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.
Bitcoin’s price slid from close to $90,000 to below $82,000 in a matter of hours.
The speed of the fall caught many traders off guard and intensified selling pressure.
Heavy exposure to leveraged long positions amplified the scale of the correction.
Market participants noted thin liquidity during key trading hours worsened the impact.
The episode contrasts sharply with the optimism seen in the market late last year.
Analysts warn the market remains vulnerable to further abrupt moves.
Some strategists say a longer period of consolidation or retreat cannot be ruled out.
Beyond technical factors, broader macroeconomic signals are weighing on bitcoin sentiment.
Investors are navigating mixed messages from global monetary policy and political developments.
Donald Trump recently confirmed Kevin Warsh as the next head of the US Federal Reserve.
Warsh is widely viewed as more open to crypto than many traditional policymakers.
Despite this, bitcoin has failed to benefit from a weakening US dollar.
The asset has also underperformed both equities and traditional safe havens.
Gold has surged to new highs, reinforcing its position as the world’s top-valued asset.