Bitcoin fell rapidly on Tuesday after a massive sale that has 1 week since it started. The digital currency fell 13% to $ 38,585 yesterday and is the lowest level since Feb. 9 when it crossed the $ 40,000 mark.
On May 12, Tesla CEO Elon Musk said the electric car maker would not accept bitcoin as a form of payment for its cars, citing environmental concerns.
High-power computers that solve complex mathematical equations by enabling transactions have a disturbing carbon footprint.
The news of bitcoin being blocked as a form of payment to Tesla came three months after the company bought $ 1.5 billion in bitcoin. At the time he said he would accept bitcoin for buying cars.
Later on Tuesday, three Chinese banking authorities issued a warning to financial institutions not to allow bitcoin to be exchanged for foreign currency.
Or $ 280 billion has been erased from the value of all cryptocurrencies in the last 24 hours and currently 39% away from the record $ 64,829 reached in April. / PCWorld Albanian