Bitcoin drops to 13th largest asset as capital flees to AI and precious metals

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin drops to 13th largest asset as capital flees to AI and precious metals Bitcoin’s weak 2026 performance has coincided with sharp gains in metals and semiconductor giants, raising concerns that the cryptocurrency could continue losing ground. By James Van Straten | Edited by Jamie Crawley May 27, 2026, 9:12 a.m. 1 min read Make preferred on Semiconductor (Unsplash) What to know : Bitcoin is down 11% year to date and nearly 30% over the past year, while metals and semiconductor stocks have posted major gains. Gold surged to a record $5,600 per ounce in January before easing back to around $4,486, while silver climbed as high as $120 per ounce and now trades near $76. TSMC and Broadcom have overtaken bitcoin in market capitalization, while Micron Technology recently crossed the $1 trillion valuation mark amid the ongoing AI and semiconductor driven rally. Bitcoin BTC $ 75,724.24 has fallen to 13th place among the world’s largest global assets after slipping to roughly $76,000, bringing its total market capitalization down to $1.5 trillion. BTC has struggled throughout 2026, falling 11% year to date and nearly 30% over the past 12 months, as investor capital has rotated into other high performing sectors. Precious metals were among the biggest beneficiaries during that period. Gold surged to a record $5,600 per ounce in January before easing back to around $4,486, while silver climbed as high as $120 per ounce and now trades near $76. The rally in metals pushed silver to become the world’s fifth largest asset by market capitalization, highlighting strong demand for traditional safe haven assets amid continued economic uncertainty. The ongoing boom in artificial intelligence (AI) and semiconductor stocks has significantly outpaced bitcoin’s performance. The so-called “Magnificent Seven” technology companies have continued to rally, with the Roundhill Magnificent Seven ETF gaining 33% over the past year. Semiconductor leaders such as Taiwan Semiconductor Manufacturing Company (TSMC) and Broadcom (AVGO) have both surpassed bitcoin in market capitalization, each now valued at around $2 trillion, ranking eighth and ninth globally. Micron Technology (MU) recently became the latest semiconductor company to cross the $1 trillion valuation threshold, while Samsung, valued near $1.3 trillion, now sits just behind bitcoin. Bitcoin News More For You Whale alert: Someone dumped $1.29 billion of BlackRock's bitcoin ETF in a dark pool trade By Omkar Godbole | Edited by Sheldon Reback 39 minutes ago The big sale happened amid a broader continued exodus from U.S.-listed spot bitcoin ETFs. What to know : An unknown investor executed a single $1.29 billion block sale of BlackRock’s IBIT bitcoin ETF in a dark pool on Tuesday, in what one analyst called the largest trade of its kind he has seen. The sale came amid a broader exodus from U.S.-listed spot bitcoin ETFs, which saw a... Read full story Latest Crypto News DeFi isn't safe anymore because AI is becoming 'superhuman' at hacking, security chief warns 28 minutes ago Whale alert: Someone dumped $1.29 billion of BlackRock's bitcoin ETF in a dark pool trade 39 minutes ago Crypto PACs spend $9 million in Texas and score wins in both parties 3 hours ago Bitcoin vs gold: BTC's three-month uptrend has snapped 3 hours ago XRP steadies near $1.32 as failed breakout keeps focus on narrowing trading range 4 hours ago Traders watch bitcoin 'golden cross' as BTC slides to near $75,000, ZEC dives 9% 4 hours ago Top Stories Coinbase’s Base launches AI tool for ChatGPT to manage crypto wallets and DeFi apps 17 hours ago XRPL could close its biggest DeFi gap if new AMM amendment passes 17 hours ago Strategy taps cash reserve to retire $1.5 billion in convertible debt 21 hours ago Bitmine made its largest ETH purchase this year despite Tom Lee's slowdown suggestion 19 hours ago Ondo Finance founder Nathan Allman dies unexpectedly May 26, 2026 In this article BTC BTC $ 75,724.24 ◢ 1.23 %