
Elon Musk’s Tesla dumps 75% of Bitcoin holdings as profit plunges
The selling of Bitcoin holdings added $936 million to its balance sheet; Bitcoin is trading 2.37% down at $22,903.48
The selling of Bitcoin holdings added $936 million to its balance sheet; Bitcoin is trading 2.37% down at $22,903.48
Bitcoin rose 7.5% to hit one month high of $23,526 in the past 24-hour trade; the world’s largest crypto has gained 18.5% in a week.
IC15 is a broad market index by market capitalisation, which tracks and measures the performance of top 15 widely traded liquid cryptocurrencies.
Industry experts are optimistic that there will not be a blanket ban and the speculation around the term ‘private cryptocurrencies’ will be put to rest once the fine print of the bill is out.
The move to "prohibit" comes after the PM had warned young investors about the perils of cryptocurrency, and chairing top-level deliberations on the issue.