The statement of Elon Musk, the world’s second-largest billionaire, halted the decline of cryptocurrencies such as Bitcoin for several days. Bitcoin for less than Bit 30000 is now trading at over $ 32000. Elon Musk said his space exploration company SpaceX also owns a digital currency and has no plans to sell it. Other cryptocurrencies like Ether and Dogcoin are also owned by Tesla owner Musk, who owns the top three digital currencies, but owns Tesla and SpaceX Bitcoin.
Following Musk’s statement, bitcoin jumped 7 percent in the last 24 hours, reaching 200 32,200. According to Quadesk, Ether 9 reached 1,980.8, while Dogcoin jumped 9 percent to reach 0.18. Speaking of other digital coins, XRP, Cardano, and Uniswap are also up 6 to 10%.
Musk says, “I would like to see an increase in Bitcoin. If the price of Bitcoin falls, I lose. I can pump but don’t dump. Musk said, “Tesla will resume accepting Bitcoin for purchase once the mining environment is less taxed.”
Bitcoin and other cryptos have fallen since mid-May, losing about 3 1.3 trillion from their market cap. BitCoin has faced several obstacles in China, Europe and the US over regulatory review. Bitcoin is facing record lows after reaching $ 65,000 in April.