Bitcoin
Bitcoin (BTC)
$39,498.00 0.82269
Bitcoin price
Ethereum
Ethereum (ETH)
$2,161.51 0.44721
Ethereum price
BNB
BNB (BNB)
$226.91 -0.93077
BNB price
Solana
Solana (SOL)
$62.44 0.0956
Solana price
XRP
XRP (XRP)
$0.6185160 0.23446
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000088 4.07875
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 3.41319
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000111980 -0.24305
El Hippo price
Bitcoin
Bitcoin (BTC)
$39,498.00 0.82269
Bitcoin price
Ethereum
Ethereum (ETH)
$2,161.51 0.44721
Ethereum price
BNB
BNB (BNB)
$226.91 -0.93077
BNB price
Solana
Solana (SOL)
$62.44 0.0956
Solana price
XRP
XRP (XRP)
$0.6185160 0.23446
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000088 4.07875
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 3.41319
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000111980 -0.24305
El Hippo price
Bitcoin
Bitcoin (BTC)
$39,498.00 0.82269
Bitcoin price
Ethereum
Ethereum (ETH)
$2,161.51 0.44721
Ethereum price
BNB
BNB (BNB)
$226.91 -0.93077
BNB price
Solana
Solana (SOL)
$62.44 0.0956
Solana price
XRP
XRP (XRP)
$0.6185160 0.23446
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000088 4.07875
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 3.41319
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000111980 -0.24305
El Hippo price
Bitcoin
Bitcoin (BTC)
$39,498.00 0.82269
Bitcoin price
Ethereum
Ethereum (ETH)
$2,161.51 0.44721
Ethereum price
BNB
BNB (BNB)
$226.91 -0.93077
BNB price
Solana
Solana (SOL)
$62.44 0.0956
Solana price
XRP
XRP (XRP)
$0.6185160 0.23446
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000088 4.07875
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 3.41319
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000111980 -0.24305
El Hippo price

Bitcoin holds strong with higher market cap than Tesla despite bear market

bitcoin-holds-strong-with-higher-market-cap-than-tesla-despite-bear-market
Edited by
News
Bitcoin holds strong with higher market cap than Tesla despite bear market

Bitcoin has maintained a higher market capitalization than electric vehicle powerhouse Tesla, despite about 50% below its all-time high.

Bitcoin is currently valued at $669.75 billion, significantly higher when compared to Tesla’s market cap of $630.83 billion. This is noteworthy given that Bitcoin is trading around $34,500, far from its historic peak of nearly $67,000 in November 2021.

For more context, Bitcoin is also worth more than the valuations of biotechnology giant Eli Lilly at $525.84 billion and payments behemoth Visa at $496.38. Even world’s leading microchip manufacturer Taiwan Semiconductor Manufacturing Company (TSMC) has a lower valuation at $447.63 billion.

Since hitting the aforementioned all-time high, Bitcoin has been in an extended bear market. It started the year at under $17,000 before rebounding. However, many investors remain cautious, fearing the recent gains could be just a bull trap setting up for another decline.

In the last 24 hours, Bitcoin’s price has been relatively flat, inching up only 0.16%. Compared to a week ago, it has dipped 0.11%, underscoring the sideways trading action typical of an indecisive market.

While volatility persists, Bitcoin maintaining such a high valuation during an extended downturn might either signal that it continues maturing as a store of value or that there is a bubble valuing it more than those companies.

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