Bitcoin’s market cap drops to $1.32 trillion, displacing it from the top 10 as AI infrastructure firms dominate valuations.
Bitcoin’s market capitalization has declined to approximately $1.32 trillion, pushing it to 14th place among global assets after a 24% year-to-date drop. Broadcom replaced BTC in the top 10, reflecting a shift toward AI-driven companies.
AI infrastructure firms now account for roughly 70% of the top 10 global assets by market value. Investors are rotating capital away from Bitcoin’s scarcity narrative toward companies like Nvidia, which benefit from strong data center demand and measurable cash flows.
Bitcoin’s volatility continues to challenge its classification as a macro asset. Its fluctuating position in global rankings raises questions about its role as either a digital store of value or a high-beta financial instrument.