DeFi News Official Today TheBitTimes.com

Over the years of its existence, an array of firms entered the cryptocurrency market. The industry soon went from being associated with the dark web to the balance sheets of top companies across the globe. This shift was further fueled by governments endorsing Bitcoin (BTC). As Elon Musk joined Donald Trump in the US government, the community was expecting a more amicable stance towards cryptocurrencies in the country. Amidst this, the community was keen on witnessing the changes in Tesla’s BTC holdings. Also Read: Ripple and Cardano Alliance Imminent – Will U.S. Gov Fuel Crypto Surge? Tesla’s Bitcoin Stash Remains Steady Source: The Independent According to Tesla’s Q4 2024 financial report, which was made public on January 29, the company’s Bitcoin assets are currently valued at more than $1 billion. Compared to the previously stated $184 million, this is a significant increase. Bitcoin Treasuries reports that the corporation presently owns 9,720 BTC which was v...

Bitcoin’s (BTC) rapid ascent continues, marking yet another milestone in its remarkable financial journey. The leading cryptocurrency has now become the seventh-largest asset globally, boasting a market capitalization exceeding $1.8 trillion. This meteoric rise positions Bitcoin at exactly half the market value of Nvidia (NASDAQ: NVDA), the world’s largest public company by market capitalization of $3.60 trillion. Notably, Bitcoin has recently overtaken giants like Saudi Aramco, the largest oil company in the world, and silver.  Top Assets by Market Cap. Source: CompaniesMarketCap / Finbold Bitcoin’s surge fueled by election outcomes and institutional inflows Since Election Day, Bitcoin has experienced unprecedented inflows, with investors pouring into the market at record levels. Interestingly, the cryptocurrency also outpaced the combined market caps of Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX). In the past week alone, Bitcoin has see...