$92,810.00
5.36%$1,784.40
13.16%$2.22
6.59%$613.31
2.43%$148.37
6.44%$0.999941
0.00%$0.180606
12.79%$0.688393
10.52%$0.247866
0.77%$1,782.90
13.09%$92,838.00
5.52%$22.24
11.83%$14.28
8.63%$2.75
23.24%$9.06
-0.85%$0.266919
7.36%$0.00001373
10.89%$3.10
6.46%$2,148.99
13.71%$0.181227
6.47%$0.999854
0.00%$354.81
2.58%$84.37
7.22%$18.83
2.08%$4.04
7.61%$4.62
3.80%$1.00
-0.00%$1,786.45
13.39%$0.999309
-0.03%$0.649557
2.72%$227.09
5.36%$28.41
0.47%$1,901.95
13.36%$0.00000907
14.05%$92,818.00
5.42%$5.89
12.03%$5.25
7.82%$52.26
2.81%$23.87
3.91%$2.42
10.61%$0.920235
7.49%$331.83
4.75%$5.16
8.54%$32.80
0.14%$16.85
8.34%$0.097337
11.13%$1.049
-0.03%$0.090736
10.57%$1.00
0.00%$162.00
13.36%$0.696263
5.53%$4.49
2.07%$0.02569703
9.74%$1.17
0.13%$4.35
7.53%$92,501.00
5.26%$0.2193
9.45%$0.338472
17.70%$9.25
10.27%$0.212966
10.79%$4.23
0.07%$2.72
5.13%$2.81
8.70%$0.638859
7.00%$0.51877
11.26%$0.999499
0.16%$0.327271
9.82%$4.09
4.42%$92,539.00
5.21%$10.28
5.05%$0.442651
10.07%$1,484.25
10.64%$0.751509
7.74%$155.16
6.41%$0.809199
6.38%$0.00001567
25.23%$0.076213
5.91%$1.16
14.26%$0.613101
30.53%$0.857203
11.74%$1.095
5.50%$1,782.85
12.99%$0.01658365
2.60%$1,868.20
13.82%$70.10
5.33%$0.671248
5.49%$3.75
3.57%$0.190931
8.37%$1.00
-0.07%$9.38
9.52%$0.687911
14.30%$15.65
7.69%$0.999853
-0.05%$0.090467
9.05%$2,010.88
13.27%$0.999837
-0.03%$3,359.74
-4.05%$1.00
0.03%$91,569.00
5.60%$612.96
2.34%$3,361.87
-3.98%$2.64
13.31%$0.01560194
9.73%$0.01701931
7.92%$190.89
6.52%$92,761.00
5.40%$163.59
6.34%$0.29712
9.15%$0.800591
12.97%$0.189007
11.35%$1,897.30
13.10%$0.689782
10.50%$3.80
9.61%$0.117281
5.70%$0.997739
-0.00%$0.00006912
19.18%$0.667733
1.98%$0.00000064
4.86%$0.999004
-0.03%$0.500322
21.27%$93,013.00
5.80%$0.393007
5.56%$0.01857548
8.46%$30.81
6.11%$2.05
5.88%$1.88
10.57%$1.11
1.39%$0.241594
7.15%$0.30936
0.76%$0.00617302
11.85%$3.50
6.58%$1,867.54
13.32%$16.95
13.69%$0.538773
6.48%$0.152501
8.17%$0.541682
27.11%$0.553619
6.26%$32.71
5.48%$0.207531
125.23%$0.551458
24.82%$0.00884289
4.85%$0.999299
0.00%$0.642169
8.74%$0.748327
30.76%$89,924.00
4.27%$0.444896
7.77%$0.067082
-2.39%$1.74
8.43%$92,665.00
5.37%$0.999991
0.01%$0.18053
12.77%$1.31
6.77%$0.04596122
31.40%$0.99999
0.01%$88,321.00
0.00%$0.00695317
37.91%$1,798.23
9.23%$0.00002199
6.73%$1,784.88
13.34%$15.34
9.23%$0.00000043
0.62%$110.78
0.01%$0.146381
8.51%$2.02
1.66%$92,643.00
5.39%$5.92
7.68%$3.79
8.45%$6.31
12.46%$1.005
0.50%$1.084
-0.00%$2.52
10.95%$0.501704
8.16%$0.34056
22.09%$0.077065
7.41%$1,783.93
13.21%$0.04042365
9.29%$43.07
8.75%$1,783.17
12.97%$0.475486
19.57%$0.221246
10.55%$0.082807
7.18%$1,897.72
13.34%$0.00703619
10.59%$1,783.35
12.96%$0.999878
0.04%$1.00
0.00%$0.576817
11.70%$21.81
-0.16%$1.00
-0.15%$0.00414686
-2.22%$0.174159
1.14%$0.834128
8.38%$0.353962
37.34%$0.00006343
4.62%$0.01732383
0.98%$0.1243
3.83%$1,818.38
14.26%$0.999308
-0.02%$0.999937
0.03%$0.03177154
1.80%$0.325002
6.77%$0.00000148
17.45%$2.69
10.02%$92,687.00
5.42%$3.71
8.12%$114.62
9.74%$0.999286
-0.09%$0.647963
17.75%$0.140948
0.93%$0.236475
9.20%$1.16
5.10%$25.97
5.93%$1,761.96
13.11%$0.28639
27.31%$0.636641
9.34%$91,750.00
3.92%$0.999231
-0.06%$0.661823
-8.56%$22.39
7.54%$0.27293
4.97%$3,187.04
-0.00%$1,891.74
13.66%$2.78
1.75%$0.188145
7.85%$1,782.59
13.04%$0.112827
6.29%$0.511595
7.47%$0.00042306
0.76%$0.03677353
3.43%$0.00286335
12.38%$22.20
11.90%$0.01272969
7.97%$1,862.64
5.24%$0.444244
6.01%$0.02916079
4.75%$0.945111
14.83%$0.72304
8.11%$1.03
11.23%$14.86
6.56%$2.92
13.43%$1,954.55
13.19%$0.99985
-0.04%$0.999312
-0.07%$0.00342408
48.45%$1,941.74
13.34%$2.22
4.08%$93,024.00
6.21%$0.00
10.72%Reading
Cryptocurrency tracking and data site CoinMarketCap has listed a Tesla Model 3, the world’s best selling electric vehicle, above Bitcoin on its site today, a commemorative gesture to celebrate Tesla’s mammoth Bitcoin purchase.
