:quality(80)/cdn-kiosk-api.telegraaf.nl/9474d2b6-bcd2-11eb-8ccb-02d1dbdc35d1.jpg?fit=%2C&ssl=1 "Bitcoin recovers towards $ 40,000 after support Elon Musk | Financial")
At Coindesk.com, a widely used site for prices of these digital coins, bitcoin was briefly priced at $ 39,660. After that, the currency dropped back to 16% profit in the evening.
Bitcoin is still 40% below its April peak this year.
Elon Musk previously managed to influence the course with a few tweets. On Monday, the price shot up after a series of tweets, Musk called initiatives “potentially hopeful.”
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Faster new energy
Elon Musk reported that he attended a meeting of the North American Bitcoin Miners, led by crypto investor Michael Saylor, about new energy sources for creating cryptocurrencies with computers.
The company says they take to heart the criticism that making the coins consumes too much energy. The companies that make the coins have united in the Bitcoin Mining Council, which is to accelerate the use of cleaner energies for their computers.
Other crypto coins also found their way up. For example, ethereum, which peaked to well above USD 4,000 in mid-May, is up 26% to USD 2596.
The smaller ripple coin became 26% more expensive at $ 0.927, and the Elon Musk-embraced ‘crypto of the people’ dogecoin is up 21.2% at $ 0.3619.
Cryptocurrency bitcoin sees $ 10,000 evaporate in a short time, but it also rebounds.
Ⓒ ANP / HH
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The enthusiasm to enter bitcoin was tempered this month. The Chinese central bank restricted crypto trade. Last week, the central bank in China also triggered a sell-off. It reported that crypto coins cannot be used to pay in all of China.
A number of bitcoin companies would relocate to North America under the pressure of those regulations.
Spanner in the works
Bitcoin also fell sharply earlier this month, again due to a number of tweets from billionaire Musk. He announced that his company Tesla will stop accepting bitcoin payments for environmental reasons.
He also raised doubts about his position in the digital currency. In January, he had entered the cryptocurrency for $ 1.5 billion with excess money from Tesla.
In April, there didn’t seem to be a cloud in the sky for bitcoin. Supported by major parties that embraced the crypto currency, an unprecedented advance was underway in the first months of 2021.
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