Bitcoin Market Cap Surpassed by SK hynix and Micron, Global Asset Market Cap Ranking Falls to 19th

BlockBeats News, June 19, according to Bitget data, SK Hynix's stock price rose by 6.22% today, with a market value reaching $1.31 trillion, ranking 17th in global asset market cap. In the U.S. stock market's Thursday close, Micron Technology rose by 8.7%, with a market value of $1.278 trillion.

Based on current market cap, both SK Hynix and Micron Technology's market values have surpassed Bitcoin ($1.261 trillion), causing Bitcoin's global asset market cap ranking to fall to 19th.

In August last year, Bitcoin's market cap once surpassed Google's parent company, Alphabet, entering the top 5 of global asset market cap. However, as the AI bull market continues to advance, the market capitalization of tech giants and semiconductor companies has rapidly expanded. Coupled with the crypto market entering a bear market, Bitcoin's market cap has been surpassed by several companies including Microsoft, Amazon, TSMC, Broadcom, Meta, among others.