Bitcoin falls out of the global top 10 assets by market capitalization after its price dips below $80,000.
TL;DR Ether declined sharply, dropping to 56th in market cap, which stayed just above $300 billion, after a 14.5% loss in value. The whole 9 yards of 💩 The Royal Flush reporting from the front lines of the crypto casino: Bitcoin has somehow fallen out of the global top 10 by market capitalization after prices dumped below 80,000. Yes, the granddaddy of digital money took a coffee break right when the leaderboard got bored and rearranged itself like a hacker-friendly Jenga tower. If you blinked, you missed the part where the price squeaks past a round-number and the entire market cap universe re-calculates who’s “in” and who’s just along for the ride. Spoiler: it’s not a death spiral, it’s a rebalancing act with a very loud soundtrack. Ether didn’t just stand there sipping tea during this chaos. It also declined significantly, dropping to 56th place with a market cap just above $300 billion and taking a 14.5% haircut in value. If you were hoping for a calm afternoon in the land ...