Bitcoin back to 15th-largest market cap following fall to 26th in 2022

Bitcoin (BTC) holds the 15th-largest market cap with $441.53 billion as of Jan. 23, which reflects a significant climb from its ranking as 26th on Dec. 23, 2022.

BTC climbs back up the rankings

BTC’s market cap recorded a 35.9% growth from the $324.68 billion recorded on Dec. 23, 2022. At the time, Mastercard was just above BTC with $328.35 billion, while Tesla held the 13th largest market cap with $395.82 billion.

Current numbers show that BTC’s market cap has surpassed both Mastercard’s and Tesla’s. Mastercard increased its ranking from 25 to 23 by growing its market cap by 10% to reach $361.77 billion. Tesla’s market cap, on the other hand, only increased by 6%, which led Tesla to fall from 13 to 18 in ranking.

ETH is up $50B market cap

Ethereum (ETH) also climbed the market cap rankings up roughly $50 billion since Dec. 23, 2022. ETH held a $147.60 billion market cap on Dec. 23, 2022 — placing it in 77th. ETH’s current market cap is $197.48 billion, which reflects a 33.7% growth and ranks ETH in 56th place.

Journalist at CryptoSlate

Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.