Tesla announced on Monday that it earned $101 million from the investment, helping it beat analysts’ profit estimates for the first quarter of the year. Traded Above the Bitcoin price of $54000 Bitcoin increased in value after Tesla Inc. reported a $272 million gain on “digital assets” following its $1.5 billion investment in the cryptocurrency. […]
Tesla Sold $272 Million Worth of Bitcoin in Q1 2021 Tesla Inc. has sold 10% of its Bitcoin holdings. In an investor call event, the electric vehicle maker reported its Q1 2021 earnings report and revealed the sale of $272 million worth of Bitcoin holdings and a “$101 million positive impact”. The $272 million sales […]
Bitcoin Makes Comeback, as $53.5K Holds The Key Bitcoin is rising and it is trading nicely above the $50,000 pivot level. The price is now trading well above $51,000 and the 100 hourly simple moving average. The pair is likely to rally if there is a clear break above the $53,500 resistance zone. Bitcoin Makes […]
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Normally, the cryptocurrency market follows the largest cryptocurrency, Bitcoin, but now the second most important digital coin, Ethereum, has taken over. While bitcoin’s value has fallen by as much as 12.4 percent in the last seven sessions, Ethereum’s value has risen by as much as 5.5 percent in the same time period. Ethereum Is Gaining […]