Crypto Currency News

Bitcoin price accelerates and surpasses $ 40,000

The major cryptocurrency jumped almost 15% this Monday

Bitcoin ( BTC ) broke above $ 40K this afternoon after a surprising rally in the last 24 hours. The leading cryptocurrency again received an impact from Elon Musk yesterday afternoon, which was accentuated in the last hours with new gestures by other market leaders. At the close of this note , the price of BTC is $  40,566 .

After suspending payments in BTC in mid-May due to the alleged environmental impact of crypto mining, Tesla would consider accepting cryptocurrency again if it is shown that at least 50% of the industry uses renewable energy . This was announced yesterday by its CEO to shake up – as usual – the crypto market.
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BTC jumped almost 15% in the last hours , and surpassed the long-awaited barrier of USD40K, which in recent weeks had become an extremely difficult target. Musk’s announcement coincided with the completion of MicroStrategy’s bond offering , targeting new investments in BTC.

The firm led by Michael Saylor announced that it has completed the offering of $ 500 million in senior secured notes due in 2028, which will be destined to the crypto market. In this way, the firm will have more than 100,000 BTC in the coming days.

On the other hand, the ecosystem also enthusiastically received the latest statements from the prestigious investor Paul Tudor Jones , who assured that he wants to have 5% of his portfolio in bitcoin . The philanthropist also explained that he intends to have gold, cash and raw materials in the same proportion. “I don’t know what I want to do with the other eighty percent. I want to wait and see what the Federal Reserve (Fed) is going to do, because what they do will have a great impact, “he added.

The rest of the cryptocurrencies , unsurprisingly, also got the bullish boost from the good news of the day. Ether ( ETH ), the leading altcoin, grew 9% and was above $ 2,500 again. At the close of this note, its price is USD 2,553. Litecoin ( LTC ) is up to the same extent and is trading at $ 175.

Several assets had a double-digit jump. Uniswap ( UNI ) rose 14% to $ 23.
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66, while Binance coin ( BNB ) and polkadot ( DOT ) grew by 12% and trade at $ 372 and $ 22.80 respectively. Cardano ( ADA ) and bitcoin cash ( BCH ) are up 10% and are priced at $ 1.57 and $ 626.

Lastly, dogecoin ( DOGE ) and XRP had slightly lower jumps – 6% and 7%, respectively – and are trading at $ 0.32 and $ 0.88.

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