Bitcoin has overtaken Tesla and Samsung in market capitalization, reaching a valuation of $1.615 trillion according to CompaniesMarketCap. The Bitcoin price hit a high of $81,914 on Saturday, before pulling back to around $80,762 at the time of writing. Investor enthusiasm was driven by a favorable SEC decision regarding tokens representing U.S. stocks, as well as market resilience in the face of the Fed’s rate hike. The Clarity Act received only 49 votes in the U.S. Senate, far short of the 60 required for passage.
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