Bitcoin Market Cap Surges to $670B, Ranks Among Top US Stocks as Traders Eye Possible ETF Approval

Bitcoin's market cap now on par with Tesla at around $670B, would rank 9th amongst US-listed stocks

Bitcoin has surged nearly 20% in past week amid euphoria around expected regulatory approval of a spot BTC ETF

Bitcoin decoupling from tech stocks which are down over 10% from July highs despite strong earnings

Traders cautious ahead of FOMC meeting next week, which could halt BTC's upside momentum

Crypto market holding above $1.27T total cap despite equities sell-off, seen as possible safe haven play