Bitcoin recovered from its Monday slump after Elon Musk renewed the cryptocurrency market’s confidence by hinting Tesla will accept bitcoin again.

During a virtual panel hosted by Crypto Council for Innovation, which he featured in alongside Twitter founder, Jack Dorsey, the Tesla boss reiterated his support for the crypto.

 

Musk had withdrawn support for bitcoin in May 2021 citing environment concerns. He removed the most popular cryptocurrency from Tesla’s payment option for customers.

 

According to him, bitcoin was significantly contributing to environmental degradation through miners use of fossil fuel to develop bitcoin for trading.

 

Fast forward to Wednesday during the webinar, Musk stated that if bitcoin miners could reduce their fossil usage by replacing it with 50% renewable energy, Tesla will start selling its cars in exchange for bitcoin.

 

“As long as there is a conscious effort to move bitcoin miners toward renewables then Tesla can support that.” Musk stated during the virtual panel session.

 

This statement was enough to boost confidence in the bitcoin community as the crypto rebound having traded below $30,000 between Monday and Tuesday.

 

The price of bitcoin appreciated by 7.58% in the last 24 hours to hit $32,815 from below $31,500, before facing some resistance that depreciated its value below $32,000.

 

As at the time of filing in this report, the current price of Bitcoin was $32,000.13.

115 thoughts on “Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto”
    1. Skip to content
      Thu. Jul 22nd, 2021 12:40:19 PM
      ClimaxTrend
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      BUSINESS
      Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto

      ByClimaxtrend
      JUL 22, 2021

      Bitcoin recovered from its Monday slump after Elon Musk renewed the cryptocurrency market’s confidence by hinting Tesla will accept bitcoin again.

      During a virtual panel hosted by Crypto Council for Innovation, which he featured in alongside Twitter founder, Jack Dorsey, the Tesla boss reiterated his support for the crypto.

      Musk had withdrawn support for bitcoin in May 2021 citing environment concerns. He removed the most popular cryptocurrency from Tesla’s payment option for customers.

      According to him, bitcoin was significantly contributing to environmental degradation through miners use of fossil fuel to develop bitcoin for trading.

      Fast forward to Wednesday during the webinar, Musk stated that if bitcoin miners could reduce their fossil usage by replacing it with 50% renewable energy, Tesla will start selling its cars in exchange for bitcoin.

      “As long as there is a conscious effort to move bitcoin miners toward renewables then Tesla can support that.” Musk stated during the virtual panel session.

      This statement was enough to boost confidence in the bitcoin community as the crypto rebound having traded below $30,000 between Monday and Tuesday.

      The price of bitcoin appreciated by 7.58% in the last 24 hours to hit $32,815 from below $31,500, before facing some resistance that depreciated its value below $32,000.

      As at the time of filing in this report, the current price of Bitcoin was $32,000.13.

      108
      SHARES
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      20 thoughts on “Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto”
      ADEKANMBI ADESIRE OLUWATOBI says:
      July 22, 2021 at 8:42 AM
      Good

      REPLY
      Adam Akoli says:
      July 22, 2021 at 10:38 AM
      Business is busi ess. It must continue

      REPLY
      Akachukwu okonkwo says:
      July 22, 2021 at 8:51 AM
      𝓞𝓴𝓮𝔂

      REPLY
      PRINCE UNANDE says:
      July 22, 2021 at 8:55 AM
      Good of all

      REPLY
      Omosebi Ronoe says:
      July 22, 2021 at 9:00 AM
      Very good

      REPLY
      Johnson Jethro says:
      July 22, 2021 at 9:03 AM
      okay

      REPLY
      Isaac Obot says:
      July 22, 2021 at 9:08 AM
      Thanks so much for the updste

      REPLY
      Bolaji Shakirudeen says:
      July 22, 2021 at 9:21 AM
      Ok

      REPLY
      Prince-kelvin Linus says:
      July 22, 2021 at 9:31 AM
      Thanks for the update

      REPLY
      Oshodi Kunle muritala says:
      July 22, 2021 at 9:36 AM
      Ok

      REPLY
      Muhammad Yusuf says:
      July 22, 2021 at 9:46 AM
      Crypto price for dogecoin?

