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As Tesla’s stock price soared, the EV maker has become more valuable than major traditional carmakers. Daimler was an early investor in Tesla but sold its nearly 10% stake six years ago. Toyota is another early Tesla backer that has seen its market cap dwarfed by the Elon Musk-led firm. Tesla (NASDAQ:TSLA) becoming
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Bitcoin broke above $10,000 and is trading well above the key level. Ethereum is up over 200% year
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Just in March, Tether (USDT) had a market cap of $5 billion, today it has already reached a $10 billion mark.Digital currency Tether (USDT) has hit a landmark market cap of $10 billion advancing the surge in altcoins. The positive stride has also helped position the ‘United States Dollar backed’
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Facebook seems to be the next to join the $1 trillion market cap club. Visa, Tesla, and Berkshire Hathaway are also strong contenders in the race.Despite the persisting coronavirus pandemic affecting most companies’ growth, some companies are close to joining the $1 trillion market cap club. Already, Apple Inc (NASDAQ:
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Decentralized Finance (DeFi) tokens continue to make drastic moves on the price charts, compensating for Bitcoin’s low volatility which has recently hit a three year high. Earlier today, Aave (LEND) and Synthetix Network (SNX) token briefly surpassed MakerDAO’s (MKR) token as each rallied to $0.375 and $4.09 respectively. The ‘flippening’ was
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The biggest pension fund in the world lost $164.7 billion in the first quarter of 2020. This is equivalent to the entire market capitalization for Bitcoin (BTC).Bitcoin didn’t do any betterJapan's Government Pension Investment Fund, or GPIF, decreased in value by almost 11% to 150.63 trillion yen or $1.4 trillion.
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USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization.On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the stablecoin was launched in October 2018. According to data from Coin360, the coin has
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The stock price of Tesla (TSLA) surpassed $1,200 in pre-market, achieving a market capitalization of over $220 billion. Now, the most valuable car company in the world is worth 30% more than the entire market cap of Bitcoin (BTC), the biggest and most popular cryptocurrency in the world. Tesla overtook Toyota
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The “realized cap” of Bitcoin (BTC), a statistic observed by on-chain market analysis platform Glassnode, has hit a new all-time high on June 19. It may indicate an overall increase in new investors in the cryptocurrency market in recent months.Glassnode said:“Bitcoin's Realized Cap has hit a new all time high.
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Ethereum continues to struggle with resistance at $250 that has held back the asset for much of the last two years of bear market.However, a crypto-focused investment fund manager is expecting that the asset’s best use case, decentralized finance, could help propel Etheruem to a $1 trillion market cap. This
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