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Bitcoin has fallen to 15th place in global market cap rankings after SpaceX's IPO pushed its valuation to new highs.
But this isn't really a Bitcoin story.
It's a reminder that capital is increasingly flowing toward infrastructure assets.
• $XAU remains #1 at $29.5T
• $NVIDIA sits above $4T
• $SPCX reached $1.76T
• $BTC stands at $1.27T
The market is placing massive premiums on networks, platforms, and infrastructure that could shape the next decade.
Bitcoin may have slipped in the rankings.
The bigger question is whether it continues evolving from a speculative asset into global financial infrastructure.
That's what markets are still trying to price.
$BTC