​​BTC: $39,239.68 (+1.64%) Tesla will back to Bitcoin Tesla | Best Crypto Traders Official

​​BTC: $39,239.68 (+1.64%)

Tesla will back to Bitcoin

Tesla will resume accepting bitcoin (BTC, +11.87%) as payment once the cryptocurrency’s power-hungry miners go halfway green, CEO Elon Musk tweeted on Sunday.

The news appears to have driven the price of bitcoin and other cryptocurrencies up.

Musk halted Tesla’s months-old crypto foray in mid-May citing environmental concerns. But “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in the tweet.

Musk's tweet may have been the propellent to the price of bitcoin which started a sharp upward move about an hour after the tweet was sent. In recent trading, bitcoin was changing hands at $39,200.21, up 9.66%, and leading a sea of green on the price page for other cryptocurrencies.

More details here