Bitcoin Market Cap Drops Below Tech Giants and Commodities

Bitcoin's decline continues as its market capitalization drops to $1.46 trillion, ranking below major technology companies and commodities in global asset rankings.

The cryptocurrency's value has been affected by rising inflation, geopolitical tensions, and weakening investor sentiment.

Ki Young Ju, chief executive of CryptoQuant, predicts that the bear market could last until early 2027 based on an on-chain profitability model that tracks how long investor losses typically drag on once profit-taking begins to unwind.