The value of crypto coin bitcoin shot up again tonight, with the coin briefly rising above $ 40,000 (about EUR 32,600). The nearly one-third increase in value in a short space of time followed a dive of more than 30 percent earlier in the day.
The coin rose again in value following comments from outspoken advocates of digital currencies. The uproar sparked a tweet from Tesla CEO Elon Musk implying that Tesla was not one of the sellers of bitcoin. Justin Sun, a tech entrepreneur who founded crypto platform Tron, tweeted that he bought $152 million (€124 million) in bitcoin for about $37,000 per coin.
Cryptocurrency Prices by Coinlib
The extreme price fluctuations of cryptos, which are known for this, also caused turmoil in the stock markets today.https://folm.io/ has enough information. Crypto companies and tech funds, in particular, went down on Wall Street in the wake of bitcoin and other cryptos. The gauges in New York made up for some of the previous losses during the session.
The value of bitcoin and other cryptocurrencies such as ethereum fell sharply earlier in the day after the Chinese central bank reiterated that cryptocurrencies cannot be used to pay. The Chinese government has already banned financial and payment companies from providing services related to digital currency transactions. The Chinese central bank also warned against speculative trading in cryptocurrencies.
The price of bitcoin also fell sharply last week after Elon Musk announced that his company Tesla will stop accepting payments in bitcoin for environmental reasons. https://moveco.io/has enough information. In February, Tesla announced that it would become possible to pay with bitcoins at the American car company. It was also announced at the time that Tesla had made an investment of 1.5 billion dollars (1.23 billion euros) in bitcoins.