      REPLY
      Bidemi Bakare says:
      July 22, 2021 at 9:50 AM
      Price

      REPLY
      Olatunji Amirat Olawumi says:
      July 22, 2021 at 10:18 AM
      Thanks for the update,there was much loss between Monday and Tuesday because of fall in Bitcoin

      REPLY
      efeoghene precious says:
      July 22, 2021 at 10:37 AM
      Ok

      REPLY
      Olayiwola Abdulsomod says:
      July 22, 2021 at 10:52 AM
      Good

      REPLY
      mayowa Makinwa says:
      July 22, 2021 at 10:41 AM
      Okk

      REPLY
      Abodunrin Adegoke says:
      July 22, 2021 at 10:48 AM
      Ok

      REPLY
      Kenechukwu Martin says:
      July 22, 2021 at 11:23 AM
      Nice one

      REPLY
      Danja japhet Wilfred says:
      July 22, 2021 at 11:24 AM
      Fantastic

      REPLY
      Salahudeen Malik akorede says:
      July 22, 2021 at 11:39 AM
      Good

      REPLY
      Leave a Reply
      Logged in as Naanpoe Paul kamlong. Log out?

      Comment

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    1. Skip to content
      Thu. Jul 22nd, 2021 12:40:19 PM
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      BUSINESS
      Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto

      ByClimaxtrend
      JUL 22, 2021

      Bitcoin recovered from its Monday slump after Elon Musk renewed the cryptocurrency market’s confidence by hinting Tesla will accept bitcoin again.

      During a virtual panel hosted by Crypto Council for Innovation, which he featured in alongside Twitter founder, Jack Dorsey, the Tesla boss reiterated his support for the crypto.

      Musk had withdrawn support for bitcoin in May 2021 citing environment concerns. He removed the most popular cryptocurrency from Tesla’s payment option for customers.

      According to him, bitcoin was significantly contributing to environmental degradation through miners use of fossil fuel to develop bitcoin for trading.

      Fast forward to Wednesday during the webinar, Musk stated that if bitcoin miners could reduce their fossil usage by replacing it with 50% renewable energy, Tesla will start selling its cars in exchange for bitcoin.

      “As long as there is a conscious effort to move bitcoin miners toward renewables then Tesla can support that.” Musk stated during the virtual panel session.

      This statement was enough to boost confidence in the bitcoin community as the crypto rebound having traded below $30,000 between Monday and Tuesday.

      The price of bitcoin appreciated by 7.58% in the last 24 hours to hit $32,815 from below $31,500, before facing some resistance that depreciated its value below $32,000.

      As at the time of filing in this report, the current price of Bitcoin was $32,000.13.

      108
      SHARES
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      JUN 24, 2021 CLIMAXTREND
      20 thoughts on “Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto”
      ADEKANMBI ADESIRE OLUWATOBI says:
      July 22, 2021 at 8:42 AM
      Good

      REPLY
      Adam Akoli says:
      July 22, 2021 at 10:38 AM
      Business is busi ess. It must continue

      REPLY
      Akachukwu okonkwo says:
      July 22, 2021 at 8:51 AM
      𝓞𝓴𝓮𝔂

      REPLY
      PRINCE UNANDE says:
      July 22, 2021 at 8:55 AM
      Good of all

      REPLY
      Omosebi Ronoe says:
      July 22, 2021 at 9:00 AM
      Very good

      REPLY
      Johnson Jethro says:
      July 22, 2021 at 9:03 AM
      okay

      REPLY
      Isaac Obot says:
      July 22, 2021 at 9:08 AM
      Thanks so much for the updste

      REPLY
      Bolaji Shakirudeen says:
      July 22, 2021 at 9:21 AM
      Ok

      REPLY
      Prince-kelvin Linus says:
      July 22, 2021 at 9:31 AM
      Thanks for the update

      REPLY
      Oshodi Kunle muritala says:
      July 22, 2021 at 9:36 AM
      Ok

      REPLY
      Muhammad Yusuf says:
      July 22, 2021 at 9:46 AM
      Crypto price for dogecoin?

      REPLY
      Bidemi Bakare says:
      July 22, 2021 at 9:50 AM
      Price

      REPLY
      Olatunji Amirat Olawumi says:
      July 22, 2021 at 10:18 AM
      Thanks for the update,there was much loss between Monday and Tuesday because of fall in Bitcoin

      REPLY
      efeoghene precious says:
      July 22, 2021 at 10:37 AM
      Ok

      REPLY
      Olayiwola Abdulsomod says:
      July 22, 2021 at 10:52 AM
      Good

      REPLY
      mayowa Makinwa says:
      July 22, 2021 at 10:41 AM
      Okk

      REPLY
      Abodunrin Adegoke says:
      July 22, 2021 at 10:48 AM
      Ok

      REPLY
      Kenechukwu Martin says:
      July 22, 2021 at 11:23 AM
      Nice one

      REPLY
      Danja japhet Wilfred says:
      July 22, 2021 at 11:24 AM
      Fantastic

      REPLY
      Salahudeen Malik akorede says:
      July 22, 2021 at 11:39 AM
      Good

      REPLY
      Leave a Reply
      Logged in as Naanpoe Paul kamlong. Log out?

