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 world’s 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.
Despite losing more than 16% in one month, Bitcoin remains the 10th most valuable asset in the world
The leading crypto-asset bitcoin (BTC) has had a tough few weeks in terms of falling market prices. A month ago today, the value of BTC was 16.4% higher in USD, with recent stock market carnage and the Terra LUNA and UST fiasco contributing to bitcoin’s losses. However, in terms of market dominance, BTC’s market capitalization among over 13,000 cryptocurrencies now represents 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.
Today, gold is the largest market capitalization among 6,265 commodities and companies that represent $86.516 trillion in USD value. One ounce of fine gold is trading today for $1,848 per unit and its overall valuation stands at $11,737 billion. Measurements from Companiesmarketcap.com currently show that bitcoin’s $603 billion market cap is equivalent to 5.13% of the overall gold market cap.
The second-largest asset is Saudi Aramco, which is worth $2.457 trillion and it eclipses the entire $1.36 trillion crypto economy. The third-largest global asset in terms of commodities and company shares is Apple with $2.406 trillion. While bitcoin equates to only 5% of gold’s net worth, BTC represents 25.06% of Apple’s market valuation.
Apple Track includes assets such as Microsoft, Alphabet (Google), Silver, Amazon, Tesla and Berkshire Hathaway respectively. Berkshire Hathaway sits above bitcoin (BTC) as the company’s market capitalization today is $698.81 billion. This means that the market capitalization of BTC is equivalent to 86.28% of the net worth of Berkshire Hathaway. Bitcoin’s market cap was much higher at one point and it has already 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.
