Crypto Market Gains $165 Billion as Elon Musk Talks About Tesla Accepting Bitcoin
The crypto market is all green after Tesla boss Elon Musk showed support for flagship crypto Bitcoin on Sunday
The SpaceX chief has stated that Tesla will start accepting Bitcoin once again after the organisation confirms the use of clean energy by Miners.
This has pushed the value of flagship coin Bitcoin close to 40k as other cryptocurrencies followed.
The crypto market has experienced strong gains in the past 24 hours following some positive news from Tesla CEO Elon Musk.
The billionaire businessman has announced that Tesla will once again accept the flagship coun as payment if a condition is met.
According to Musk, once the organisation can confirm that a reasonable amount of green energy is being used for Bitcoin mining they’ll support payment with the coin.
The post by the billionaire has triggered an upward trend in the crypto market for Bitcoin and Alts.
Flagship coin Bitcoin rose as high as $39,800, within striking distance of $40,000 with almost 10% gain.
Altcoin such as Etereum, Binance Coin, Tron, Cardano, and Ripple also experienced strong gains following the news.
The crypto market currently has a market capitalisation of $1.68 trillion, up by 10.46% in the last 24 hours.
Many crypto enthusiasts are pushing for flagship coin Bitcoin to break its current resistance, which could indicate a bullish run.