{"id":15313,"date":"2022-12-09T16:31:08","date_gmt":"2022-12-09T16:31:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/over-the-last-year-bitcoins-market-cap-slid-from-the-worlds-8th-most-valuable-asset-to-the-26th-position-markets-and-prices-bitcoin-news\/"},"modified":"2022-12-09T16:31:08","modified_gmt":"2022-12-09T16:31:08","slug":"over-the-last-year-bitcoins-market-cap-slid-from-the-worlds-8th-most-valuable-asset-to-the-26th-position-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/over-the-last-year-bitcoins-market-cap-slid-from-the-worlds-8th-most-valuable-asset-to-the-26th-position-markets-and-prices-bitcoin-news\/","title":{"rendered":"Over the Last Year, Bitcoin’s Market Cap Slid From the World’s 8th Most Valuable Asset to the 26th Position \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

In Nov. 2021, bitcoin\u2019s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset\u2019s market capitalization has dropped down to the 26th largest position among the most valuable assets and companies worldwide.<\/strong><\/p>\n

Bitcoin\u2019s Market Cap Is Just Below Chevron\u2019s and Just Above the Home Depot\u2019s Market Valuations<\/h2>\n

Just over a year ago in Nov. 2021, bitcoin\u2019s (BTC<\/a>) market capitalization was the eighth largest out of a myriad of companies and assets traded globally. At the time, on Nov. 9, 2021, an archive.org snapshot<\/a> collected from companiesmarketcap.com shows BTC<\/a>\u2019s market valuation was $1.289 trillion as each unit was swapping for just over $68K.<\/p>\n

\"Over
Bitcoin\u2019s position on companiesmarketcap.com on Nov. 9, 2021.<\/figcaption><\/figure>\n

On that day, BTC<\/a>\u2019s market cap was below the precious metal silver\u2019s overall valuation, which was $1.380 trillion on Nov. 9, 2021. The leading crypto asset was just above Tesla\u2019s $1.167 trillion market valuation recorded 395 days ago. Additionally, ethereum (ETH<\/a>) was situated in the top 20 positions of assets ranked by market capitalization as ETH<\/a> held the 15th largest market cap on Nov. 9, 2021.<\/p>\n

\"Over
Bitcoin\u2019s position on companiesmarketcap.com on Dec. 9, 2022.<\/figcaption><\/figure>\n

At the time, ETH<\/a>\u2019s market valuation was around $570.45 billion as ether was swapping for $4,839 per unit. Ethereum\u2019s market cap was below the company Tencent which had a market valuation of around $588.07 billion. The second leading crypto asset\u2019s market cap was above JPMorgan Chase\u2019s valuation which was $499.61 billion 395 days ago.<\/p>\n

\"Over
Ethereum\u2019s position on companiesmarketcap.com on Dec. 9, 2022.<\/figcaption><\/figure>\n

Today, on Dec. 9, 2022, the top two leading crypto assets BTC<\/a> and ETH<\/a> have much lower valuations than they did a year ago. Bitcoin is not represented in the top ten standings of assets ranked by market capitalization as it\u2019s now within the top 30 positions and ranked at 26. The $331.76 billion market cap BTC<\/a> holds today is just below Chevron\u2019s market cap of around $335.56 billion.<\/p>\n

Further, bitcoin\u2019s market capitalization is just above the overall market valuation of Home Depot, which is valued at $330.30 billion on Dec. 9. Ethereum has slid a great deal from the 15th largest position as it now holds the 72nd spot with a market cap of around $155.25 billion. Ether\u2019s market cap is below the United Parcel Service (UPS) which is $155.36 billion, and it\u2019s just above the valuation of Adobe ($154.61B).<\/p>\n

Ethereum\u2019s current market price is roughly 73.7% lower than it was 395 days ago on Nov. 9, 2021. Though BTC<\/a> and ETH<\/a> have seen their market caps drop lower during the last year, the same can be said for a large number of different assets and companies. Some assets, like gold\u2019s overall market valuation, conversely recorded increases over the last 12 months. Gold\u2019s cap in Nov. 2021 was around $11.605 trillion, and today it\u2019s worth $11.910 trillion.<\/p>\n

Microsoft was the second-largest asset a year ago, but it\u2019s now in the third position as Microsoft\u2019s valuation dropped from $2.53 trillion to today\u2019s $1.844 trillion. Google\u2019s or Alphabet\u2019s market cap was around $1.98 trillion and in the fifth position 395 days ago on Nov. 9, 2021, and on Dec. 9, 2022, it\u2019s down to $1.213 trillion. Silver\u2019s position in the top ten list moved up from the seventh to the fifth position, but the precious metal\u2019s market cap still dropped from $1.38 trillion to today\u2019s $1.316 trillion.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
Apple<\/a>, Assets<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, Chevron<\/a>, companies<\/a>, companiesmarketcap.com<\/a>, Ethereum<\/a>, Ethereum (ETH)<\/a>, Facebook<\/a>, gold<\/a>, Home Depot<\/a>, Market Capitalization<\/a>, market capitalization list<\/a>, Market Caps<\/a>, Market Valuations<\/a>, Markets<\/a>, markets and prices<\/a>, Microsoft<\/a>, Prices<\/a>, silver<\/a>, Tesla<\/a>, UPS<\/a><\/div>\n<\/div>\n

What do you think about bitcoin\u2019s fall from the top ten most valuable assets and companies worldwide down to the 26th position? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

\n
\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, editorial photo credit: companiesmarketcap.com<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n