bitcoin tops $40,000 after Elon musk tweet that Tesla once again accept bitcoin we know that Bitcoin has revolve around 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 bitcoin due to concerns over how mining the currency requires high energy use and contributes to climate change.
"When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," said on twitter
Bitcoin , which jumped nearly 10% on Sunday, breaking above its 20-day moving average, was up 4.3% on Monday at 40,692.27, its first foray above $40,000 in more than two weeks.Bitcoin prices were also helped by software company and major bitcoin-backer MicroStrategy (MSTR.O) raising half a billion dollars to buy bitcoin, said Bobby Ong, co-founder of crypto analytics website CoinGecko. read more
Bitcoin is up about 40% this year but has collapsed from a record peak above $60,000 amid a regulatory crackdown in China and Musk's apparently wavering enthusiasm for it. Tesla (TSLA.O) stock is down about 30% since the company's bitcoin purchase.
"Musk's words caused bitcoin to surge," https://www.reuters.com-source
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