Bitcoin and cryptocurrency bulls cheered Tesla’s shock announcement yesterday that it has bought $1.5 billion worth of bitcoin.
The revelation pushed the bitcoin price to over $48,000 per bitcoin, an all-time high, and chased away bitcoin bears who feared the price could be about to crash. Meanwhile, other cryptocurrencies also soared, with the wider crypto market topping $1.4 trillion—more than twice where it started the year.
Now, with Tesla
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