cryptocurrency bubble
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Elon Musk Says Tesla Likely to Accept Bitcoin Again
Elon Musk has apparently changed his mind about bitcoin. Again. The billionaire founder of SpaceX said Tesla would likely accept bitcoin again in the future after dropping the cryptocurrency over environmental concerns.
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Crypto Market Plummets Following Week of Coinbase-fuelled Hype
After cryptocurrency prices soared this week amid hype leading up to Coinbase’s direct listing, the market took a nosedive over the weekend. Bitcoin prices tanked by roughly 14% in 24 hours, from $US61,530 ($79,558) to $US52,829 ($68,308), the token’s biggest one-day drop since February, before rebounding slightly, according to the cryptoasset price-tracking site CoinMarketCap.