Bitcoin surged as much as 9% to hit $39,095 after Tesla’s Elon Musk said he would accept transactions in the digital token in future.
- Musk said he would allow bitcoin transactions upon sufficient confirmation, of about 50%, regarding the use of clean energy in mining
- After initially saying it will accept payment for cars using bitcoin, Tesla changed course, citing the environmental concerns of crypto mining.
Climatic concerns of bitcoin mining and crackdowns saw the world’s largest cryptocurrency fall to a low of $30,000 in May, after hitting a record above $64,000 in April.
BTCUSD is up 0.52%