{"id":284088,"date":"2022-12-23T17:00:10","date_gmt":"2022-12-23T17:00:10","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=284088"},"modified":"2022-12-23T15:46:47","modified_gmt":"2022-12-23T15:46:47","slug":"bitcoin-closes-year-with-26th-largest-market-cap","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-closes-year-with-26th-largest-market-cap\/","title":{"rendered":"Bitcoin closes year with 26th largest market cap globally"},"content":{"rendered":"

Bitcoin (BTC<\/a>) heads into the Christmas period with the 26th largest<\/a> market cap at $324.68 billion, just below Mastercard with $328.35 billion.<\/p>\n

Ethereum (ETH<\/a>), on the other hand, ranks 77th on the list with a $147.60 billion market cap, while Tesla loses its place amongst the top 10 and places 13th with $395.82 billion.<\/p>\n

Ranking by market cap<\/h2>\n

Gold, Apple, and Saudi Aramco are the top three assets, with the largest market cap of $11.939 trillion, $2.103 trillion, and $1.819 trillion, respectively.<\/p>\n

Microsoft, Silver, Google, and Amazon follow as the fourth, fifth, sixth, and seventh with $1.775 trillion, $1.333 trillion, $1.137 trillion, and $854.80 billion market caps, respectively.<\/p>\n

Meta Platforms and Samsung, on the other hand, are ranked after BTC as 30th and 31st with $311.31 billion and a $304,89 billion market cap, accordingly.<\/p>\n

Gold and BTC<\/h2>\n

On Oct. 24, CryptoSlate<\/em> analysts revealed<\/a> that BTC and Gold had achieved an 85% correlation since over the past year. This finding indicated that these two assets increased and decreased at the same times and the same rates with 85% accuracy.<\/p>\n

On Nov. 4, the market data also showed<\/a> that BTC\u00a0 responded to the Fed's 0.75% interest rate hike even better than Gold or NASDAQ. Reacting to the increase, Gold fell by 0.68%, while NASDAQ sunk by 4.97%. BTC, on the other hand, increased by 0.55% during the same period, which suggests that BTC is a lot “safer as an asset than NASDAQ or Gold.<\/p>\n

The correlation between BTC and Gold was also noticed by the prominent names of crypto as well. Author of Bitcoin: The Future of Money?<\/em> Dominic Frisby suggested<\/a> purchasing BTC and Gold together to combat inflation, while ETH founder Buterin relies<\/a> only on BTC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) heads into the Christmas period with the 26th largest market cap at $324.68 billion, just below Mastercard with $328.35 billion. Ethereum (ETH), on the other hand, ranks 77th on the list with a $147.60 billion market cap, while Tesla loses its place amongst the top 10 and places 13th with $395.82 billion. Ranking […]<\/p>\n","protected":false},"author":1262,"featured_media":284126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,6849,77252],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nBitcoin closes year with 26th largest market cap globally<\/title>\n<meta name=\"description\" content=\"Ethereum ranked 77th, while Tesla loses its place in the top-10.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-closes-year-with-26th-largest-market-cap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin closes year with 26th largest market cap globally\" \/>\n<meta property=\"og:description\" content=\"Ethereum ranked 77th, while Tesla loses its place in the top-10.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-closes-year-with-26th-largest-market-cap\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-23T17:00:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-23T15:46:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/bitcoin-market-cap.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-closes-year-with-26th-largest-market-cap\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-closes-year-with-26th-largest-market-cap\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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