Market analysts are arguing that Tesla’s exposure to Bitcoin (BTC) may be the reason for its sharp decorrelation from Big Tech in recent weeks. As of Wednesday, July 14, the 20-day correlation between the company’s price and the Nasdaq 100 index has dropped from 0.83 on June 17 down to 0.14. Whereas Tesla has shed almost 4% this month, the Nasdaq 100 is up by over 2%. A … [Read more...] about Bitcoin may have played a role in Tesla’s decorrelation from Big Tech
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Green energy tokens capitalize on Tesla’s decision to nix Bitcoin payments
After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked the crypto Twitter on May 12 by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns related to the energy required to mine the top cryptocurrency. As Tesla issued its statement, Bitcoin, Ether and a large segment … [Read more...] about Green energy tokens capitalize on Tesla’s decision to nix Bitcoin payments
Bitcoin’s grim close, Tesla’s crypto sell-offs, Ether’s jaw-dropping surge
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin bulls attack $57,000, and altcoins rally as April comes to a closeA sudden bullish surge … [Read more...] about Bitcoin’s grim close, Tesla’s crypto sell-offs, Ether’s jaw-dropping surge
Tesla’s landlord accepts crypto; will Elon Musk pay rent in Bitcoin?
After becoming a corporate pioneer in cryptocurrency adoption, Elon Musk could be about to take the next step and begin paying rent in Bitcoin (BTC).While no announcement has been made by the “Technoking” himself, news broke on April 7 regarding a partnership between Los Angeles real-estate firm, Caruso Properties, and the Gemini cryptocurrency exchange, founded by the … [Read more...] about Tesla’s landlord accepts crypto; will Elon Musk pay rent in Bitcoin?