While bitcoin has lost more than 16% last month, the crypto’s market capitalization is still the tenth-largest asset by market valuation.
’s market capitalization among more than 13,000 cryptocurrencies is now over 44% of the $1.36 trillion crypto economy.is the number one leading crypto asset today in terms of market valuation, the crypto asset’s market cap makes it the tenth-largest in terms of all the major market capitalizations stemming from the likes of companies like Apple and Amazon, alongside precious metals like gold and silver.
Today, gold is the largest market capitalization among the 6,265 commodities and companies that make up $86.516 trillion in USD value. One ounce of fine gold today is exchanging hands for $1,848 per unit and it has an overall valuation of $11.737 trillion.metrics currently show bitcoin’s $603 billion market cap equates to 5.13% of gold’s overall market capitalization.
The second-largest asset is Saudi Aramco, which is worth $2.457 trillion and it eclipses the entire $1.36 trillion crypto economy. The third-largest global asset in terms of commodities and company shares is Apple with $2.406 trillion. While bitcoin equates to only 5% of gold’s net worth,Following Apple includes assets like Microsoft, Alphabet , Silver, Amazon, Tesla, and Berkshire Hathaway respectively.
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