Bitcoin Hits $57K, Fully Recovering from Elon Musk-Driven Correction Bitcoin has reached the $57,000 level for the first time since Tesla stopped accepting payments in the largest cryptocurrency. The benchmark crypto hit an intraday peak of $57,448 on the Bitstamp exchange, with bulls being in complete control over the market for now. On May 12, Bitcoin was attempting to reclaim the $58,000 level, but Teslaβs soul-crushing decision decisively swung the balance in bearsβ favor. The cryptocurrency crashed over 16% in mere hours after CEO Elon Musk abruptly announced the suspension of payments and amplified concerns about its carbon footprint. Suddenly, Bitcoinβs adverse environmental impact has been pushed to the forefront of the crypto debate, with the leaders of βgreenβ alternative cryptocurrencies rushing to pitch their projects. The countless tweets of Bitcoiners who were trying to convince Musk about the benefits of mining seemingly fell on deaf ears, and things reached a boiling point when Musk suggested that Tesla could possibly sell its nine-figure Bitcoin holdings because of how heβs being treated by the community. Muskβs tweet about βdiamond hands,β which all but confirmed Teslaβs unwillingness to sell its Bitcoin stash, led to a dΓ©tente with irrepressible Bitcoiners. In late May, the richest man on the planet also held a meeting with North American Bitcoin miners, which provided short-term relief for the clobbered price. At the βB Wordβ conference in late July, Musk said that Tesla was likely to resume accepting Bitcoin payments: Most likely the answer is that Tesla would resume accepting Bitcoin. Bitcoin is up over 80 percent since that statement. #Bitcoin #wazirxwarriors #bitcoininvestment #bitcoinnewstoday #bitcoinconference2021 #bitcoinminingpool #bitcoinofficial #bitcoinexchange #bitcoinmining #bitcointradingclub #bitcoinhalving #bitcointradingclubπ±π²π΅π΄π€π€ #bitcoinasia #bitcoinhash #bitcoincash #bitcoins #bitcoindaily #bitcoinmillionaire #bitcoinindia #bitcoinnews #bitcoindaily https://www.instagram.com/p/CVALJj7ACdD/?utm_medium=tumblr















