Tesla CEO Elon Musk revealed on Twitter a few days ago that his company will no longer accept bitcoin payments for electric cars. The announcement came just as suddenly as the revelation earlier this year that Tesla had purchased bitcoin and planned to support bitcoin payments. And just like Musk’s previous takes on cryptocurrencies, it had a massive effect on the market. But this time around, Musk’s tweets were not beneficial for bitcoin, instead tanking the price to around $45,000 as of the time of this writing.

Musk’s sudden realization that bitcoin might not be eco-friendly to mine caused immediate panic, and the price dropped from around $54,000 to $46,000. Bitcoin rebounded soon after that to top $52,000. But ... Read more »

Category: News | Views: 171 | Added by: danyagames2007 | Date: 17.05.2021 | Comments (0)

Investing.com - Bitcoin was trading at $43,167.0 by 23:32 (03:32 GMT) on the Investing.com Index on Monday, down 10.38% on the day. It was the largest one-day percentage loss since May 12.

The move downwards pushed Bitcoin's market cap down to $823.8B, or 40.11% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,184.9B.

Bitcoin had traded in a range of $43,167.0 to $46,545.4 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 25.75%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $64.1B or 30.89% of the total volume of all cryptocurrencies. It has traded in a range of $43,166.9805 to $57,938.51 ... Read more »

Category: News | Views: 182 | Added by: danyagames2007 | Date: 17.05.2021 | Comments (0)