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Shiba Inu soared to record highs over the weekend to become the 11th-biggest cryptocurrency by market value.

Shiba Inu cryptocurrency jumped 50% over the weekend, becoming the 11th-largest cryptocurrency.

Aug 02 2021, 7:48 PM July 31 2021, 6:36 PM August 02 2021, 7:48 PM (Bloomberg) -- Bitcoin hit its highest level since mid-May and continues to build momentum. (Bloomberg) -- Bitcoin hit its highest level since mid-May and continues to build momentum. The largest cryptocurrency gained Sunday for an 11th day in the past 12 and traded up to $42,606, its highest since May 18. Market watchers have pointed to $40,000 as an important inflection point. It was up about 0.5% at $41,739 as of 6:13 a.m. New York time on Sunday. “A run like this certainly suggests some flow backing,” said Jonath...

Tesla chief Elon Musk tweeted and Bitcoin jumps, again Automotive news Musk’s latest tweet about allowing Teslen’s Bitcoin transactions raised the currency by almost 10%. Tesla Inc. CEO Elon Musk has posted a tweet that electric carmakers will begin accepting Bitcoin transactions as miners who verify transactions use more renewable energy. “When there is an assertion that miners with a positive future trend use sensible (~ 50 percent) clean energy, Tesla will begin accepting Bitcoin transactions,” he said in a tweet on Sunday. Bitcoin rose 9.8 percent on Sunday to $ 39,035.47, adding ...

Bitcoin jumped above $39,000 after Elon Musk said Tesla Inc. would resume transactions with the cryptocurrency when mining is done with more clean energy.