Bitcoin Overtakes Tesla in Global Market Value Rankings
Bitcoin’s market capitalization has climbed to about $1.617 trillion, edging past Tesla’s $1.608 trillion valuation. With this move, Bitcoin rises to 12th place among the world’s largest assets by market value—another sign of its increasing importance in the global financial system.
The U.S. tokenized-asset market has jumped to $25 billion, doubling in value as major financial players ramp up involvement. With institutions like BlackRock supporting clearer regulatory frameworks, the trend signals rising institutional demand and a faster convergence between traditional finance and blockchain-based infrastructure. Binance graph (BTC/USDT, last 24h): $BTC BTC is $80,579.86, up about +1.13% in the last 24 hours (open $79,680.99, high $80,666.66, low $79,248.58).
The initiative urging the Swiss National Bank (SNB) to add $BTC Bitcoin to its reserves has been called off after organizers failed to gather the 100,000 signatures needed to force a referendum. The outcome shows how difficult it still is for cryptocurrencies to break into mainstream, central-bank-level adoption.
Binance graph (BTC/USDT, last 24h): BTC is currently $80,600.01, up about +1.21% over the last 24 hours (open $79,636.93, high $80,666.66, low $79,248.58). #USAdds115kJobs #usa $BTC #Binance
Stablecoin market cap hits a new record: $321B in April. The total $STABLE blecoin supply rose 1.6% during April, setting an all-time high of $321 billion and extending the market’s growth streak to three straight months. Tether (USDT) remains the clear leader, representing more than half of the total supply at roughly $190 billion.
Binance doesn’t provide a “total stablecoin market cap” chart as a spot symbol, but here’s a Binance spot chart showing stablecoin peg stability using USDC/USDT: