Bitcoin Loses Global Top 10 Asset Spot as Market Cap Falls to $1.48T

Bitcoin’s price slid from about $83,000 in early May to as low as $72,400, and its market capitalization dropped to $1.45 trillion from $1.66 trillion. The slide pushed the cryptocurrency out of the world’s top 10 assets by market cap, leaving it ranked thirteenth.

Investors rotated into traditional safe havens and AI-driven stocks, leaving Bitcoin behind some of the biggest companies. Gold and silver rallied—gold reached an all-time high of $5,600 per ounce in January before easing to around $4,486, while silver topped $120 and now trades near $76—while firms such as TSMC and Broadcom overtook Bitcoin in market value and Micron recently crossed the $1 trillion mark.

Market observers have offered mixed takes on the slide.

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