Bitcoin fell out of the world's ten largest assets by market value after a sharp reversal this week. With prices hovering near $83,000, Bitcoin's market capitalization has dropped to around $1.65 trillion. This places it at eleventh globally, behind Saudi Aramco and Taiwan Semiconductor Manufacturing Co.
The move highlights how fragile recent price action has been for crypto. Markets are still absorbing the impact of the largest forced liquidation in the industry's history, which continues to weigh on sentiment and capital flows.
Investors will be watching whether Bitcoin can stabilize above current levels. Attention is now on broader risk markets and onchain data for signs of renewed demand or further downside.