Bitcoin ETF

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 <p class="is-style-lead">Bitcoin has maintained a <a rel="noopener noreferrer nofollow" title="higher" href="https://thebittimes.com/tag/higher.html">higher</a> <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization than electric vehicle powerhouse Tesla, despite about 50% below its all-time high.</p>
 <p>Bitcoin is currently valued at $669.75 billion, significantly <a rel="noopener noreferrer nofollow" title="higher" href="https://thebittimes.com/tag/higher.html">higher</a> when compared to Tesla’s <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> 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.</p>
 <p>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.</p>
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 <p>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.</p>
 <p>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 <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>.</p>
 <p>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.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bernstein predicted Bitcoin’s growth to $150k by 2025
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-holds-strong-with-higher-market-cap-than-tesla-despite-bear-market-tbt68715.html">https://thebittimes.com/bitcoin-holds-strong-with-higher-market-cap-than-tesla-despite-bear-market-tbt68715.html</a></p>

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

TheBitTimes

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