Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. Bitcoin fell more than 10% after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the… Read More Tesla chief executive Elon Musk says company will no longer accept Bitcoin as payment for vehicle purchases
Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden’s plan to raise capital gains taxes will curb investment in digital assets. The selloff came after reports that the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double… Read More Bitcoin slumps below $50,000 in crypto stumble
Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000. Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broader acceptance as a form of payment. In recent weeks, companies have taken advantage of its strength to raise hundreds of millions of dollars in funding, capitalizing on… Read More Bitcoin hits $60,000 record high exchange rate
Bitcoin charged to a record high on Wednesday, a day after the cryptocurrency vaulted the $50,000 hurdle, even as analysts warned about the sustainability of such prices amid elevated volatility. The world’s biggest digital currency, which has a market capitalisation of over $900 billion, hit a record $51,721 price, fuelled by signs that it is… Read More Bitcoin hits all-time record exchange rate above $50,000
Bitcoin fell sharply on Monday, losing ground from a record high of $34,800 touched a day earlier, with traders citing volatility in highly leveraged futures markets. Bitcoin fell over 14% after earlier touching as high as $33,670, wiping out more than half its 20% rally from New Year’s Eve to a record $34,800 on Sunday.… Read More Bitcoin exchange rate depreciates by over ten percent
Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method. The price of the world’s most popular cryptocurrency traded as high as $31,824 early… Read More Bitcoin hits all-time record exchange rate above $30,000
Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever. The cryptocurrency jumped 4.5% to move as high as $20,440. It has gained more than 170% this year, buoyed by demand from larger investors attracted to its potential for quick gains, purported resistance to inflation and expectations it will become a mainstream… Read More Bitcoin hits all-time record exchange rate above $20,000
Bitcoin on Wednesday broke through $18,000 to hit a new year-to-date peak as its blistering 2020 rally powered on. It was last up 3% at $18,175, its highest since December 2017.