New Delhi: As the Cryptocurrency market recovers from the brutal bloodbath market recovers with green index. Bitcoin, which comprises about 43 percent of the global crypto market, recovered to $40,000 this week before sliding down again.
These latest tweets has made Bitcoin recover and touched the mark of $40k earlier this week on Tuesday. Musk tweeted that he had “potentially promising talks” with North American Bitcoin miners about using energy conserving methods in mining the cryptocurrency.
Bitcoin started losing its value by a huge margin after Elon Musk announced two weeks back that Tesla would no longer accept Bitcoin as payment due to its consumption of fossil fuels during the mining process.
Prices of the 10 largest cryptocurrencies at 1:30 PM on May 28 (data from wazirx.com)
1. Bitcoin – $37,244
2. Ethereum – $2,556
3. Tether – $1.00
4. Binance Coin – $343.15
5. Cardano – $1.56
6. XRP – $0.90
7. Dogecoin – $0.31
8. Polkadot – $23.03
9. USD Coin – $0.99