Summary
- It reported that Bitcoin (BTC)’s market capitalization fell to 12th in the global asset rankings.
- According to 8marketcap, Bitcoin’s market capitalization was about $1.64 trillion, dropping three places to 12th.
- Cointelegraph said the recent wave of large-scale selling and the expansion of Bitcoin price volatility are indicators behind the ranking decline.
Bitcoin (BTC)’s market capitalization has fallen to 12th place in the global asset rankings.
According to 8marketcap, a platform that tracks global asset market capitalizations, on the 30th (local time), Bitcoin’s market cap stood at about $1.64 trillion, dropping three places from its previous ranking to 12th.
Cryptocurrency news outlet Cointelegraph reported, “With heavy selling pressure continuing recently, Bitcoin has been pushed out of the top 10 global assets,” adding that it is “an indicator of how large Bitcoin’s price volatility has been in recent months.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
