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Bitcoin Reclaims $40K Ahead of Tesla’s Earnings

Mon, 26/07/2021 - 18:54
Bitcoin has managed to shrug off the bearish Tether news, rallying above the $40,000 level for the first time in more than a month
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Bitcoin Reclaims $40K Ahead of Tesla’s Earnings
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Bitcoin, the largest cryptocurrency, has managed to reclaim the psychologically important $40,000 level at 6:49 p.m. UTC on the Bitstamp exchange.

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It is currently changing hands at its highest level since June 15.

Bulls recently turned the tables on bears amid rumors that Amazon is going to accept Bitcoin payments.

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Despite a bombshell Bloomberg report about Tether being under a criminal investigation, the top cryptocurrency continued rallying ahead of Tesla’s earnings.

The e-car manufacturer will report its second-quarter financial results after the market close.

During “The B Word” conference, CEO Elon Musk confirmed that the company didn’t intend to sell its Bitcoin holdings.

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