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Bitcoin tanks below $40,000; here's why- Business News


Bitcoin tanks below $40,000; here s why
This is the cryptocurrency s lowest level since February 2021 and comes after knocking a peak of $64,895 last month
BusinessToday.In | May 19, 2021 | Updated 13:15 IST
As per the latest data on Coinbase (at around 11.30 am), Bitcoin was trading at $38,570.90 on May 19
Bitcoin continued its week-long slide triggered by Elon Musk s back-and-forth remarks on Tesla s holdings of the digital currency. Extending its losses, the cryptocurrency fell below $40,000 on Wednesday, May 19.
As per the latest data on Coinbase (at around 11.30 am), Bitcoin was trading at $38,570.90 (on May 19). This is the cryptocurrency s lowest level since February 2021 and comes after knocking a peak of $64,895 last month. ....

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Worried About Crypto Energy Use? Check Out These Clean Energy Plays


Worried About Crypto Energy Use? Check Out These Clean Energy Plays
Matthew DiLallo, Neha Chamaria, and Reuben Gregg Brewer
© Provided by The Motley Fool
Worried About Crypto Energy Use? Check Out These Clean Energy Plays
Tesla s (NASDAQ: TSLA) Elon Musk recently made headlines after saying the electric vehicle maker would no longer accept
Bitcoin (CRYPTO: BTC) as a payment due to rapidly increasing use of fossil fuels for bitcoin mining and transactions. According to the Cambridge Bitcoin Electricity Consumption Index, the cryptocurrency uses more energy than entire countries, including Sweden and Malaysia.   
However, while fossil fuels are the global economy s primary power source right now, we re rapidly pivoting toward cleaner alternatives. Several companies are helping drive the energy transition. Three that stand out to our energy contributors as leaders are  ....

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Bitcoin's next step forward aims to address adoption hurdles


Bitcoin’s next step forward aims to address adoption hurdles
Mitchell Lawler | May 17, 2021 4:13pm |
More on:
It has been a demoralising month and week for
Bitcoin(CRYPTO: BTC) investors. After topping out at an all-time high of $83,598.87 mid last month, the speculative digital asset has been struggling to find its feet.
Previously a catalyst for upwards momentum following the announcement of buying and accepting Bitcoin,
Tesla Inc(NASDAQ: TSLA) CEO Elon Musk is now being blamed for the accelerated selloff in the cryptocurrency over the last week.
Elon Musk tweeted that Tesla will no longer accept Bitcoin amidst his own concerns of exorbitant energy usage per transaction. Now investors are wondering whether the electric vehicle company has dispensed the original crypto completely from its balance sheets. ....

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