Bitcoin has fallen to 13th among global assets in terms of market capitalization after a sharp sell-off in the crypto markets.
Bitcoin (BTC) has fallen out of the top ten global assets in terms of market capitalization and now ranks 13th after a broad market sell-off.
The shift highlights a sharp reversal from July 2025, when Bitcoin’s rally past $119,000 put it ahead of silver and tech giant Alphabet.
A sharp turnaround in the ranking
Data from CompaniesMarketCap as of February 2, 2026, shows the market cap of the flagship cryptocurrency is approximately $1.55 trillion. This puts it behind assets like silver, worth about $4.62 trillion, and companies like Tesla and Broadcom.
The change is notable considering that Bitcoin’s market capitalization of approximately $2.35 trillion had secured the sixth position globally just over six months ago, surpassing both silver and Alphabet.
The current rankings are the result of a period of sustained pressure on cryptocurrency prices, alongside unusual volatility in traditional commodity markets. According to The Kobeissi Letter, Bitcoin’s price fell below $75,000 on February 2, a level not seen since April 2025.
Data from CoinGecko shows the asset is down more than 11% in seven days and more than 16% in two weeks. Ethereum has fallen even harder, dropping more than 21% in the past week and around 25% in 30 days, before sinking to position 66 in the overall market cap rankings.
Meanwhile, the broader crypto market saw its capitalization drop by around $500 billion since last Wednesday, while precious metals lost an estimated $10 trillion over the same period. Despite this, silver alone remains bigger than Bitcoin and all altcoins combined, especially after that post a significant reversal to $87 per ounce, after falling to the low $70s from a weekly high of $122.
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Implications of a sell-off on the broader market
The assets that now top Bitcoin are led by gold, which remains the most valuable non-real estate asset in the world with a market capitalization of about $33 trillion. Other notable leaders in the top ten include NVIDIA, Microsoft, Amazon and Saudi Aramco.
Silver’s current position in third place, with a valuation of $4.62 trillion, is especially telling about how fortunes have changed over the past six months. By mid-2025, a surge in BTC’s price allowed it to overtake the precious metal. Now, silver’s market capitalization is almost three times that of the cryptocurrency.
Alphabet, which was also surpassed by BTC, is currently the fourth most valuable asset at just over $4 trillion, followed by iPhone maker Apple with a valuation of $3.8 trillion.
The parallel sell-off indicates that the current volatility is not limited to cryptocurrencies, but is part of a broader market recalibration. The different recovery patterns between assets will be closely watched to see if capital turns back to cryptocurrencies or continues to favor traditional markets.
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