As of 2023, Bitcoin, as the world's first decentralized cryptocurrency, consistently ranks first in market capitalization within the cryptocurrency market. Bitcoin's market capitalization is typically denominated in US dollars, and its price is highly volatile; however, in the long term, its market capitalization dominates the cryptocurrency market. According to the latest data, Bitcoin's market capitalization exceeds 500 billion dollars, far surpassing other cryptocurrencies such as Ethereum and Binance Coin (BNB).

Bitcoin's market capitalization ranking not only reflects its leadership position in the cryptocurrency market but also demonstrates its widespread recognition as 'digital gold.' Bitcoin's scarcity (with a total supply cap of 21 million coins) and decentralized nature make it a favored asset among investors and institutions. Despite frequent market fluctuations, Bitcoin's market capitalization remains leading, becoming a barometer for the cryptocurrency market. Additionally, Bitcoin's market capitalization ranking is influenced by the global macroeconomic environment, regulatory policies, and technological developments. As more institutional investors and publicly listed companies incorporate Bitcoin into their asset allocation, Bitcoin's market capitalization is expected to continue growing, solidifying its leading position in the cryptocurrency market.