Although bitcoin’s value has fallen by more than 16% against the U.S. Dollar in the last 30 days, its market capitalization remains the world’s tenth largest asset according to market valuation. Bitcoin’s market value of $603 billion is higher than Meta’s (formerly Facebook) capitalization, and less than Berkshire Hathaway overall valuation.
Although Bitcoin is the 10th most valuable asset worldwide, it lost over 16% in one month
Market prices have dropped in recent weeks, affecting the leading crypto asset bitcoin ( Bitcoin). Today, Bitcoin had a 16.4% increase in USD value a month ago. This was due to the recent stock market chaos and the Terra LUNA/UST fiasco which contributed to bitcoin’s losses. However, BTC is currently more than 44% of the $1.36 Trillion crypto economy in terms of market dominance.
BTC remains the most popular crypto asset in terms market valuation. However, its market cap places it at the tenth position in terms all major market capitalizations resulting from companies like Apple and Amazon.
Gold is today the most valuable commodity among all 6,265 commodities. It makes up $86.516 trillion USD in USD value. Today, one ounce of fine-gold is worth $1,848 per unit. It has an overall value of $11.737 trillion. Companiesmarketcap.com metrics currently show bitcoin’s $603 billion market cap equates to 5.13% of gold’s overall market capitalization.
Saudi Aramco is the second-largest asset, with a value of $2.457 trillion. This surpasses the $1.36 trillion crypto currency. Apple, which is worth $2.406 trillion, is the third-largest global commodity and company share asset. Bitcoin is only 5% of the net worth of gold, but BTC accounts for 25.06%.
Apple assets include Silver, Amazon and Tesla respectively, as well as Alphabet (Google), Silver and Microsoft. Berkshire Hathaway is above bitcoin ( BTC), as the company’s current market capitalization is $698.81 million. This means that BTC has a market capitalization of $698.81 billion, which is 86.28% more than Berkshire Hathaway. Bitcoin’s market cap used to be much larger and once exceeded Facebook’s market value.
In February 2022, BTC was the ninth-largest crypto asset according to companiesmarketcap.com metrics. BTC remained at the eleventh spot in the list of the most valuable assets worldwide after it dropped to a low. It has regained the tenth spot in terms of market capitalizations for 6,265 commodities or companies, thanks to its latest gains.