Bitcoin price back above $40,000 after Elon Musk comments
by Joanna Partridge and agencies from Technology | The Guardian on (#5K174)
Tesla CEO says transactions made in digital currency will resume once crypto mining is greener
The price of bitcoin hit a three-week high on Monday, climbing back above $40,000 after Elon Musk said that Tesla would resume allowing transactions made in the digital currency once crypto mining becomes greener.
The electric car company's latest change of direction on its acceptance of bitcoin once again highlighted the continuing ability of Tesla's billionaire chief executive to influence the price of bitcoin and other cryptocurrencies.
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