Free Porn
xbporn

1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet 1xbet سایت شرط بندی معتبر 1xbet وان ایکس بت فارسی وان ایکس بت بت فوروارد betforward سایت بت فوروارد سایت betforward 1xbet giriş
HomeBitcoinElon Musk’s ‘diamond hands’ Tesla tweet stems crypto price plunge amid dramatic...

Elon Musk’s ‘diamond hands’ Tesla tweet stems crypto price plunge amid dramatic collapse

-

[ad_1]

Elon Musk’s short tweet that Tesla will be holding its cryptocurrency has boosted the market – marginally – as it suffers a greater crash.

At 3.42pm UK time, Mr Musk tweeted that Tesla had “diamond hands”, using the emoji to signify when a cryptocurrency holder refuses to sell their digital coin.

Coindesk, a cryptocurrency price tracker, shows that bitcoin prices spiked slightly – from $34,923.80 to $37,172.91 in little over 15 minutes.

Ethereum also experienced a slight increase from $2,388 to $2,573 in the immediate aftermath of the post.

Mr Musk’s tweet comes as bitcoin, Ethereum, Dogecoin, and more digital currencies have dramatically dropped in price following new regulation from China.

Recommended

Follow the latest on the crypto market crash with our bitcoin live blog here

Bitcoin lost 25 per cent of its value, and other currencies including Ethereum, Cardano, Dogecoin, and more followed suit.

More than $250 billion of cryptocurrency has been traded over the last 24 hours, as users attempted to sell their holdings to alleviate prospective losses. Dogecoin had dropped 30 per cent, and Cardano fell more than 25 per cent.

Almost all altcoins, or bitcoin alternatives, suffered far more than bitcoin itself. Many were down more than a third, with smaller coins being hit harder than larger ones.

The crash stems from three Chinese state-backed organisations – including the China Banking Association – had issued a warning that digital currencies are not “real”, and that they “should not and cannot be used as currency in the market”.

The statement also said that the “speculation activities” that have surrounded virtual currencies were putting people’s property and the “normal order of economy and finance” at risk.

Binance and Coinbase, as well as exchanges Gemini and KuCoin, experienced crashes, as did trackers Coindesk and CoinMarketCap for a brief spell.

Mr Musk had recently caused a smaller cryptocurrency crash after he announced that his electric car companywould not be accepting payment in cryptocurrency, causing a smaller crash in the market.

The news came mere months after he had encouraged people to purchase vehicles with bitcoin, and said that he would launch a Doge-1 satellite to put the “first crypto in space” and the “first meme in space”.

[ad_2]

Source link

LATEST POSTS

Cardano faces $1.60 resistance after ADA price hits 2-month highs

Cardano's ADA token came close to its highest in two months on Aug. 10 as daily gains neared 6%.Data from Cointelegraph Markets Pro and...

Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs

Teller Finance, a non-collateral lending protocol for the DeFi market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest...
[td_block_social_counter style="style8 td-social-boxed td-social-font-icons" facebook="tagdiv" twitter="tagdivofficial" youtube="tagdiv" custom_title="Follow us" block_template_id="td_block_template_11" border_color="#fbb03b" f_header_font_size="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTgifQ==" f_header_font_weight="600" f_header_font_family="702" f_header_font_transform="uppercase" tdc_css="eyJwb3J0cmFpdCI6eyJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiI0MCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3NjcsImFsbCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn19"]

Most Popular

spot_img