The flagship digital currency, Bitcoin, has posted two long green candles and several small ones, rising from the $32,600 area to $33,919, where it is trading at the time of writing.
Bitcoin continues to recover after the recent brief fall below the $30,000 price mark after the B-Word online conference with the participation of Tesla chief Elon Musk and Twitter CEO Jack Dorsey, a vocal Bitcoin supporter, whose team is building a decentralized Bitcoin wallet and has launched a banking app recently.
Musk stated that neither he personally, nor Tesla or SpaceX are going to sell their Bitcoin. Besides, Musk mentioned that the e-car making giant would likely resume accepting BTC as payment in the near future once “due diligence is done”.
According to the CryptoQuant data, Bitcoin remains in the bull market.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team