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Elon Musk: Bitcoin prices have skyrocketed today (February 8) (Image: COINDESK) READ MORE The news has caused a stir on the markets with crypto investors singing Elon Musk s praise. Paolo Ardonino CTO of Bitfinex, said: Today’s rise to a new bitcoin all-time high comes as Elon Musk’s Tesla invests US$1.5billion into the world’s biggest cryptocurrency. The diversification of Tesla’s investment policy into digital assets adds further momentum to bitcoin’s rise as institutional investors are rushing towards the king of crypto. The tectonic plates of the global investment landscape have shifted. Etheruem and alt-coins are also in the green while Tether tokens (USDt) make their way towards a market capitalization of $30billion. ....
| UPDATED: 19:21, Mon, Jan 11, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Bitcoin prices as of 5pm GMT on Monday are hovering around the $30,787 (£22,764) mark, according to the latest CoinDesk data. Bitcoin has therfore lost more than $10,000 – more than 25 percent of its value, since Sunday morning GMT – an unexpected pullback after recent rallies saw BTC skyrocket past £30,352 ($41,269) for the first time in 12 years. The plunge comes amid warnings from the Financial Conduct Authority (FCA) about the risks of investing in cryptocurrency. ....