Over the past year, bitcoin’s market capitalization has slipped from 8th to 26th place among the world’s most valuable assets

Since then, bitcoin’s value has fallen by 75 percent against the U.S. dollar and the market capitalization of the leading crypto asset has dropped to 26th among the world’s most valuable assets and companies.

Bitcoin’s market capitalization is just below Chevron’s and just above Home Depot’s.

Just over a year ago, in November 2021, bitcoin’s value was the eighth largest market capitalization among a myriad of companies and assets traded around the world. At that time, on November 9, 2021 the market valuation of BTC was $1.289 trillion, with each unit trading for just over $68,000.

Today, BTC’s market capitalization is below the global valuation of precious silver metal, which stood at $1.38 trillion on November 9, 2021. The leading crypto asset is just above the market valuation of Tesla, which stood at $1,167 billion 395 days ago. In addition, ethereum was in the top 20 positions of assets ranked by market capitalization as ETH held the 15th largest market capitalization on November 9, 2021.

At the time, Ethereum’s market valuation was about $570.45 billion, while ether traded for $4,839. Ethereum’s market capitalization was lower than that of Tencent, which had a market valuation of about $588.07 billion. The market capitalization of the second-largest crypto asset was higher than JPMorgan Chase’s valuation, which was $499.61 billion 395 days ago.

Today, December 9, 2022, the two major crypto assets BTC and ETH have much lower valuations than a year ago. Bitcoin is not represented in the top 10 assets ranked by market capitalization, as it is now in the top 30 and ranks 26th. BTC’s market capitalization of $331.76 billion is now just below Chevron’s market capitalization of approximately $335.56 billion.

In addition, bitcoin’s market cap is just above Home Depot’s overall market valuation, which is valued at $330.30 billion as of Dec. 9. Ethereum has slipped a lot from the 15th position to 72nd, with a market cap of about $155.25 billion. Ether’s market capitalization is below United Parcel Service’s (UPS) $155.36 billion, and it is just above Adobe’s valuation ($154.61 billion).

Ethereum’s current price is about 73.7% lower than it was 395 days ago on November 9, 2021. While BTC and ETH have seen their market caps fall over the past year, the same can be said for many different assets and companies. Some assets, such as the overall gold market valuation, have conversely seen increases over the past 12 months. The capitalization of gold in November 2021 was about $11.605 trillion, and today it is worth $11.910 trillion.

Microsoft was the second largest asset a year ago, but is now in third place as Microsoft’s valuation has dropped from $2.53 trillion to $1.844 trillion today. Google or Alphabet’s market capitalization was about $1.98 trillion and was in fifth position 395 days ago on November 9, 2021, and on December 9, 2022, it fell to $1.213 trillion. Silver’s position in the top ten list has dropped from seventh to fifth, but the precious metal’s market capitalization has still dropped from $1.38 trillion to $1.316 trillion today.