Profile - To The Moon

ZhiweiHuang

Posts · 2Posts · 2
Following · 0Following · 0
Followers · 0Followers · 0

- ZhiweiHuangZhiweiHuang
  ·2021-05-15
  Nice!
  Blockchain stocks in early market trading Friday
  (May 14) Blockchain stocks in early market trading Friday.The bit firmly between his teeth on this e
  Blockchain stocks in early market trading Friday
  192 Comment
  Like
  Share
  Report
- ZhiweiHuangZhiweiHuang
  ·2021-05-13
  This tweet is affecting many people. There are many crypto that doesn’t need mining (i.e. POS) to work.
  Bitcoin ticks back in Asia after Musk tweet sent price down 17%
  TOKYO/HONG KONG, May 13 (Reuters) - Bitcoin rebounded to about $50,000 in Asian trading on Thursday
  Bitcoin ticks back in Asia after Musk tweet sent price down 17%
  420 Comment
  Like
  Share
  Report
No following yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"isCurrentUser":false,"userPageInfo":{"id":"3583828080837509","uuid":"3583828080837509","gmtCreate":1620734056593,"gmtModify":1620734056593,"name":"ZhiweiHuang","pinyin":"zhiweihuang","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":7,"tweetSize":2,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.15","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":196132194,"gmtCreate":1621035468318,"gmtModify":1704352146702,"author":{"id":"3583828080837509","authorId":"3583828080837509","name":"ZhiweiHuang","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583828080837509","authorIdStr":"3583828080837509"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196132194","repostId":"1106979218","repostType":4,"repost":{"id":"1106979218","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620999430,"share":"https://ttm.financial/m/news/1106979218?lang=&edition=fundamental","pubTime":"2021-05-14 21:37","market":"us","language":"en","title":"Blockchain stocks in early market trading Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1106979218","media":"Tiger Newspress","summary":"(May 14) Blockchain stocks in early market trading Friday.The bit firmly between his teeth on this e","content":"<p>(May 14)&nbsp;Blockchain stocks in early market trading Friday.</p><p><img src=\"https://static.tigerbbs.com/324effa80c8a1b35dd125c01681a19c4\" tg-width=\"332\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p>The bit firmly between his teeth on this energy consumption thing, Elon Musk overnight engaged a bit on Twitter withMicrostrategy(NASDAQ:MSTR)CEO Michael Saylor.</p><p>Saylor (and others) havepointed out the obvious fallacyin Musk's logic, noting Bitcoin mining has nothing to do with transactions. Saylor: \"Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered.\" Saylor also notes the vast majority of Bitcoin mining is accomplished via renewable energy sources.</p><p>Musk isn't pleasedwith entrepreneurs reviving shuttered power plants in out-of-the-way areas for the purpose of providing energy for Bitcoin mining, even as the revamped plants will now be using natural gas instead of coal.</p><p>Saylor:\"Bitcoin (BTC-USD) offers 8B people a superior technology to guarantee their human rights to property, as well as a solution to the global problem of inflation &amp; currency devaluation which creates $10Tn in economic damage per year. Isn't the fossil fuel mix second order?\"</p><p>Bitcoin this morning has managed to bounce back to just shy of the $51K level, while Ethereum (ETH-USD) is&nbsp;ahead 6%&nbsp;and again topping $4K.</p><p><img src=\"https://static.tigerbbs.com/99a7912330197edc96187afffce4a9ad\" tg-width=\"1075\" tg-height=\"708\"></p><p>All well into the green this morning after yesterday's rout: Riot Blockchain(NASDAQ:RIOT), Marathon Patent(NASDAQ:MARA), Coinbase(NASDAQ:COIN), Canaan(NASDAQ:CAN), SOS Limited(NYSE:SOS), Microstrategy.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blockchain stocks in early market trading Friday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlockchain stocks in early market trading Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-14 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(May 14)&nbsp;Blockchain stocks in early market trading Friday.</p><p><img src=\"https://static.tigerbbs.com/324effa80c8a1b35dd125c01681a19c4\" tg-width=\"332\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p>The bit firmly between his teeth on this energy consumption thing, Elon Musk overnight engaged a bit on Twitter withMicrostrategy(NASDAQ:MSTR)CEO Michael Saylor.</p><p>Saylor (and others) havepointed out the obvious fallacyin Musk's logic, noting Bitcoin mining has nothing to do with transactions. Saylor: \"Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered.\" Saylor also notes the vast majority of Bitcoin mining is accomplished via renewable energy sources.</p><p>Musk isn't pleasedwith entrepreneurs reviving shuttered power plants in out-of-the-way areas for the purpose of providing energy for Bitcoin mining, even as the revamped plants will now be using natural gas instead of coal.</p><p>Saylor:\"Bitcoin (BTC-USD) offers 8B people a superior technology to guarantee their human rights to property, as well as a solution to the global problem of inflation &amp; currency devaluation which creates $10Tn in economic damage per year. Isn't the fossil fuel mix second order?\"</p><p>Bitcoin this morning has managed to bounce back to just shy of the $51K level, while Ethereum (ETH-USD) is&nbsp;ahead 6%&nbsp;and again topping $4K.