Bitcoin's global asset market cap ranking drops to 15th place

BTC-0,26%

BlockBeats News, February 23 — According to 8MarketCap data, Bitcoin’s global asset market cap ranking has dropped to fifteenth place, behind Broadcom and Tesla. Currently, Bitcoin’s market cap has fallen to $1.305 trillion, a 24-hour decrease of 4.11%.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Faces Obstacle at $75,000: Federal Reserve Meeting and Middle East Situation May Become Key Turning Points

Bitcoin's upward momentum weakened after touching $75,000, with market concerns about a near-term peak. Despite continued institutional accumulation pushing total open interest to $58 billion, prices face pressure from macro uncertainty. Bitcoin ETF inflows exceeding $1.5 billion support the price. Market focus remains on the Federal Reserve meeting and geopolitical situation, which may impact near-term trends.

GateNews20m ago

Why Does Ethereum Price "Rise with Bitcoin but Ignore Fundamentals"? Bitwise Reveals: 65% of Price Movement Determined by Bitcoin

Bitwise's research indicates that Ethereum's price movements are primarily driven by Bitcoin and macroeconomic liquidity, with relatively weak influence from on-chain fundamentals. The model shows that Bitcoin volatility can explain 65% of Ethereum's volatility, while accommodative monetary conditions and ETF fund flows also contribute to Ethereum's price. The current market views Ethereum as a "network commodity," and its price movements in the short term may still be dominated by Bitcoin and the liquidity environment.

GateNews25m ago

Citi significantly lowers Bitcoin and Ethereum target prices, with policy delays constraining upside potential

Citigroup has lowered its 12-month target prices for Bitcoin and Ethereum to $112,000 and $3,175 respectively, mainly due to the slower-than-expected progress of U.S. policy initiatives. Although the target prices have been reduced, both assets still have room for upward movement. The market's diminished expectations for demand growth make the sustainability of capital inflows a critical factor. If regulatory conditions improve, the target prices may be raised; otherwise, the downward adjustment will be justified.

GateNews39m ago

Mainstream CEX and DEX funding rates show the market remains bearish

On March 18, Gate News reported that as Bitcoin dipped slightly, the funding rates across major CEX and DEX platforms show the market is broadly bearish, indicating that market sentiment remains skewed to the downside.

GateNews39m ago

U.S. stocks strengthen but crypto concept stocks diverge, with Bitcoin's high-level fluctuations suppressing the performance of COIN and MSTR

The US stock market rose slightly driven by macroeconomic data and corporate earnings, with investors showing increased risk appetite for equities. Cryptocurrency-related stocks showed mixed performance, with COIN and MSTR trading characteristics closely tied to Bitcoin price fluctuations. Despite overall strength in US equities and rapid capital inflows, crypto stocks will continue to exhibit high volatility if Bitcoin fails to establish a trending rally.

GateNews44m ago
Comment
0/400
No comments