Bitcoin Surpasses Tesla as Crypto Rebound Lifts Dogecoin

  • Bitcoin's market capitalization reached approximately $1.635 trillion, surpassing Tesla's $1.438 trillion valuation and ranking 13th among global assets.
  • Bitcoin rebounded from roughly $76,000 to above $81,000, while Ethereum recovered to around $2,600 and Dogecoin rose nearly 4% to $0.088.
  • The rebound occurred alongside higher Treasury yields and new U.S. filings for tokenized equities and stock perpetuals following the SEC's Innovation Exemption.

Bitcoin's market capitalization reached approximately $1.635 trillion on Sept. 19, placing it 13th among global assets and about $197 billion above Tesla's $1.438 trillion valuation. Bitcoin rebounded from roughly $76,000 to above $81,000, with cited readings showing gains of about 5% to 5.9%, while Ethereum recovered to around $2,600 and Dogecoin rose nearly 4% to $0.088. The move came as U.S. equities traded mixed and Treasury yields rose, with the 2-year yield reaching 4.74% and the 10-year yield briefly exceeding 5%; oil remained above $100 after the Federal Reserve raised rates to 3.75%-4%. BTC held around $80,000-$81,000 over the weekend, with $82,000-$83,000 identified as the next resistance area. Dogecoin cofounder Billy Markus posted "We're So Back?" on X without explaining it. The SEC's five-year Innovation Exemption also prompted filings for tokenized equities and single-stock perpetuals, which remained under review.

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