Fresh Gains Push Bitcoin Back Into the World’s Top 10 Most Valuable Assets – Markets and Prices Bitcoin News

While bitcoin has lost more than 16% in value against the U.S. dollar during the past 30 days, the cryptocurrency’s market capitalization is still the tenth-largest asset by market valuation. With $603 billion in market value, bitcoin is above Meta’s (formally Facebook) capitalization and just below Berkshire Hathaway’s overall valuation.

Even though Bitcoin has lost more than 16% over a single month, it is still the 10th most valued asset in the world.

Market prices have dropped in recent weeks, causing bitcoin to be the most popular crypto asset. A month ago today, BTC was 16.4% higher in USD value as the recent stock market carnage and the Terra LUNA and UST fiasco contributed to bitcoin’s losses. However, in terms of market dominance, BTC’s market capitalization among more than 13,000 cryptocurrencies is now over 44% of the $1.36 trillion crypto economy.

While BTC is the number one leading crypto asset today in terms of market valuation, the crypto asset’s market cap makes it the tenth-largest in terms of all the major market capitalizations stemming from the likes of companies like Apple and Amazon, alongside precious metals like gold and silver.

Gold is today the most valuable commodity among all 6,265 commodities. It makes up $86.516 trillion USD in value. A one-ounce of pure gold can be purchased today for $1,848/unit and is valued at $11.737 trillion. Companiesmarketcap.com metrics currently show bitcoin’s $603 billion market cap equates to 5.13% of gold’s overall market capitalization.

Saudi Aramco is the second largest asset, with a value of $2.457 trillion. This surpasses all $1.36 trillion in crypto currency. Apple is third in global assets, both commodities-wise and by company shares. It has $2.406 trillion. While bitcoin equates to only 5% of gold’s net worth, BTC represents 25.06% of Apple’s market valuation.

Apple assets include Silver, Amazon and Tesla respectively, as well as Microsoft, Alphabet, Google, Silver, Berkshire Hathaway, and Alphabet (Google). Berkshire Hathaway rests above bitcoin (BTC) as the company’s market capitalization today is $698.81 billion. This means that BTC’s market cap equates to 86.28% of Berkshire Hathaway’s net worth. Bitcoin’s market cap was much higher at one time and it once surpassed Facebook’s market valuation.

In February 2022, BTC was the ninth-largest crypto asset according to companiesmarketcap.com metrics. After dropping to a low recently, BTC held the eleventh position in terms of the world’s most valuable assets. The crypto asset’s latest gains has allowed it to recapture the tenth position in terms of the market capitalizations of 6,265 commodities and companies.

Do you agree that bitcoin is the 10th most valued asset in the world? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.