Bitcoin falls out of global top 10 assets by market capitalization, below Elon Musk's Tesla

Bitcoin’s market capitalization is now around $1.57 trillion, making it the 13th-largest asset by this metric, behind Saudi Aramco and Tesla stock. The move came after its price dropped sharply from around $90,000 to $78,500, a loss of more than 11% over the last 7-day period. The recent price decline comes amid geopolitical tension, a breakdown in the precious metals rally, the nomination of a "Hawkish" next Federal Reserve chair and a partial government shutdown. Bitcoin falling out of the top 10 asse ...