      Comment

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    1. Skip to content
      Thu. Jul 22nd, 2021 12:41:39 PM
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      BUSINESS
      Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto

      ByClimaxtrend
      JUL 22, 2021

      Bitcoin recovered from its Monday slump after Elon Musk renewed the cryptocurrency market’s confidence by hinting Tesla will accept bitcoin again.

      During a virtual panel hosted by Crypto Council for Innovation, which he featured in alongside Twitter founder, Jack Dorsey, the Tesla boss reiterated his support for the crypto.

      Musk had withdrawn support for bitcoin in May 2021 citing environment concerns. He removed the most popular cryptocurrency from Tesla’s payment option for customers.

      According to him, bitcoin was significantly contributing to environmental degradation through miners use of fossil fuel to develop bitcoin for trading.

      Fast forward to Wednesday during the webinar, Musk stated that if bitcoin miners could reduce their fossil usage by replacing it with 50% renewable energy, Tesla will start selling its cars in exchange for bitcoin.

      “As long as there is a conscious effort to move bitcoin miners toward renewables then Tesla can support that.” Musk stated during the virtual panel session.

      This statement was enough to boost confidence in the bitcoin community as the crypto rebound having traded below $30,000 between Monday and Tuesday.

      The price of bitcoin appreciated by 7.58% in the last 24 hours to hit $32,815 from below $31,500, before facing some resistance that depreciated its value below $32,000.

      As at the time of filing in this report, the current price of Bitcoin was $32,000.13.

      108
      SHARES
      facebook Share on Facebook
      Twitter Tweet
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      Britain Bans Binance’s UK Operations In Latest Cryptocurrency Crackdown
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      22 thoughts on “Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto”
      ADEKANMBI ADESIRE OLUWATOBI says:
      July 22, 2021 at 8:42 AM
      Good

      REPLY
      Adam Akoli says:
      July 22, 2021 at 10:38 AM
      Business is busi ess. It must continue

      REPLY
      Naanpoe Paul kamlong says:
      July 22, 2021 at 11:40 AM
      Skip to content
      Thu. Jul 22nd, 2021 12:40:19 PM
      ClimaxTrend
      Fastest Paying Platform

      BUSINESS
      Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto

      ByClimaxtrend
      JUL 22, 2021

      Bitcoin recovered from its Monday slump after Elon Musk renewed the cryptocurrency market’s confidence by hinting Tesla will accept bitcoin again.

      During a virtual panel hosted by Crypto Council for Innovation, which he featured in alongside Twitter founder, Jack Dorsey, the Tesla boss reiterated his support for the crypto.

      Musk had withdrawn support for bitcoin in May 2021 citing environment concerns. He removed the most popular cryptocurrency from Tesla’s payment option for customers.

      According to him, bitcoin was significantly contributing to environmental degradation through miners use of fossil fuel to develop bitcoin for trading.

      Fast forward to Wednesday during the webinar, Musk stated that if bitcoin miners could reduce their fossil usage by replacing it with 50% renewable energy, Tesla will start selling its cars in exchange for bitcoin.

      “As long as there is a conscious effort to move bitcoin miners toward renewables then Tesla can support that.” Musk stated during the virtual panel session.

      This statement was enough to boost confidence in the bitcoin community as the crypto rebound having traded below $30,000 between Monday and Tuesday.

      The price of bitcoin appreciated by 7.58% in the last 24 hours to hit $32,815 from below $31,500, before facing some resistance that depreciated its value below $32,000.

      As at the time of filing in this report, the current price of Bitcoin was $32,000.13.

      108
      SHARES
      facebook Share on Facebook
      Twitter Tweet
      Post navigation
      Britain Bans Binance’s UK Operations In Latest Cryptocurrency Crackdown
      How I Made My First N1M – Obi Cubana

      By Climaxtrend
      RELATED POST
      BUSINESS
      How I Made My First N1M – Obi Cubana
      JUL 22, 2021 CLIMAXTREND
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      BUSINESS
      Dogecoin defies gravity as co-founder, Billy Markus buys doge
      JUN 24, 2021 CLIMAXTREND
      20 thoughts on “Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto”
      ADEKANMBI ADESIRE OLUWATOBI says:
      July 22, 2021 at 8:42 AM
      Good

      REPLY
      Adam Akoli says:
      July 22, 2021 at 10:38 AM
      Business is busi ess. It must continue

