Over the past year, Bitcoin’s market capitalization has fallen from the 8th most valuable asset in the world to the 26th position – Markets and prices Bitcoin Planet

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In November 2021, bitcoin market valuation managed to make it into the list of top ten assets ranked by market capitalization, as it was the eighth largest market capitalization last year on November 9. Since then, bitcoin is 75% lower in value against the US dollar and the market capitalization of the main crypto asset has fallen to the 26th position among the most valuable assets and companies in the world.

Bitcoin’s market cap is just below Chevron’s and just above Home Depot’s market valuations

Just over a year ago, in November 2021, the market capitalization of bitcoin (BTC) was the eighth-largest among a myriad of companies and assets traded around the world. At the time, Nov. 9, 2021, an archive.org snapshot collected from companiesmarketcap.com shows that BTC’s market valuation was $1.289 trillion, with each unit trading for just over $68,000.

Bitcoin’s position on Companiesmarketcap.com on November 9, 2021.

On that day, BTC’s market cap was below the overall valuation of the precious metal silver, which was $1.38 trillion on November 9, 2021. The top crypto asset was just above the market valuation of 1,167. trillion dollars from Tesla registered 395 days ago. Additionally, Ethereum (ETH) was in the top 20 asset positions ranked by market capitalization, with ETH holding the 15th largest market capitalization on November 9, 2021.

Bitcoin’s position on Companiesmarketcap.com on December 9, 2022.

At the time, the market valuation of ETH was around $570.45 billion, with ether trading for $4,839 per unit. Ethereum’s market capitalization was lower than that of Tencent, which had a market valuation of around $588.07 billion. The market capitalization of the second crypto asset was higher than the valuation of JPMorgan Chase, which was $499.61 billion 395 days ago.

Ethereum position on companiesmarketcap.com on December 9, 2022.

Today, December 9, 2022, the two major crypto assets BTC and ETH are at much lower valuations than a year ago. Bitcoin is not represented in the top 10 assets ranked by market capitalization, as it is now in the top 30 positions and ranks 26th. The market cap of $331.76 billion that BTC holds today is just below Chevron’s market cap of around $335.56 billion.

Additionally, bitcoin’s market cap is just above Home Depot’s overall market valuation, which is valued at $330.30 billion on December 9. Ethereum has slipped a lot from the 15th largest position as it now sits at 72nd with a market capitalization of around $155.25 billion. Ether’s market capitalization is lower than that of United Parcel Service (UPS), which is $155.36 billion, and just above Adobe’s valuation ($154.61 billion).

The current market price of Ethereum is around 73.7% lower than it was 395 days ago on November 9, 2021. Although BTC and ETH have seen their market caps decline over the past year , the same is true for a large number of different assets. and businesses. Some assets, such as the overall market valuation of gold, have conversely recorded increases over the past 12 months. Gold’s cap in November 2021 was around $11.605 trillion, and today it’s worth $11.910 trillion.

Microsoft was the second-largest asset a year ago, but is now in third place, with Microsoft’s valuation dropping from $2.53 trillion to $1.844 trillion today. The market capitalization of Google or Alphabet was around $1.98 trillion and in fifth position 395 days ago, on November 9, 2021, and on December 9, 2022, it fell to $1.213 trillion. Silver’s position in the top ten list fell from seventh to fifth, but the precious metal’s market capitalization still fell from $1.38 trillion to $1.316 trillion today.

Tags in this story Apple, Assets, Bitcoin, Bitcoin (BTC), Chevron, companies, companiesmarketcap.com, Ethereum, Ethereum (ETH), Facebook, gold, Home Depot, Market Cap, market cap list, Market Caps, Valuations stock exchanges, Markets, markets and prices, Microsoft, Price, money, Tesla, UPS

What do you think of bitcoin’s fall from the ten most valuable assets and companies in the world to the 26th position? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.

Image credits: Shutterstock, Pixabay, Wiki Commons, editorial photo credit: companiesmarketcap.com

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