The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Following weeks of sharp volatility, Bitcoin has lost its status as one of the top ten global assets by market capitalization amid an intense sell-off. According to reports, the cryptocurrency dropped to 13th place globally, trailing major assets such as gold, NVIDIA, and Apple. These losses coincided with more than 172,000 traders facing forced liquidations of their positions in a single day as the downward momentum accelerated.
This decline comes at a time when high-risk assets are facing increased pressure compared to mega-cap tech stocks, with NVIDIA's market cap currently at record levels exceeding $2.8 trillion per market data, while Bitcoin moves further away from its previous peaks. Analysts suggest that weakening demand for spot ETFs and geopolitical tensions have contributed to the erosion of the momentum that drove the currency to record highs earlier this year.
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Sign InLooking ahead, traders are monitoring key U.S. economic data that could dictate monetary policy direction, as data from May 28, 2026, showed U.S. GDP growth at 1.6%, missing the 2% forecast. Investors should watch for upcoming psychological support levels for the cryptocurrency, especially as global markets remain cautious and pending inflation data continues to impact overall risk appetite.