[ad_1]
Representations of the Bitcoin cryptocurrency can be seen in this photo illustration taken on June 7, 2021. REUTERS / Edgar Su / Illustration / File Photo
Bitcoin jumped 9.8% to $ 39,035.47 on Sunday, adding $ 3,492.71 to its previous close.
Bitcoin, the world’s largest and best-known cryptocurrency, is up 40.7% from a year’s low of $ 27,734 on January 4.
Ether, the coin linked to the ethereum blockchain network, jumped 7% to $ 2,532.77 on Sunday, adding $ 165.77 to its previous close.
Tesla Inc (TSLA.O) CEO Elon Musk tweeted on Sunday that the electric car marker would resume authorization of bitcoin transactions when miners who verify transactions use more renewable energy.
Musk has been a major promoter of cryptocurrencies, but has criticized bitcoin since Tesla’s intention to take it as payment for cars was suspended, due to fears that computers would be used for “the operate “consume too much energy.
When there is confirmation of reasonable (around 50%) clean energy use by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions, he said in the tweet.
Our Standards: Thomson Reuters Trust Principles.
[ad_2]
picture credit