Bitcoin Holds Gain as Musk’s Miner Tweet Spurs Fresh Volatility

Bloomberg2021-05-25

(Bloomberg) -- Bitcoin held gains Tuesday after Elon Musk’s effort to bolster the token’s green credentials stoked a rally, extending a bout of marked volatility following last week’s crypto rout. The...

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Comments

Armuaayu
2021-05-25
Armuaayu
Nice
OCA
2021-05-25
OCA
Nice
JOELLE
2021-05-25
JOELLE
Great
AAKM
2021-05-25
AAKM
Great
ping23
2021-05-25
ping23
pls like my post
- Otahman:
  Donedone
TSLAtothemoon
2021-05-25
TSLAtothemoon
Pls like and comment
- ping23:
  ok

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The wider Bloomberg Galaxy Crypto Index climbed 2%, with tokens such as Ether also pushing higher.\nMusk took to Twitter to signal support for an apparent effort by Bitcoin miners to make their operations more environmentally friendly. The billionaire has roiled the token’s price this month, triggering a selloff by criticizing its energy profile and suspending Bitcoin payments to Tesla Inc. Heightened regulatory rhetoric on cryptocurrencies from China also pressured the sector.\n“If the market continues to see wild swings based on Elon Musk tweets, it’s going to be a big set back for this asset class,” said Matt Maley, chief market strategist for Miller Tabak + Co. “The fact that it sees such wild swings to the tweets from one person takes away the legitimacy of the asset class.”\nPledges to make the industry more green have picked up since Musk’s criticisms. 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like my post","listText":"pls like my post","text":"pls like my post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138395051","repostId":1116096349,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4439511,"gmtCreate":1621909563106,"gmtModify":1680790791834,"authorId":3567482716620513,"author":{"id":3567482716620513,"idStr":"3567482716620513","authorId":3567482716620513,"name":"Otahman","avatar":"https://static.tigerbbs.com/dbd099972f177a5bb9c4f8a5666b4a77","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 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like and comment","listText":"Pls like and comment","text":"Pls like and 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