In November 2021, the market valuation of Bitcoin will be It was the eighth largest by market cap on November 9th last year, making it in the top 10 list of assets ranked by market cap. It fell to 26th place among the world’s most valuable assets and companies.
Bitcoin Market Cap Slightly Below Chevron Market Cap and Slightly Above Home Depot Market Valuation
Exactly One Year Ago in 2021 11 In March, Bitcoin (BTC) was the eighth largest by market capitalization among the myriad of companies and assets traded worldwide. At that time, on November 9, 2021, a archive.org snapshot collected from companiesmarketcap.com showed a market valuation ofBTCat his $1.289 trillion. It shows that there was $68,000.
On that day, the market cap ofBTCfell below his $1.38 trillion overall valuation of precious metal silver on November 9, 2021 . The leading crypto asset just edged out Tesla’s $1.167 trillion market valuation set 395 days ago. In addition, Ethereum (ETH) is among the assets ranked by market cap as ETH held his 15th largest market cap on November 9, 2021. I was in the top 20.
At the time,ETHhad a market valuation of approximately $570.45 billion. Ether was exchanged at $4,839 per unit. Ethereum’s market cap trailed Tencent, which has a market cap of around $588.07 billion. The second largest crypto asset by market capitalization surpassed JPMorgan Chase’s valuation of $499.61 billion 395 days ago.
Additionally, Bitcoin’s market capitalization is slightly above Home Depot’s overall market valuation, which on December 9 he was valued at $330.3 billion. It has a market capitalization of approximately $155.25 billion. Ether’s market cap is below United Parcel Service’s (UPS) $155.36 billion and slightly above Adobe’s valuation ($15.461 billion).
Ethereum’s current market price is approximately 73.7% lower than it was 395 days ago on November 9, 2021. However, the market caps ofBTC and ETH have fallen. It was down last year, but the same is true for many different assets and companies. Some assets, such as gold’s overall market valuation, have registered a reverse increase over the past 12 months. Gold was capped at about $11.605 trillion in November 2021 and is now worth $11.91 trillion.
Microsoft was his second largest asset a year ago, but Microsoft’s valuation drops from his $2.53 trillion to his current $1.844 trillion As a result, he is currently in third place. Google or Alphabet has a market capitalization of approximately $1.98 trillion, falling from 5th place 395 days ago on November 9, 2021 to $1.213 trillion on December 9, 2022. Silver’s position on the top 10 list rose from 7th to 5th, while the precious metal’s market capitalization fell from $1.38 trillion to today’s $1.316 trillion.
What are your thoughts on Bitcoin’s fall from the top 10 most valuable assets and companies in the world to number 26? Let’s discuss this in the comments section below. Please let us know what you think.
Image Credits: Shutterstock, Pixabay, Wiki Commons; Editorial Photo Credits: companiesmarketcap.com