The push by Tesla has driven the market capitalization of Bitcoin to $851 billion with about a 63% dominance rate in the market.
On Monday, Ocugen stock was the most actively traded stock with a volume of 504.7 million shares.
By adding a crypto wallet and exchange capabilities, Apple could attract a huge customer base due to its up to standard security system.
Bitcoin surge is Tesla-fueled according to some analysts as the price of the digital coin started to rise just minutes after Tesla broke the news.
The coronavirus vaccination program in the United States of America and around the world is also a boost to the growth of the global stock market.
Palantir stock price is moving higher these days being boosted by the announcement about the company’s new partnership.
Tesla has joined the league of companies with Bitcoin as treasury reserve, becoming the first S&P 500 company to purchase digital assets.
Stating that competition among crypto exchanges “is light,” the analysts suggested that Apple may be the solution to challenges in the crypto space.
Tesla’s Bitcoin purchase has provided Bitcoin the much-needed catalyst to break past all resistance and hit a new all-time high at $47,500. With over a 22% rally in the last 24-hours, BTC overtakes Tesla’s valuations.
Wall Street’s rally has resulted mostly from investors’ bet on a new fiscal relief package and a global vaccine roll-out that could lead to a faster economic recovery.
Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.
Thanks to this partnership, users across Germany would have access to a consistent customer experience and an optimized performance.
Reddit’s huge bet might have been viewed as too risky but the company’s popular logo that was visible at the bottom of the ad made all the difference.
Musk stated that his book will be a review of his “two decades of intense work”. He said he would go through old emails, notes, and texts.
Tencent has, however, vehemently denied the claims by ByteDance and said they are only meant to cause defamation.