From Investing.com: 2025-05-26 06:56:00

Credit markets are expecting the US credit rating to be cut by six levels, and we see the world’s most expensive Papa John’s pizzas. Each week, our team takes you through the last seven days in seven charts.

1. Bitcoin Is Now the 5th Largest Asset by Market Cap
Bitcoin has surpassed $110,000, making it the fifth most valuable asset globally by market capitalisation, overtaking tech giants Alphabet and Amazon. Apple remains the next asset above it in rankings.

2. Time to Update the Price of the (In)famous Pizzas…
15 years ago, Laszlo Hanyecz used 10,000 bitcoins to buy two Papa John’s pizzas. Today, the value of those pizzas would exceed $1.07 billion.

3. Market Concentration BUBBLE Has Risen Once Again
The 10 largest stocks now make up 37% of the total market capitalisation of the market, 10 percentage points higher than the Dot-Com Bubble peak.

4. Credit Markets Are Currently Pricing 6 Notches Of Downgrades For US Sovereign Credit Rating
Credit default swap pricing suggests a potential downgrade of the US sovereign credit rating by six notches to BBB+, just above the investment-grade threshold.

5. How Losses Compound
A chart illustrates the percentage gains needed to recover from various levels of losses.

6. Gold at the Highest Level Versus US Equities in 12 Years
The ratio of gold’s market capitalisation to US equities has reached its highest point in 12 years, prompting questions about potential shifts in financial markets.

7. The Bank of Japan Owns a Whopping 52% of Its Domestic Government Bond Market
The Bank of Japan holds 52% of its domestic government bond market, raising questions about the future of US Treasuries.



Read more at Investing.com: Bitcoin Surpasses Amazon and Alphabet to Become World’s 5th Largest Asset