</p><p><img src=\"https://static.tigerbbs.com/99a7912330197edc96187afffce4a9ad\" tg-width=\"1075\" tg-height=\"708\"></p><p>All well into the green this morning after yesterday's rout: Riot Blockchain(NASDAQ:RIOT), Marathon Patent(NASDAQ:MARA), Coinbase(NASDAQ:COIN), Canaan(NASDAQ:CAN), SOS Limited(NYSE:SOS), Microstrategy.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106979218","content_text":"(May 14) Blockchain stocks in early market trading Friday.The bit firmly between his teeth on this energy consumption thing, Elon Musk overnight engaged a bit on Twitter withMicrostrategy(NASDAQ:MSTR)CEO Michael Saylor.Saylor (and others) havepointed out the obvious fallacyin Musk's logic, noting Bitcoin mining has nothing to do with transactions. Saylor: \"Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered.\" Saylor also notes the vast majority of Bitcoin mining is accomplished via renewable energy sources.Musk isn't pleasedwith entrepreneurs reviving shuttered power plants in out-of-the-way areas for the purpose of providing energy for Bitcoin mining, even as the revamped plants will now be using natural gas instead of coal.Saylor:\"Bitcoin (BTC-USD) offers 8B people a superior technology to guarantee their human rights to property, as well as a solution to the global problem of inflation & currency devaluation which creates $10Tn in economic damage per year. Isn't the fossil fuel mix second order?\"Bitcoin this morning has managed to bounce back to just shy of the $51K level, while Ethereum (ETH-USD) is ahead 6% and again topping $4K.All well into the green this morning after yesterday's rout: Riot Blockchain(NASDAQ:RIOT), Marathon Patent(NASDAQ:MARA), Coinbase(NASDAQ:COIN), Canaan(NASDAQ:CAN), SOS Limited(NYSE:SOS), Microstrategy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191253435,"gmtCreate":1620882997028,"gmtModify":1704349866711,"author":{"id":"3583828080837509","authorId":"3583828080837509","name":"ZhiweiHuang","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583828080837509","authorIdStr":"3583828080837509"},"themes":[],"htmlText":"This tweet is affecting many people. There are many crypto that doesn’t need mining (i.e. POS) to work.","listText":"This tweet is affecting many people. There are many crypto that doesn’t need mining (i.e. POS) to work.","text":"This tweet is affecting many people. There are many crypto that doesn’t need mining (i.e. POS) to work.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191253435","repostId":"2135646193","repostType":4,"repost":{"id":"2135646193","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620872653,"share":"https://ttm.financial/m/news/2135646193?lang=&edition=fundamental","pubTime":"2021-05-13 10:24","market":"other","language":"en","title":"Bitcoin ticks back in Asia after Musk tweet sent price down 17%","url":"https://stock-news.laohu8.com/highlight/detail?id=2135646193","media":"Reuters","summary":"TOKYO/HONG KONG, May 13 (Reuters) - Bitcoin rebounded to about $50,000 in Asian trading on Thursday ","content":"<p>TOKYO/HONG KONG, May 13 (Reuters) - Bitcoin&nbsp;rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc&nbsp;had stopped accepting bitcoin to purchase its vehicles due to climate concerns.</p><p>The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet shortly after 2200 GMT. It recovered about half of that drop early in the Asian session, and last traded about $50,196.</p><p>Ether   , the world's second-largest cryptocurrency, followed a similar pattern, also dropping 14% to touch a low of $3,550, before bouncing back to about $3,965.</p><p>\"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,\" Musk wrote.</p><p>Tesla's announcements earlier this year that it had bought $1.5 billion of bitcoin and that it would accept it as payment for cars has been <a href=\"https://laohu8.com/S/AONE\">one</a> factor behind the digital tokens' surging price this year.</p><p>As a result, Musk's comments roiled markets even though he said Tesla would not sell any bitcoin and would resume accepting bitcoin as soon as mining transitioned to more sustainable energy.</p><p>\"The issue (of huge energy use by bitcoin miners) has been long known so it's nothing new. But taken together with Musk's recent comments about dogecoin, his latest comments seems to suggest his passion for cryptocurrencies may be waning,\" said  Makoto Sakuma, researcher at NLI Research Institute in Tokyo.</p><p>A broader selling of risk assets in traditional markets was another factor in the plunge, said Jeffrey Wang, Vancouver-based head of Americas at Amber Group, a cryptocurrency service provider.</p><p>\"I don’t think everything is selling off just because of this news. This was kind of the straw that broke the camel’s back in terms of adding to the risk sell-off,” he said.</p><p>On Wednesday, the S&amp;P 500&nbsp;dropped 2.1%, and the Nasdaq Composite&nbsp;lost 2.7%.</p><p>Smaller cryptocurrencies were less affected by the news.</p><p>\"Interestingly enough, altcoins are performing well. The reason given in the tweet is fossil fuel use for the mining of BTC, but most cryptocurrencies have already found more efficient ways to do that and therefore outperformed,\" said Justin d'Anethan, sales manager at Hong Kong-based head of exchange sales at Diginex, a digital asset company.</p><p>The bitcoin dominance index, a ratio of bitcoin’s market cap to the total market cap of all cryptocurrencies dropped further to 42, its lowest level since June 2018.