{"id":175875,"date":"2023-10-17T19:12:48","date_gmt":"2023-10-17T13:42:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175875"},"modified":"2023-10-17T19:12:48","modified_gmt":"2023-10-17T13:42:48","slug":"bitcoin-stakes-claim-as-13th-largest-asset-by-market-cap-nearing-half-of-silver-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-stakes-claim-as-13th-largest-asset-by-market-cap-nearing-half-of-silver-crypto-news\/","title":{"rendered":"Bitcoin stakes claim as 13th largest asset by market cap, nearing half of Silver – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

Bitcoin has staked its claim as the 13th largest asset by market cap, evaluated at $555 billion<\/a>. This places it snugly between Visa, the 14th largest asset with a market capitalization of $499 billion, and Eli Lilly, standing at 12th with a market cap of $585 billion. Notably, yesterday, on Oct. 16, Bitcoin\u2019s market cap briefly spiked to $572 billion.<\/p>\n

Assets by market cap: (Source: companiesmarketcap.com)<\/figcaption><\/figure>\n

In comparison with Silver, whose market cap currently stands at $1.284 trillion, making it the seventh-largest asset, Bitcoin\u2019s market cap is approximately 45% of Silver. This comparison substantiates the growing financial weight of Bitcoin in the global asset arena.<\/p>\n

Furthermore, the insight into Bitcoin\u2019s dominance within the cryptocurrency market is noteworthy. Currently hovering just below 52%, almost tying its year-to-date high, the Bitcoin dominance percentage validates its continued strength in the crypto market. Intriguingly, this dominance level mirrors that seen in late June, despite Bitcoin\u2019s price being a few thousand dollars less now.<\/p>\n<\/p>\n

\"BTC
BTC Market Cap, Dominance and Price: (Source: Trading View)<\/figcaption><\/figure>\n

The post Bitcoin stakes claim as 13th largest asset by market cap, nearing half of Silver<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take Bitcoin has staked its claim as the 13th largest asset by market cap, evaluated at $555 billion. This places it snugly between Visa, the 14th largest asset with a market capitalization of $499 billion, and Eli Lilly, standing at 12th with a market cap of $585 billion. Notably, yesterday, on Oct. 16, Bitcoin\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":175876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-175875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175875"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175875\/revisions"}],"predecessor-version":[{"id":175877,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175875\/revisions\/175877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175876"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}