As per the image below, the Model 3 “token” sells for $37,990 (the actual price of the car) with a market cap of $24 billion and a circulating supply of 902,895.
But don’t rush to buy the token just yet: It does not exist. The Model 3 listing has been put up as part of CoinMarketCap’s ‘Untracked Listing’ criteria—defined as an asset/product that may not be listed on the open market but shows crypto adoption, community engagement, innovation, among other factors to signify its importance to the broader crypto ecosystem.
So while the top-ranked cryptocurrency is not a Model 3, an electric sedan produced by Tesla, CoinMarketCap pays homage to what is one of the largest-ever purchases of Bitcoin by a prominent enterprise.
As per a recent filing to the US Securities and Exchange Commission, Tesla noted it picked up over $1.5 billion worth of the world’s biggest asset, stating that it sought new avenues for financial growth. It even said that buyers could use Bitcoin to buy Tesla products in the future—based on legal and regulatory guidelines.
Tesla has invested $1.5 billion into Bitcoin, according to an SEC filing today. "Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term," the filing said. The filing added that Tesla expects to begin accepting Bitcoin as payment for its products, including its cars, in the near future. Bitcoin's price has shot up on the news, rising from $39,000 to $43,000 at press time—breaking a new all-time high....
It joined various other businesses and individuals to invest in Bitcoin in the past year. The purchase is second only to American software maker MicroStrategy, which holds the biggest amount of Bitcoin—among all other traditional businesses—as part of its treasury. It purchased over a billion dollars in three phases last year, stating the purchase was a hedge against inflation and a superior alternative to a low-yield economic climate.
Tesla $TSLA has de-risked the acquisition of #bitcoin by public companies and accelerated the digital transformation of corporate balance sheets. Treasurers are now thinking about how to convert a non-performing asset into the best performing asset. https://t.co/7mO7z6WtQ4
— Michael Saylor (@michael_saylor) February 8, 2021
Meanwhile, CoinMarketCap previously commemorated “WallStreetBets,” a financial subreddit, last month in a similar setting. Members of the subreddit drove up the price of GameStop, an American videogame rental company by over 500% in a few weeks, likening the surge to be a move against the financial establishment—one that resonated with the ethos of Bitcoin and other cryptocurrencies.
Bitcoin isn’t the only cryptocurrency shining bright since the U.S. President Donald Trump slapped “reciprocal” tariffs on nearly every nation this month. Since Trump's Liberation Day on April 2, Solana and Bitcoin have outperformed other major cryptocurrencies, rising 14.5% to $145 and 7% to about $91,100, respectively, according to crypto data provider CoinGecko. Ethereum (-10%), XRP (-12%), and Dogecoin (-1%) have fallen. Solana and Bitcoin have buoyed the broader crypto sector, with the glo...
Bitcoin exchange-traded funds (ETFs) just notched their strongest single-day performance in nearly three months, with institutional money pouring back into the space after weeks of muted flows. On Monday, Bitcoin ETFs collectively recorded $381.3 million in net inflows, their largest daily total since January 30, as per data from UK-based investment management firm Farside Investors. The inflows mark a notable shift after weeks of lukewarm demand, driven by macro uncertainty and tightening liqui...
Coinbase’s Layer 2 network Base’s creator, Jesse Pollak, has defended the platform’s focus on creators, following backlash over an experimental content token drop. “If you are a creator or developer and you want to be the #1 priority, we would love to have you on Base,” Pollak tweeted Monday. Pollak was responding to Pump.fun co-founder Alon Cohen’s criticism, who tweeted Monday, “traders are easily the most important user group in crypto,” not creators or developers. “I love traders, but our...
