Bitcoin briefly falls after Tesla says it sold 75% of its holdings
The world's largest cryptocurrency slid as much as 0.5% to US$23,268.92 after the news. It later regained losses and was last up 0.21% at $23,301.87.新2投注平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
NEW YORK: Bitcoin stumbled late on Wednesday after Tesla Inc said it converted about 75% of its purchases of the virtual token into fiat currency.
The world's largest cryptocurrency slid as much as 0.5% to US$23,268.92 after the news. It later regained losses and was last up 0.21% at $23,301.87.
Tesla sold $936 million worth of bitcoin in the second quarter, more than a year after it made a $1.5 billion investment during the peak of crypto currency's massive growth and popularity.,
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The company's Chief Executive Elon Musk has been an outspoken supporter of cryptocurrency. His statements on the future of the crypto space or disclosures about his ownership of digital assets often boost the price of dogecoin and bitcoin.
Tesla accepted bitcoin as a form of payment for less than two months before stopping in May 2021. Musk has said the company could restart accepting bitcoin once it conducts due diligence on the amount of renewable energy to mine the currency.
Bitcoin has been in recovery mode so far this week in line with the stock market rally, as investors appear optimistic about the U.S. Federal Reserve's ability to rein in decades-high inflation. - Reuters