Bitcoin slides out of top 10 global assets by market value
Crypto Briefing
Bitcoin dropped to 11th place globally by market capitalization amid a significant digital asset market downturn.Summary
Bitcoin has fallen out of the top 10 global assets by market capitalization, now ranking 11th with a market cap of approximately $1.67 trillion. This decline places it behind Meta Platforms, TSMC, and Saudi Aramco, according to CompaniesMarketCap data. The drop coincided with a broad risk-off move in global markets, causing the leading crypto asset to trade around $87,500 and the total crypto market cap to fall 5% to about $2.9 trillion in 24 hours. Despite this ranking change, a recent survey suggests that institutional investors still consider Bitcoin to be undervalued at its current price levels.
(Source：Crypto Briefing)