      REPLY
      Akachukwu okonkwo says:
      July 22, 2021 at 8:51 AM
      𝓞𝓴𝓮𝔂

      REPLY
      PRINCE UNANDE says:
      July 22, 2021 at 8:55 AM
      Good of all

      REPLY
      Omosebi Ronoe says:
      July 22, 2021 at 9:00 AM
      Very good

      REPLY
      Johnson Jethro says:
      July 22, 2021 at 9:03 AM
      okay

      REPLY
      Isaac Obot says:
      July 22, 2021 at 9:08 AM
      Thanks so much for the updste

      REPLY
      Bolaji Shakirudeen says:
      July 22, 2021 at 9:21 AM
      Ok

      REPLY
      Prince-kelvin Linus says:
      July 22, 2021 at 9:31 AM
      Thanks for the update

      REPLY
      Oshodi Kunle muritala says:
      July 22, 2021 at 9:36 AM
      Ok

      REPLY
      Muhammad Yusuf says:
      July 22, 2021 at 9:46 AM
      Crypto price for dogecoin?

      REPLY
      Bidemi Bakare says:
      July 22, 2021 at 9:50 AM
      Price

      REPLY
      Olatunji Amirat Olawumi says:
      July 22, 2021 at 10:18 AM
      Thanks for the update,there was much loss between Monday and Tuesday because of fall in Bitcoin

      REPLY
      efeoghene precious says:
      July 22, 2021 at 10:37 AM
      Ok

      REPLY
      Olayiwola Abdulsomod says:
      July 22, 2021 at 10:52 AM
      Good

      REPLY
      mayowa Makinwa says:
      July 22, 2021 at 10:41 AM
      Okk

      REPLY
      Abodunrin Adegoke says:
      July 22, 2021 at 10:48 AM
      Ok

      REPLY
      Kenechukwu Martin says:
      July 22, 2021 at 11:23 AM
      Nice one

      REPLY
      Danja japhet Wilfred says:
      July 22, 2021 at 11:24 AM
      Fantastic

      REPLY
      Salahudeen Malik akorede says:
      July 22, 2021 at 11:39 AM
      Good

      REPLY
      Leave a Reply
      Logged in as Naanpoe Paul kamlong. Log out?

      Comment

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      Akachukwu okonkwo says:
      July 22, 2021 at 8:51 AM
      𝓞𝓴𝓮𝔂

      REPLY
      PRINCE UNANDE says:
      July 22, 2021 at 8:55 AM
      Good of all

      REPLY
      Omosebi Ronoe says:
      July 22, 2021 at 9:00 AM
      Very good

      REPLY
      Johnson Jethro says:
      July 22, 2021 at 9:03 AM
      okay

      REPLY
      Naanpoe Paul kamlong says:
      July 22, 2021 at 11:41 AM
      Skip to content
      Thu. Jul 22nd, 2021 12:40:19 PM
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      BUSINESS
      Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto

      ByClimaxtrend
      JUL 22, 2021

      Bitcoin recovered from its Monday slump after Elon Musk renewed the cryptocurrency market’s confidence by hinting Tesla will accept bitcoin again.

      During a virtual panel hosted by Crypto Council for Innovation, which he featured in alongside Twitter founder, Jack Dorsey, the Tesla boss reiterated his support for the crypto.

      Musk had withdrawn support for bitcoin in May 2021 citing environment concerns. He removed the most popular cryptocurrency from Tesla’s payment option for customers.

      According to him, bitcoin was significantly contributing to environmental degradation through miners use of fossil fuel to develop bitcoin for trading.

      Fast forward to Wednesday during the webinar, Musk stated that if bitcoin miners could reduce their fossil usage by replacing it with 50% renewable energy, Tesla will start selling its cars in exchange for bitcoin.

      “As long as there is a conscious effort to move bitcoin miners toward renewables then Tesla can support that.” Musk stated during the virtual panel session.

      This statement was enough to boost confidence in the bitcoin community as the crypto rebound having traded below $30,000 between Monday and Tuesday.

      The price of bitcoin appreciated by 7.58% in the last 24 hours to hit $32,815 from below $31,500, before facing some resistance that depreciated its value below $32,000.

      As at the time of filing in this report, the current price of Bitcoin was $32,000.13.

