Bitcoin (CRYPTO: BTC) has actually seen considerable gains today, in addition to stocks of business related to the world’s top cryptocurrency following Elon Musk’s comforting tweet indicating that Tesla will accept the leading cryptocurrency again.
What Happened: CoinMarketCap information suggests that Bitcoin price grew by over 14.3% from its 24-hour low of $36,000 to a high of almost $41,000, prior to settling at its current cost of $40,850 at press time.
According to Paolo Ardoino, CTO of Bitfinex, “the king of crypto is carrying cryptocurrency markets greater.”
“On the other hand, Bitcoin’s energy and usage cases such as the Lightning Network continue to strengthen and grow. While it is important to always take a long-term view, we’re seeing a peaceful optimism go back to the market,” he added.
Read also: Elon Musk Sets The Record Straight On When Tesla Will Accept Bitcoin Again
Cryptocurrency mining enterprise Riot Blockchain Inc. (NASDAQ: RIOT) shares are up over 20% today, beating even Bitcoin’s development over the last 24-hours, with a stock price of $37.25.
Microstrategy(NASDAQ: MSTR)’s stock has actually been 15% up today and was trading at $590 at press time. The company has actually invested almost all of its revenue into Bitcoin and raising more capital through the issuance of bonds to buy much more.
Microstrategy recently revealed that it intended to raise $400 million to purchase Bitcoin however then chose to raise $500 rather, and the bond offering got oversubscribed to an overall of $1.6 billion.
Last But Not Least, Tesla Inc (NASDAQ: TSLA) has actually seen its shares rise by 1.4% today after Musk’s declaration.
The shares were trading at $618 at press time.
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