Following another slump towards $53,500, bitcoin has recovered some ground and has overcome $56,000. The majority of altcoins have likewise bounced off considering that the most recent drops, with BNB taking back the third position in terms of market cap and THETA strengthening its leading 10 position with another double-digit surge.
Bitcoin Adds 3% Following Tesla News?
The previous numerous days didn’t go well for the main cryptocurrency. After touching but getting rejected at the coveted $60,000 cost line on Saturday, bitcoin lost approximately $7,000 to just beneath $53,000, as reported yesterday.
In the past 24 hours, the scenario seemed somewhat more positive as BTC leapt to nearly $56,000. However, the bears regained control once again and drove BTC back down to an intraday low of $53,500.
Around at that time, Tesla’s Elon Musk stated that his electrical automobile giant will officially start accepting bitcoin as a means of payment. Perhaps even more significantly, he noted that all BTC the company gets will be “kept as bitcoin, not transformed to fiat currency.”
Keeping in mind the history in between Musk’s recommendations and BTC’s rate, the asset jumped by over $2,000 in a matter of hours and currently sits north of $56,000.