Bitcoin has fallen out of the top 10 largest assets by market cap, now ranking 11th globally at around $1.65 trillion. Gold has surged to the top spot following a record-breaking rally. Bitcoin’s recent sell-off has reignited concerns of a prolonged bear market.

Bitcoin’s market cap peaked at $2.5 trillion in October, with the latest sell-off driven by $1.6 billion in long liquidations. Concerns grow over the potential for a prolonged bear market as prices rapidly fell below $82,000.

Bitcoin’s market volatility coincides with speculation surrounding the potential appointment of a new Federal Reserve Chair. Despite uncertain macroeconomic conditions, Bitcoin has underperformed other assets, including equities and gold.

A recent analysis suggests that a sustained market rebound in 2026 may depend on factors like expanded ETF mandates and increased inflows into Bitcoin and Ether. These inflows are crucial for generating a wealth effect that could benefit the broader crypto market.

Read more at CoinTelegraph: Bitcoin Loses Ground in Global Asset Rankings After Violent Selloff