Monday, February 8, 2021

Bitcoin Surges Above $44,000 As Tesla Makes $1.5 Billion BTC Investment

Electronic car maker Tesla has announced a $1.5 billion investment in Bitcoin, according to a filing with the US Security Exchange Commission (SEC). The company also reportedly plans to add the ability to accept Bitcoin as payment for goods. As a result of this announcement, the price of one bitcoin jumped sharply to $44,851 at around 13:00 on Bitstamp.

At the time of writing, however, the BTC/USD pair is trading at 43,894.

Against the background of the announcement, most cryptocurrency exchanges were inaccessible to users.

It is noteworthy that back in early January, Tesla founder Elon Musk said that he did not mind accepting payment for the company’s goods in Bitcoin.

Recall that previously unknown whales have withdrawn 30,000 bitcoins to cold wallets through Coinbase with an average exchange rate of $33,000. At the same time, the number of Bitcoin wallets with a balance of more than 1000 BTC continues to grow rapidly. According to the indicators of the resource Glassnode, the number of such wallets is close to 2500.

If you have any questions and comments on Bitcoin today, use the form below to reply.

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