Bitcoin falls out of global top 10 assets by market capitalization after price dumps below $80,000

Ether also declined significantly, dropping to 56th place with a market cap just above $300 billion and losing 14.5% of its value. What to know : Bitcoin's market cap dropped to $1.62 trillion, ranking 12th among global assets, after losing over 9.3% of its value in a week and falling from its October peak of $126,000. Ether also declined significantly, dropping to 56th place with a market cap just above $300 billion and losing 14.5% of its value. The market downturn followed Trump's nomination of Kevin Warsh as Fed chair, which triggered a major U.S. dollar rally and caused significant drops in both cryptocurrency and precious metal markets.