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Bitcoin's market cap ranking plummets to tenth in the world, losing over 10% in a single day
[BlockBeats] On November 21, Bitcoin experienced a significant drop in its global asset ranking.
Latest data shows that BTC’s market cap has fallen to 10th place globally, surpassed by both the Vanguard Total Market ETF and Saudi Aramco. Currently, Bitcoin’s total market cap has dropped to $1.652 trillion, plunging more than 10% in 24 hours.
This rapid downturn caught many off guard. The speed at which the market cap evaporated directly reflects the intense volatility in current market sentiment. Dropping from the top ranks to tenth place, this decline is indeed severe.
This round of corrections in the crypto market has been fierce, and investors need to reassess their risk exposure.