Bitcoin still rules the ninth largest market capitalization in the world – Markets and Prices Bitcoin News
Despite its depreciation over the past three months, the leading crypto asset Bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Additionally, Bitcoin could flip some of the world’s most valuable assets in the future as the crypto asset is 67% away from selling the overall valuation of tech giant Google and other valuable companies and commodities.
Bitcoin: The ninth most valuable asset in the world in terms of market capitalization
Bitcoin is still the ninth most valuable asset in the world, according to stats from Assetdash.com, the market cap web portal for global assets. Bitcoin (BTC) hit an all-time high (ATH) of $ 64,895 three months ago and the price is still more than 45% below that range.
The leading crypto asset also hit a low ten days ago at USD 28,600 per unit, but has since offset around 14% of the losses. Of course, Bitcoin had a much higher position on Assetdash.com’s list at ATH, outperforming companies like Facebook (Nasdaq: FB). On Saturday, Bitcoin’s (BTC) market valuation jumped above Berkshire Hathaway (NYSE: BRK.A).
Bitcoin (BTC), with a market valuation of $ 648 billion, is still among the top assets in the world, ahead of companies like JPMorgan Chase, Nvidia, Visa, Alibaba, and Taiwan Semiconductor Manufacturing Company (TSMC).
Bitcoin’s market capitalization is twice the ratings of companies like Toyota, Procter & Gamble, and Walt Disney Company. Bitcoin’s valuation is four times that of companies like Phillip Morris, the Royal Bank of Canada, Anheuser-Busch, and Citigroup.
Flippening percentages and Ethereum
The creators of assetdash.com have also developed another site called “BTC Flippening,” which shows how close the crypto asset is to outperforming the other nine leading asset ratings. For example, Bitcoin is very close to outperforming Tesla as it is about 1% away from skipping the electric car maker’s rating.
BTC is 36% away from Facebook, 57% away from Silver’s total market cap, and 67% away from Google. The top dog on the list is, of course, gold with a market valuation of $ 10 trillion. As for gold, however, BTC is 6% of the way and 28% in Apple’s gigantic market cap of $ 2.29 trillion.
Ethereum’s valuation isn’t overly shoddy either, as it has a capitalization of $ 258 billion at the time of writing. This puts the rating of Ethereum (ETH) in 35th place, ahead of valuable companies such as Netflix, Verizon, Coca-Cola and Vanguard.
The third largest cryptocurrency valuation, owned by Tether (USDT), has a total capitalization of around $ 62 billion, while Cardano (ADA) has $ 45.3 billion. Both USDT and ADA fail to make assetdash.com’s list as Toronto Dominion Bank ranks 100th with a market valuation of $ 128 billion.
What do you think of the fact that Bitcoin is still the ninth most valuable asset in the world today? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, assetdash.com, Reddit,
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