Bitcoin falls out of the global top 10 assets as market cap dips below $1.5T
Bitcoin’s market cap has dropped below $1.5 trillion, pushing it out of the world’s top 10 assets amid AI stock and precious metal rallies.
Bitcoin’s (BTC) latest drawdown to $72,000 has coincided with a sharp drop in its market capitalization, pushing it out of the global top 10 assets by market cap.
Key takeaways:
Bitcoin’s price has dropped sharply from around $83,000 in early May to as low as $72,400 on Thursday. This was accompanied by a fall in its market capitalization to $1.45 trillion from $1.66 trillion.