New Reason For The Market Crash Revealed: Tesla Sold 75% Of Its Bitcoin In Q2
It’s true, Tesla already sold almost a billion dollars in BTC and the market took it like a champ. Of course, the price fell below the previous all-time high for the first time in bitcoin’s history, but there are clear reasons for that. The Tesla dump wasn’t among those reasons until yesterday night, when the […]
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Today, the U.S. Department of Justice brought charges on three suspects for their alleged involvement in an inside trading scheme, one of the suspects was a former Coinbase employee. The case seems poised to have major implications for the crypto industry. Related Reading | New Reason For The Market Crash Revealed: Tesla Sold 75% Of Its […]
BTC’s march toward $24,000 took a brief pause after media headlines announced that Tesla had sold 75% of its Bitcoin position. Easy come, easy go was the story on July 20 as the day started on a positive note with Bitcoin (BTC) climbing above $24,300, only to end the official trading day in the red after less than stellar Q2 earning news showed Tesla sold 75% of its Bitcoin and Minecraft reversed course by deciding to ban NFTs on its platform.Daily cryptocurrency market performance. Source: Coin360A potential source of the afternoon downturn can be traced to Tesla’s Q2 earnings data, which....
Tesla has converted approximately 75% of its bitcoin into fiat currency. The cryptocurrency sales left the electric car company holding digital assets worth $218 million. “We are certainly open to increasing our bitcoin holdings in the future,” Tesla CEO Elon Musk said, adding: “We have not sold any of our dogecoin.” Tesla Sold About 75% of Its Bitcoin Holdings Elon Musk’s electric car company, Tesla, released its Q2 earnings report Wednesday. The company wrote: As of the end of Q2, we have converted approximately 75% of our bitcoin purchases into fiat....
Amid speculation over the weekend that Tesla may have sold its bitcoins, CEO Elon Musk has clarified that the electric car company “has not sold any bitcoin.” The Technoking of Tesla got into a heated debate with the bitcoin community Sunday after he announced that Tesla has suspended accepting bitcoin for payments due to environmental concerns. Elon Musk Confirms Tesla Has Not Sold Its Bitcoins Tesla CEO Elon Musk got into a string of heated discussions with bitcoiners on Sunday which led to speculation that Musk’s electric car company may have sold its bitcoins or is....
Elon Musk has revealed the real reason he supports the meme cryptocurrency dogecoin. He shared that a lot of people he talks to at his companies, Tesla and Spacex, own dogecoin, noting that “it felt like the people’s crypto.”
Lots of People Elon Musk Talks to at Spacex and Tesla Own Dogecoin
Tesla and Spacex CEO Elon Musk revealed Sunday the real reason he began supporting dogecoin. He noted that many people he talks to at both companies own the meme cryptocurrency.
Responding to a tweet by dogecoin holder Glauber Contessoto, who said the appeal....