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Over the Last Year, Bitcoin's Market Cap Slid From the World's 8th Most Valuable Asset to the 26th Position

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In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset’s market capitalization has dropped down to the 26th largest position among the most valuable assets and companies worldwide.

Just over a year ago in Nov. 2021, bitcoin’s (BTC) market capitalization was the eighth largest out of a myriad of companies and assets traded globally. At the time, on Nov. 9, 2021, an archive.org snapshot collected from companiesmarketcap.com shows BTC’s market valuation was $1.289 trillion as each unit was swapping for just over $68K.

(by Jamie Redman)

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