Bitcoin Falls to 14th in Global Market Cap Rankings Amid Dollar Rally Selloff
Bitcoin’s market value dropped to about $1.564 trillion, losing further ground to major firms including Tesla, Saudi Aramco, and Broadcom within a week of steep declines.
Bitcoin’s global asset ranking fell to 14th, overtaken by Tesla, Saudi Aramco, and Broadcom, according to 8MarketCap data. Its market capitalization is approximately $1.564 trillion, down 6.62% in the past 24 hours and 12.08% over seven days. This follows a previous drop from October’s nearly $2.5 trillion peak amid U.S. dollar strength after President Trump’s nomination of Kevin Warsh as Federal Reserve chair, triggering sharp declines in cryptocurrencies and precious metals. Gold fell 9% to under $4,900, silver dropped 26.3% to $85.3, and Ether slid 14.5% to just above $300 billion, ranking 56th globally.
- Market Capitalization: The total value of a cryptocurrency's circulating supply, calculated by multiplying its current price by the total number of coins in circulation.
- Federal Reserve Chair: The head of the U.S. central bank, responsible for guiding monetary policy, including interest rates and the Federal Reserve’s balance sheet.