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Bitcoin Slides to 13th Place on the Global Asset Rankings as AI and Metals Run Higher
Bitcoin has lost more ground in the global asset rankings, dropping to 13th place after its price slipped to around $76,000 and its total market cap fell to roughly $1.5 trillion. The move reflects a year that has not gone the way many bitcoin holders were hoping, with the asset down 11% since January and nearly 30% over the past twelve months. What makes the slide more pointed is what has been going up while bitcoin drifted lower. Gold hit an all-time high of $5,600 per ounce back in January and, even after pulling back to around $4,486, it has held on to enough of those gains to stay well above bitcoin in the ... (full story)