Bitcoin jumps after Musk says Tesla could use it again

Bitcoin jumps after Musk says Tesla could use it again

Bitcoin jumps after Musk says Tesla could use it again     Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk’s views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. He later said the electric car maker would not accept…

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Elon Musk crashes Bitcoin further after seeming threat to dump coin

Bitcoin jumps after Musk says Tesla could use it again

Elon Musk crashes Bitcoin further after seeming threat to dump coin   Bitcoin took a 6.99 per cent drop to near $45,100 as at 11:00 p.m. WAT on Sunday evening after Tesla CEO Elon Musk did not clearly deny that his electric-car company has sold or could soon sell all of its bitcoin (BTC) holdings because of the criticism Musk has received after suspending the world’s largest cryptocurrency as a form of payment. “Indeed,” Musk tweeted at 7:42 p.m. WAT in a response to a tweet by Twitter handle @CryptoWhale, which said that “Bitcoiners…

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Why Tesla’s Reversal Is Good for Bitcoin

Why Tesla’s Reversal Is Good for Bitcoin

Why Tesla’s Reversal Is Good for Bitcoin   By Noelle Acheson, Director of Research for CoinDesk   Earlier this week, Tesla exacerbated an already nervous market mood with the announcement that it was no longer accepting the cryptocurrency as payment for its products. As usual, the crypto market focused on the immediate narrative: If Elon Musk says that bitcoin (BTC, -8.34%) is bad for the environment, other large investors will probably worry about public scrutiny and decide to sell, right? The expectations game, which consists of guessing what others think you’re thinking, then makes reducing positions the…

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Tesla loses more than quarter of a trillion in a month as rally fizzles

Tesla loses more than quarter of a trillion in a month as rally fizzles

Tesla loses more than quarter of a trillion in a month as rally fizzles   Shares of Tesla Inc closed lower for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $277 billion off the company’s market value over the last month. High-flying tech stocks, which powered the market’s rebound from the pandemic lows in March last year, have been hit by a one-two punch of rising yields and investors shifting funds to sectors poised to benefit from a recovery in the global…

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‘Unstoppable’ Bitcoin surges 11% over $43,000 on Tesla News

Bitcoin surges 11% over $43,000 on Tesla News

‘Unstoppable’ Bitcoin surges 11% over $43,000 on Tesla News   Bitcoin jumped to fresh record highs on today after U.S. electric car manufacturer Tesla announced its purchase of $1.5 billion of the cryptocurrency. The largest cryptocurrency surged at least 11 per cent to more than $43,000, surpassing the previous peak price of $41,962 reached Jan. 8, according to CoinDesk 20 data. Tesla, headed by Elon Musk, said in a U.S. Securities and Exchange Commission filing that the company has invested an aggregate $1.5 billion in bitcoin and is open to…

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