Bitcoin has slipped out of the world’s ten most valuable assets, marking a notable setback for the cryptocurrency market amid renewed volatility.
The drop places bitcoin at 11th globally by market capitalisation, falling behind companies such as Saudi Aramco and Taiwan Semiconductor Manufacturing Company.
Market data shows bitcoin’s total value declined to around $1.65 trillion during the latest sell-off.
The move reflects growing pressure on crypto markets as traditional assets regain momentum.
Analysts say the shift challenges the long-held narrative of bitcoin as a resilient store of value.
The decline comes as broader financial markets show signs of stabilisation after recent turbulence.
Investors have increasingly questioned bitcoin’s ability to absorb macroeconomic shocks.
The loss of ranking highlights how quickly sentiment can change in highly speculative markets.
The downturn was accelerated by a sharp wave of liquidations across crypto derivatives markets.
Estimates suggest roughly $1.6 billion in leveraged positions were liquidated within a short period.