BTC market cap falls to 12th in global asset rankings

Bitcoin's market capitalization has dropped three places to 12th in global asset rankings, now standing at $1.64 trillion, according to data from 8marketcap. Cointelegraph noted that the cryptocurrency has been pushed out of the top 10 global assets amid a large-scale sell-off. The media outlet added that the data illustrates the significant price volatility Bitcoin has experienced in recent months.