• Bitcoin Crashes Following Elon Musk Announcement That Tesla Stops Accepting It As A Form Of Payment

Elon Musk

has done it again.

He has again written a message on Twitter talking about investing in bitcoin and the cryptocurrency has exploded again.

Almost 12% rises this Monday and is already on the verge of recovering $ 40,000 again, although a week ago it was fighting to maintain the level of 30,000

greenbacks

.

It was a message from Musk himself that opened the ban on continuous falls for bitcoin just over a month ago. Then, the founder of

Tesla

announced that the company would stop accepting bitcoin as a form of payment due to the high energy cost involved in the mining process. To that announcement were added China's restrictions on the use of virtual currencies, the doubts of a part of large investors and the volatility of the cryptocurrency market, and all together made the most popular of digital currencies lose a good part of what won in the year.

Now history repeats itself, but in an upward direction. Musk advanced yesterday through a response on Twitter that his company will accept bitcoin again when its creation process is more sustainable. "When there is confirmation of reasonable clean energy use (about 50%) by miners with a positive future trend, Tesla will resume bitcoin transactions," he said.

Analysts themselves agree on Musk's ability to baffle the market, which further complicates setting targets for the virtual currency. "We continue to go around with what will be the next direction that bitcoin can take in the next sessions.

The range that we marked in previous weeks, 30,000-44,000 dollars

is still in force today. In this movement, it seems that the transfer of tokens of the From weak to strong hands, the trend started in May continues. However, this does not imply any upward movement and we have to wait for the break of the $ 44,000 to think about a return to the maximum zone ", points out

Javier Molina

, spokesperson for the platform. eToro in Spain.

As happens on other occasions, the rebound of bitcoin is also pulling up the rest of digital currencies.

Thus,

ethereum

registers a rise of 6.6% that puts it back on the verge of $ 2,500;

Cardano is

also up nearly 6.5% to

settle

at $ 1.53 and

dogecoin

, Elon Musk's favorite

cryptocurrency

, climbs nearly 4.5% and trades for $ 0.32.

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