And again, Musk’s tweet excites bitcoin bulls who raise its price immediately by 10% up. Correction of the ongoing local downtrend OR still a reversal and continuation of the global bull market..??
No one can be 100% sure.. We need to look at the movement for this week and then the forecasts will be much more accurate.. In the meantime, news:
Bitcoin rallies after Elon Musk says Tesla will accept cryptocurrency when miners use more clean energy
Sygnia chief executive accuses the billionaire of manipulating the digital asset’s prices with his tweets
Bitcoin rallied after Tesla’s billionaire chief executive and founder Elon Musk said his electric car company will resume accepting the world’s biggest cryptocurrency once its miners user clean energy.
Mr Musk made the comments on Twitter in response to Magda Wierzycka, chief executive of South African financial services company Sygnia, who said his tweets on Bitcoin are tantamount to “market manipulation” and should have triggered an investigation by the US Securities and Exchange Commission.
Bitcoin, the world’s largest cryptocurrency, jumped more than 12.4 per cent at 8:44am UAE time on Monday to trade at $39,319. Ethereum, the world’s second-largest cryptocurrency, gained about 6.3 per cent to $2,484.
“What we have seen with Bitcoin is price manipulation by one very powerful and influential individual,” Ms Wierzycka said in an interview with South Africa’s Money Show radio programme.
“This [Ms Wierzycka’s comments] is inaccurate. Tesla only sold ~10 per cent of holdings to confirm BTC could be liquidated easily without moving market. When there’s confirmation of reasonable (~50 per cent) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Mr Musk said on Twitter.
In May, public criticism of the digital currency’s energy needs by Mr Musk and a Chinese regulatory crackdown caused the virtual currency’s price to plummet more than 53 per cent to $30,000 after reaching an all-time high of $64,899 in April.
Mr Musk has roiled Bitcoin and other digital tokens with a string of social media posts. Last month, the tycoon reversed a decision to allow purchases of Tesla electric vehicles with Bitcoin, citing concerns over the energy required by the servers that underpin the cryptocurrency.
*********************************
If one of the paying programs on our Monitor appeals to you, please support EmilyNews by registering for it on our website. Thanks very very much!
EN web Support Chat | Hyips and Crypto questions – HyipChatEN
Telegram Chat for Crypto and Hyip reports: @HyipChatEN
*********************************
Be the first to get most important HYIP news everyday!
Simply Follow EN Facebook, EN Telegram, EN Twitter
or Subscribe to EN Feedburner and submit your email address!
If you like this article and want to support EN – please share it by using at least few of social media buttons below. Thanks and See you tomorrow!
