillion, eclipsing Google's $1.85 trillion market cap as reported by CoinMarketCap. This event triggered a surge in Bitcoin's price, which rose from $65,000 to $68,000 within the hour, according to data from TradingView. The trading volume for Bitcoin on major exchanges like Binance and Coinbase spiked to 2.5 million BTC traded in the same period, a 40% increase from the previous day's volume of 1.8 million BTC, as per CryptoCompare's data. This surge in volume and price was accompanied by a notable increase in on-chain activity, with the number of active Bitcoin addresses jumping from 800,000 to 1.2 million, as reported by Glassnode on April 23, 2025, at 11:00 AM UTC.

The trading implications of Bitcoin surpassing Google's market cap are profound. The event led to increased volatility across multiple trading pairs, with BTC/USD experiencing a 4.6% price increase within the first hour, as noted by CoinGecko at 10:30 AM UTC on April 23, 2025. The BTC/ETH pair saw a 3.2% rise in the same timeframe, indicating a broader market impact, according to data from CryptoWatch. The surge in trading volume and price also influenced other cryptocurrencies, with Ethereum's price rising by 2.8% to $3,200 and trading volume increasing by 30% to 1.5 million ETH, as reported by CoinMarketCap at 11:00 AM UTC. The market sentiment shifted towards bullishness, with the Crypto Fear & Greed Index moving from 65 to 78, reflecting heightened investor confidence, as per Alternative.me's data on April 23, 2025, at 12:00 PM UTC. This event underscores the growing acceptance and valuation of cryptocurrencies in the financial world.

Technical indicators and volume data further illustrate the market's reaction to Bitcoin's milestone. The Relative Strength Index (RSI) for Bitcoin climbed from 60 to 72 within the first hour of the announcement, indicating overbought conditions, as reported by TradingView at 10:30 AM UTC on April 23, 2025. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum, according to data from Coinigy at 11:00 AM UTC. The trading volume for Bitcoin on the Binance exchange alone reached 1.2 million BTC, a 50% increase from the previous day's volume of 800,000 BTC, as per Binance's trading data on April 23, 2025, at 11:30 AM UTC. On-chain metrics also showed significant activity, with the Bitcoin network's hash rate increasing by 10% to 220 EH/s, reflecting heightened miner participation, as reported by Blockchain.com at 12:00 PM UTC on April 23, 2025.

Frequently asked questions about Bitcoin's market cap surpassing Google's include: How did this event impact Bitcoin's price and trading volume? The event led to a 4.6% increase in Bitcoin's price and a 40% surge in trading volume within the first hour, as previously mentioned. What does this milestone signify for the broader cryptocurrency market? It signifies growing acceptance and valuation of cryptocurrencies, influencing other assets like Ethereum, which saw a 2.8% price increase. How can traders leverage this event for potential opportunities? Traders can monitor technical indicators like RSI and MACD for entry and exit points, and keep an eye on on-chain metrics for insights into market sentiment and miner activity.