Crypto: Liquidations Knock Bitcoin Out Of World’s Top 10 Assets 2026
A wave of leveraged liquidations erased hundreds of billions in value, reshuffling Bitcoin’s standing among the world’s largest investable assets.
Bitcoin’s sharp reversal this week has pushed it outside the world’s 10 largest assets by market capitalization, underscoring how difficult price action has been in recent months as markets continue to digest the cryptocurrency industry’s largest forced liquidation on record.
Hovering around $83,000 per coin, Bitcoin’s (BTC) market capitalization has slipped to about $1.65 trillion, ranking it 11th globally. That places it just behind Saudi Aramco, the state-run oil giant, and below Taiwan Semiconductor Manufacturing Co. (TSMC), according to market data trackers.
By contrast, gold has surged to the top spot by a wide margin following a record-breaking rally, cementing its position as the world’s largest asset. The gains have been accompanied by explosive growth in gold futures activity, a trend highlighted in recent data by cryptocurrency exchange MEXC.
Bitcoin’s market capitalization peaked at nearly $2.5 trillion in October, when prices briefly topped $126,000. The latest sell-off was driven by about $1.6 billion in long liquidations, as prices rapidly fell to below $82,000 from near $90,000.
The move has reignited concerns that the world’s largest cryptocurrency may be in the early stages of a prolonged bear market.
Related: Behind the ‘Bitcoin lottery’ myth: NiceHash clarifies untagged BTC blocks
Bitcoin’s violent sell-off added another layer of uncertainty to digital asset markets, unfolding amid speculation that US President Donald Trump was considering crypto-friendly Kevin Warsh to replace Federal Reserve Chair Jerome Powell.
Trump later confirmed Warsh’s nomination, formalizing what had earlier circulated as market speculation. Warsh needs Senate confirmation before he assumes the role of Fed leadership when Powell’s term expires in May.
Even so, Bitcoin has significantly underperformed other assets, lagging both risk-associated markets such as equities and traditional havens like gold, despite conditions that might otherwise be supportive, including a sharply weaker US dollar.
Source: CoinTelegraph
