The leading cryptocurrency bitcoin (BTC) has experienced some tough weeks due to falling market prices. Exactly one month ago, the price of BTC in U.S. dollars was 16.4% higher, but the recent collapse in the stock market, the depreciation of LUNA and UST project Terra contributed to the fall of the crypto-asset.
Now bitcoin has resumed growth and has increased its share of the crypto market among more than 13,000 cryptocurrencies to 44.2% with a market capitalization of $603 billion.
In terms of this figure, BTC ranks tenth among companies such as Apple and Amazon, as well as the precious metals gold and silver.
Gold has the largest market capitalization among 6,265 commodities and companies today, with a total value of $86.516 trillion. One ounce of pure gold sells for $1,848 today, and the total valuation of the metal is $11.737 trillion. According to Companiesmarketcap.com, bitcoin’s market capitalization of $603 billion represents 5.13% of the total market capitalization of gold.
Second place in the ranking is the oil company Saudi Aramco, valued at $2.457 trillion. This figure eclipses the market capitalization of the entire crypto market with its $1.36 trillion. Third place among commodities and stocks companies is Apple with $2.406 trillion.
Apple is followed by Microsoft, Alphabet (Google), Silver, Amazon, Tesla and Berkshire Hathaway. Berkshire Hathaway sits above bitcoin (BTC) as it has a current market capitalization of $698.81 billion; accordingly, BTC is 86.28% of Berkshire Hathaway’s value. Bitcoin’s market capitalization was once much higher, once even surpassing Facebook’s market valuation.
In February 2022, according to marketcap.com, BTC ranked ninth on that list. After a recent drop, it shifted to the eleventh position, but recent gains have allowed it to regain the tenth position in the market capitalization ranking among 6,265 commodities and companies.