Bitcoin Falls to No. 17 in Global Asset Rankings After 7.76% Drop

Bitcoin (BTC) dropped to 17th among the world’s largest assets after its market value fell below those of Eli Lilly & Co. and the Vanguard S&P 500 ETF, moving it outside the ranking’s top 15. BTC’s market capitalization was about $1.26 trillion, and its value declined 7.76% over the prior 24 hours. The ranking places Bitcoin two positions below the top-15 cutoff, following a one-day move in the asset’s value. That comparison spans different types of assets. Eli Lilly is a pharmaceutical company, while the Vanguard S&P 500 ETF is a fund.