      108
      SHARES
      facebook Share on Facebook
      Twitter Tweet
      Post navigation
      Britain Bans Binance’s UK Operations In Latest Cryptocurrency Crackdown
      How I Made My First N1M – Obi Cubana

      By Climaxtrend
      RELATED POST
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      How I Made My First N1M – Obi Cubana
      JUL 22, 2021 CLIMAXTREND
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      JUN 24, 2021 CLIMAXTREND
      20 thoughts on “Bitcoin Rebounds As Elon Musk Gives Update On Tesla Accepting Crypto”
      ADEKANMBI ADESIRE OLUWATOBI says:
      July 22, 2021 at 8:42 AM
      Good

      REPLY
      Adam Akoli says:
      July 22, 2021 at 10:38 AM
      Business is busi ess. It must continue

      REPLY
      Akachukwu okonkwo says:
      July 22, 2021 at 8:51 AM
      𝓞𝓴𝓮𝔂

      REPLY
      PRINCE UNANDE says:
      July 22, 2021 at 8:55 AM
      Good of all

      REPLY
      Omosebi Ronoe says:
      July 22, 2021 at 9:00 AM
      Very good

      REPLY
      Johnson Jethro says:
      July 22, 2021 at 9:03 AM
      okay

      REPLY
      Isaac Obot says:
      July 22, 2021 at 9:08 AM
      Thanks so much for the updste

      REPLY
      Bolaji Shakirudeen says:
      July 22, 2021 at 9:21 AM
      Ok

      REPLY
      Prince-kelvin Linus says:
      July 22, 2021 at 9:31 AM
      Thanks for the update

      REPLY
      Oshodi Kunle muritala says:
      July 22, 2021 at 9:36 AM
      Ok

      REPLY
      Muhammad Yusuf says:
      July 22, 2021 at 9:46 AM
      Crypto price for dogecoin?

      REPLY
      Bidemi Bakare says:
      July 22, 2021 at 9:50 AM
      Price

      REPLY
      Olatunji Amirat Olawumi says:
      July 22, 2021 at 10:18 AM
      Thanks for the update,there was much loss between Monday and Tuesday because of fall in Bitcoin

      REPLY
      efeoghene precious says:
      July 22, 2021 at 10:37 AM
      Ok

      REPLY
      Olayiwola Abdulsomod says:
      July 22, 2021 at 10:52 AM
      Good

      REPLY
      mayowa Makinwa says:
      July 22, 2021 at 10:41 AM
      Okk

      REPLY
      Abodunrin Adegoke says:
      July 22, 2021 at 10:48 AM
      Ok

      REPLY
      Kenechukwu Martin says:
      July 22, 2021 at 11:23 AM
      Nice one

      REPLY
      Danja japhet Wilfred says:
      July 22, 2021 at 11:24 AM
      Fantastic

      REPLY
      Salahudeen Malik akorede says:
      July 22, 2021 at 11:39 AM
      Good

      REPLY
      Leave a Reply
      Logged in as Naanpoe Paul kamlong. Log out?

      Comment

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      REPLY
      Isaac Obot says:
      July 22, 2021 at 9:08 AM
      Thanks so much for the updste

      REPLY
      Bolaji Shakirudeen says:
      July 22, 2021 at 9:21 AM
      Ok

      REPLY
      Prince-kelvin Linus says:
      July 22, 2021 at 9:31 AM
      Thanks for the update

      REPLY
      Oshodi Kunle muritala says:
      July 22, 2021 at 9:36 AM
      Ok

      REPLY
      Muhammad Yusuf says:
      July 22, 2021 at 9:46 AM
      Crypto price for dogecoin?

      REPLY
      Reply to Muhammad YusufCancel reply
      Logged in as Naanpoe Paul kamlong. Log out?

      Comment

      Bidemi Bakare says:
      July 22, 2021 at 9:50 AM
      Price

      REPLY
      Olatunji Amirat Olawumi says:
      July 22, 2021 at 10:18 AM
      Thanks for the update,there was much loss between Monday and Tuesday because of fall in Bitcoin

      REPLY
      efeoghene precious says:
      July 22, 2021 at 10:37 AM
      Ok

      REPLY
      Olayiwola Abdulsomod says:
      July 22, 2021 at 10:52 AM
      Good

      REPLY
      mayowa Makinwa says:
      July 22, 2021 at 10:41 AM
      Okk

      REPLY
      Abodunrin Adegoke says:
      July 22, 2021 at 10:48 AM
      Ok

      REPLY
      Kenechukwu Martin says:
      July 22, 2021 at 11:23 AM
      Nice one

      REPLY
      Danja japhet Wilfred says:
      July 22, 2021 at 11:24 AM
      Fantastic

      REPLY
      Salahudeen Malik akorede says:
      July 22, 2021 at 11:39 AM
      Good

      REPLY
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  2. Musk had withdrawn support for bitcoin in May 2021 citing environment concerns. He removed the most popular cryptocurrency from Tesla’s payment option for customers.

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