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

The ranking of Bitcoin's market capitalization not only reflects its leadership in the cryptocurrency market but also demonstrates its widespread recognition as 'digital gold.' Bitcoin's scarcity (with a total supply limit 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, serving as 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 allocations, its market capitalization is expected to continue growing, solidifying its leading position in the cryptocurrency market.