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Bitcoin (CRYPTO: BTC) saw big gains today, as well as shares of companies linked to the world’s number one cryptocurrency following Elon Musk’s reassuring tweet that Tesla will accept the main cryptocurrency again .
What Happened: Data from CoinMarketCap suggests the price of Bitcoin rose more than 14.3%, from its 24-hour low of $ 36,000 to a high of nearly $ 41,000, before to settle at its current price of $ 40,850 at the time of publication.
According to Paolo Ardoino, CTO of Bitfinex, “the king of crypto is taking the cryptocurrency markets higher.”
Meanwhile, the utility and use cases of Bitcoin such as the Lightning Network continue to strengthen and develop. While it is important to always have a long-term view, quiet optimism returns to the market, ”he added.
Read also: Elon Musk sets record when Tesla accepts Bitcoin again
Shares of cryptocurrency mining firm Riot Blockchain Inc. (NASDAQ: RIOT) rose more than 20% today, even beating Bitcoin’s growth over the past 24 hours, with the price of share of $ 37.25.
Shares of Microstrategy (NASDAQ: MSTR) rose 15% today and were trading at $ 590 at the time of publication. The company invested almost all of its income in Bitcoin and raised additional capital through bond issuance to buy even more.
Microstrategy recently announced plans to raise $ 400 million to buy Bitcoin, but then decided to raise $ 500 instead, and the bond offering was oversubscribed to a total of $ 1.6 billion.
Finally, Tesla Inc (NASDAQ: TSLA) saw its shares rise 1.4% today after Musk’s statement.
The shares were trading at $ 618 at the time of publication.
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