- Bitcoin ranked 15th globally, with its market cap hovering near $1.275 trillion.
- Tech giants and SpaceX’s valuation kept pressure on Bitcoin’s global asset rank.
- ETF outflows and tightening price action kept Bitcoin near a breakout point.
Bitcoin fell to 15th place among global assets as technology stocks and new listings dominated the market-cap leaderboard. CompaniesMarketCap data placed the asset below Samsung, Meta, Tesla, Saudi Aramco, and SpaceX.
The move came as BTC traded around $63,500, with a market value of about $1.275 trillion. The ranking showed a clear shift in investor focus toward AI, chips, and large public listings.
Bitcoin Falls Behind Tech Giants in Global Asset Rankings
Gold remained the largest global asset with a market value above $29 trillion, far ahead of every company and cryptocurrency. NVIDIA ranked second at about $4.96 trillion, while Alphabet, Apple, and Silver also stayed well above Bitcoin.
The latest rankings also highlighted the gap between Bitcoin and the world’s largest assets. NVIDIA’s market capitalization was nearly four times larger than Bitcoin’s, reflecting continued investor demand for AI-related equities.
Bitcoin also lost ground to newly listed SpaceX, which debuted with a valuation of approximately $1.77 trillion after a record $75 billion IPO priced at $135 per share. The valuation placed SpaceX ahead of Bitcoin’s $1.27 trillion market capitalization, further pushing the cryptocurrency down the global asset rankings.
While the ranking shift reflects Bitcoin’s relative underperformance against large-cap equities, traders are now watching whether the cryptocurrency can regain momentum in the near term.
Bitcoin Consolidates Within Symmetrical Triangle
Market analyst Ali Charts said Bitcoin was consolidating within a symmetrical triangle, with key resistance near $63,000 and support around $61,000. According to him, a decisive hourly close outside that range could trigger a 10% move as momentum expands.
The setup showed lower highs and higher lows, pointing to tightening momentum. A break above $63,000 would return attention to the $64,800 to $66,000 zone. However, a move below $61,000 would weaken the structure and expose the market to $60,000 or lower.
ETF flows remained another pressure point for Bitcoin. Spot Bitcoin ETFs posted $19.03 million in net outflows on June 11, marking a fifth straight day of withdrawals.
Spot Ethereum ETFs also recorded $15.89 million in net outflows, their third consecutive negative day. While the latest Bitcoin ETF withdrawal was relatively modest, it continued to reflect cautious institutional sentiment.
Related: Analyst Predicts Bitcoin Drop Below $55K Before Rally to $150K
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