Bitcoin drops out of the top 10 largest assets by market cap
The post Bitcoin drops out of the top 10 largest assets by market cap appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is down nearly 17% year to date, as institutional outflows and geopolitical tensions continue to pressure digital assets. As a result, ‘digital gold’ has officially dropped out of the top 10 largest assets by market cap, now occupying spot number 13 with a market value of $1.457 trillion, citing numbers provided by Companies Market Cap. For comparison, the cryptocurrency is now worth less than Tesla (NASDAQ: TSLA) and Meta (NASDAQ: META), which have a market capitalization of $1.64 trillion and $1.59 trillion, respectively. Top assets by market cap. Source: Companiesmarketcap.com At press time, Bitcoin was changing hands at $72,753, with the $72,000–$73,000 area as the next critical support. To plunge even further, to spot number 14, the digital asset would need to decline just 10% more and lose $147 billion in market cap. Bitcoin bleeds market cap Indeed, in contra