Bitcoin's price shot up following Tesla's news

By nervi | Crypto Journalism | 8 Feb 2021

Tesla has invested around one and a half billion dollars in Bitcoin and has announced that this cryptocurrency may soon become a means of payment in their company and we will be able to buy a car with it.

Such news was enough for BTC to shoot vertically upwards and reach a new ATH of $44,126 apiece. The Tesla CEO has been writing a lot about cryptocurrencies on his Twitter feed lately, mostly about Dogecoin. Its price also rose several times reaching a price of almost 8 cents a piece. All this is due to changes in the board of Tesla, which wants to start diversifying its profits.

The market went wild when the report Tesla gave to the US Securities and Exchange Commission on Monday came to light.

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Price of BTC/USDT on Binance

As is often the case, other cryptocurrencies as well as the overall market followed Bitcoin upwards. Ethereum rebounded a bit after recent declines, the price of Polkadot also went high.

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nervi

Enthusiast of new technologies and cryptocurrencies.

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