BTC Returns to Top 10 Biggest Global Assets by Market Cap After Soaring to $75K

The largest cryptocurrency presently holds the ninth rank. The ever-volatile cryptocurrency market profited from Donald Trump’s increased odds of winning the US presidential election, as most assets rallied dramatically.

Bitcoin finally broke its March all-time high of $73,737, soaring above $75,000 to set a new record. Its market capitalisation skyrocketed, reaching a high of $1.5 trillion at one point. Although the metric has fallen significantly since then, with BTC’s price being down to $74,500, it has nevertheless helped the cryptocurrency return to the top ten global assets by market capitalisation.

With a current market capitalisation of $1.475 trillion, bitcoin ranks ninth, ahead of giants such as Meta Platforms (10th), Berkshire Hathaway (12th), Tesla (14th), and Walmart (16th). Even though gold’s price has retraced by 1.1% today, it remains the absolute leader with a market capitalisation of more than $18 trillion. NVIDIA follows suit, with $3.4 trillion. Next on the list are Apple ($3.377 trillion), Microsoft ($3.06 trillion), Amazon ($2.1 trillion), and Alphabet ($2.08 trillion).

BTC’s next aims include Saudi Aramco ($1.775 trillion) and silver ($1.784 trillion). The precious metal is also down today, by more than three percent.Ethereum (ETH), the second-largest cryptocurrency by this metric, has increased around 7% in value during the last day. With a price tag of roughly $2,600, its market capitalisation exceeds $310 billion, putting it in 34th place behind Bank of America, Netflix, and Johnson & Johnson.

Those are the only two cryptocurrencies in the top 100 list of largest assets, according to CompaniesMarketCap. According to CompaniesMarketCap, only two cryptocurrencies are in the top 100 largest assets.

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