</p><p>A figure of 100 would indicate all cryptocurrency holdings were bitcoin.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin ticks back in Asia after Musk tweet sent price down 17%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin ticks back in Asia after Musk tweet sent price down 17%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-13 10:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TOKYO/HONG KONG, May 13 (Reuters) - Bitcoin&nbsp;rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc&nbsp;had stopped accepting bitcoin to purchase its vehicles due to climate concerns.</p><p>The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet shortly after 2200 GMT. It recovered about half of that drop early in the Asian session, and last traded about $50,196.</p><p>Ether   , the world's second-largest cryptocurrency, followed a similar pattern, also dropping 14% to touch a low of $3,550, before bouncing back to about $3,965.</p><p>\"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,\" Musk wrote.</p><p>Tesla's announcements earlier this year that it had bought $1.5 billion of bitcoin and that it would accept it as payment for cars has been <a href=\"https://laohu8.com/S/AONE\">one</a> factor behind the digital tokens' surging price this year.</p><p>As a result, Musk's comments roiled markets even though he said Tesla would not sell any bitcoin and would resume accepting bitcoin as soon as mining transitioned to more sustainable energy.</p><p>\"The issue (of huge energy use by bitcoin miners) has been long known so it's nothing new. But taken together with Musk's recent comments about dogecoin, his latest comments seems to suggest his passion for cryptocurrencies may be waning,\" said  Makoto Sakuma, researcher at NLI Research Institute in Tokyo.</p><p>A broader selling of risk assets in traditional markets was another factor in the plunge, said Jeffrey Wang, Vancouver-based head of Americas at Amber Group, a cryptocurrency service provider.</p><p>\"I don’t think everything is selling off just because of this news. This was kind of the straw that broke the camel’s back in terms of adding to the risk sell-off,” he said.</p><p>On Wednesday, the S&amp;P 500&nbsp;dropped 2.1%, and the Nasdaq Composite&nbsp;lost 2.7%.</p><p>Smaller cryptocurrencies were less affected by the news.</p><p>\"Interestingly enough, altcoins are performing well. The reason given in the tweet is fossil fuel use for the mining of BTC, but most cryptocurrencies have already found more efficient ways to do that and therefore outperformed,\" said Justin d'Anethan, sales manager at Hong Kong-based head of exchange sales at Diginex, a digital asset company.</p><p>The bitcoin dominance index, a ratio of bitcoin’s market cap to the total market cap of all cryptocurrencies dropped further to 42, its lowest level since June 2018.</p><p>A figure of 100 would indicate all cryptocurrency holdings were bitcoin.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","00662":"亚洲金融"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135646193","content_text":"TOKYO/HONG KONG, May 13 (Reuters) - Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles due to climate concerns.The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet shortly after 2200 GMT. It recovered about half of that drop early in the Asian session, and last traded about $50,196.Ether   , the world's second-largest cryptocurrency, followed a similar pattern, also dropping 14% to touch a low of $3,550, before bouncing back to about $3,965.\"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,\" Musk wrote.Tesla's announcements earlier this year that it had bought $1.5 billion of bitcoin and that it would accept it as payment for cars has been one factor behind the digital tokens' surging price this year.As a result, Musk's comments roiled markets even though he said Tesla would not sell any bitcoin and would resume accepting bitcoin as soon as mining transitioned to more sustainable energy.\"The issue (of huge energy use by bitcoin miners) has been long known so it's nothing new. But taken together with Musk's recent comments about dogecoin, his latest comments seems to suggest his passion for cryptocurrencies may be waning,\" said  Makoto Sakuma, researcher at NLI Research Institute in Tokyo.A broader selling of risk assets in traditional markets was another factor in the plunge, said Jeffrey Wang, Vancouver-based head of Americas at Amber Group, a cryptocurrency service provider.\"I don’t think everything is selling off just because of this news. This was kind of the straw that broke the camel’s back in terms of adding to the risk sell-off,” he said.On Wednesday, the S&P 500 dropped 2.1%, and the Nasdaq Composite lost 2.7%.Smaller cryptocurrencies were less affected by the news.\"Interestingly enough, altcoins are performing well. The reason given in the tweet is fossil fuel use for the mining of BTC, but most cryptocurrencies have already found more efficient ways to do that and therefore outperformed,\" said Justin d'Anethan, sales manager at Hong Kong-based head of exchange sales at Diginex, a digital asset company.The bitcoin dominance index, a ratio of bitcoin’s market cap to the total market cap of all cryptocurrencies dropped further to 42, its lowest level since June 2018.A figure of 100 would indicate all cryptocurrency holdings were bitcoin.","news_type":1},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}