Bitcoin has been pushed out of the global top 10 assets ranking after the impact of large leveraged liquidations, Cointelegraph reported on Jan. 30 local time.
After a recent sharp drop, Bitcoin posted a market capitalisation of about $1.65 trillion and slipped to 11th in the asset rankings. By contrast, Saudi Aramco and TSMC re-entered the top 10 assets.
Some interpretations say the decline is a signal pointing to the possibility of a prolonged downtrend. In October last year, Bitcoin surged to $126,000 and recorded a market capitalisation of $2.5 trillion, but has been falling since then.
Some also say market uncertainty grew further after President Donald Trump nominated Kevin Warsh as Federal Reserve chair. Warsh is expected to begin his term from May 2026 after Senate confirmation.
Chi-kyu Hwang
delight@d-today.co.kr