Bitcoin has fallen out of the top 10 most valuable assets globally after a 6% decline in its value, now ranking eleventh with a market cap of $1.648 trillion. The cryptocurrency's price dropped from $90,000 at the start of the week to $81,000 by January 30, before slightly recovering to $82,000. This marks a significant decrease from its January 14 value of $97,000. The decline is attributed to a liquidity drop in US markets, as noted by former Bitmex CEO Arthur Hayes.
Meanwhile, Gold and Silver have solidified their positions as the top two assets by market cap, despite a recent correction that wiped out over $5 trillion. Gold's market cap stands at $35 trillion, with its price recently peaking at $5,500 per ounce before a slight pullback. Silver has also seen significant gains, with its market cap reaching $5.612 trillion, surpassing Nvidia. The Bitcoin Fear and Greed Index has dropped to 28, indicating a sentiment of fear among investors.
Bitcoin Drops Out of Top 10 Assets as Price Falls to $82,000
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