It took Bitcoin less than seven days to break its all-time high again and reach a new mark of just under $94,000.

This brought the company’s market cap to around $1.850 trillion, making it the seventh-largest asset in the world by this metric.

The leading cryptocurrency surged after the United States elected Donald Trump as its next president on November 5. At the time, the asset was trading at $68,000, but surged to $75,000 later that day.

The rally continued the following week and peaked at $93,477 last Wednesday. Since then, Bitcoin has entered a consolidation phase and even dropped below $87,000 amid some profit-taking, especially from miners.

It did not stay there for long, however, and began another surge higher at the start of the current working week, which has taken it above $92,000 several times. After several rejections, it broke through that line and rose above $93,000 earlier today.

This came on the back of several large purchases from MicroStrategy, as well as some smaller purchases from other companies like Metaplanet.

BTC's current market cap of $1.850 trillion cements its position as the world's seventh-largest asset and closes the gap with Alphabet ($2.150 trillion) and Amazon ($2.160 trillion).

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