Crypto News Recap: Tesla No Longer Accepts Bitcoin As Payment Option
- Date: 17-May-2021
- Source: Al Bawaba
- Sector:Financial Markets
- Country:Middle East
Crypto News Recap: Tesla No Longer Accepts Bitcoin As Payment Option
One of the wildest stories in the crypto world this week involves Tesla's CEO or we might also call him the Crypto puppet master Elon Musk who has almost crashed the entire market with another wild tweeting spree.
Subsequently, BTC witnessed a huge selloff losing almost 26.39 percent trading as low as around $43,632, a level that was last seen on the 28th of Feb. After Musk's U-turn, bitcoin traders began looking for greener options leading to a surge in price for the Proof-of-Stake and Proof of Storage coins that have a much smaller carbon footprint than bitcoin, such as ADA, XLM, NANO. But, DOGECOIN is still making gains soaring 8.32% last week.
Later on, founder of TRON Justin Sun, suggested that Musk must create his own coin 😂
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