Bitcoin falls out of the global top 10 assets as market cap dips below $1.5T
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- Bitcoin price dropped to $72,400, down from about $83,000 in early May.
- Bitcoin market capitalization fell to $1.45 trillion, slipping below the $1.5 trillion threshold and pushing it to 13th place among global assets.
- Bitcoin now ranks behind Saudi Aramco, Tesla, and Meta Platforms in market‑cap size, highlighting a shift toward AI stocks and precious metals.
- Gold surged to an all‑time high of $5,600 per ounce in January and remains near $4,486, becoming the world’s largest asset by market cap.
- 0xMarioNawfal warned on X that Bitcoin’s dip looks “scary,” while analysts Manly and Fexir offered opposing takes, saying the decline doesn’t affect scarcity and could be a bottom signal.
Why it matters: Crypto funds lose about $210 billion in market cap as investors shift to gold and AI stocks, boosting those sectors’ valuations and potentially reshaping portfolio allocations.
