Bitcoin Overtakes Tesla in Market Value with $1.635 Trillion Valuation

Bitcoin's market capitalization has surpassed that of Tesla, reaching an estimated $1.635 trillion on September 19. This milestone marks a significant shift in global rankings, with Bitcoin now sitting at 13th place and Tesla at 14th.

The difference between the two valuations amounts to approximately $197 billion, or nearly 14%. Bitcoin's price was trading near $81,419, having gained about 4% during this market comparison. In contrast, Tesla shares slipped by around 0.5% to $364.27.

It is worth noting that the market capitalization of Bitcoin reflects its price multiplied by circulating supply, whereas Tesla's valuation is based on shares outstanding multiplied by stock price. This disparity in calculation can lead to differing speeds in valuation changes.