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What is the price of Bitcoin and Ethereum, Wednesday, August 18

After being down all last week, Bitcoin and the rest of the cryptocurrencies rose again considerably but today it is down

During the past weekend all digital currencies They rebounded in value and this trend continued this week. However, today Bitcoin started the morning again with a slight drop: it is trading at $ 45.241.90 and In the last 24 hours, the price variation of the digital currency was -3.35%.

Currently, the market capitalization of Bitcoin is u $ s851,811,836,422 and circulate 18,789,800 BTC.

The variation of the price of Bitcoin in the last year. Source: coinmarketcap.com

On the platform for buying and selling cryptocurrencies Gravel, the BTC today reaches the value of $ 8,178,708.53 in pesos for the purchase and 7,835,300.89 for the sale, with a variation of 1.35%. It should be noted that this new value is tied to that of the parallel dollar in Argentina.

The variation in the price of Bitcoin in pesos in the last year. Source: Ripio.

The price of the other cryptocurrencies:

  • Ethereum: u $ s3,032.29 (-6.50%)
  • Dogecoin: u $ s0.29 (-11.79%)
  • Bitcoin cash: u $ s639.81 (-7.01%)
  • Chainlink: u $ s25.93 (-12.38%)
  • Binance Coin: u $ s397.36 (-7.76%)
  • Litecoin: u $ s169.06 (-7.60%)
  • Polkadot: u $ s23.85 (-9.86%)
  • Cardano: u $ s1.99 (-5.42%)

Tesla returns to Bitcoin

After the Bitcoin debacle and the crypto world catapulted, among many other factors, by the announcement of Elon Musk, CEO of Tesla when you confirmed that you would no longer accept digital currency as a means of payment in your signature, the holder could reverse the decision and accept the cryptocurrency again.

This Wednesday, July 21, the executive director of the automotive brand and SpaceX participated in the conference Bitcoin “The B Word” next to Jack Dorsey, Twitter CEO in a live debate on the current and future of the ecosystem.

In it, Musk confirmed a news that generated an unexpected impact on the industry. He advanced what what “Most likely, Tesla will accept Bitcoin again.” In line with this, he explained that his hope with Bitcoin is to achieve a “better standard of living and provide greater power to the individual.”

Elon Musk, CEO of Tesla, advanced the possibility that his company will accept Bitcoin as a means of payment again

Elon Musk, CEO of Tesla, advanced the possibility that his company will accept Bitcoin as a means of payment again

On the other hand, he stated that he currently owns Bitcoin, Ethereum and Dogecoin, while remarking that his company Spacex has units of the first.

Likewise, the businessman was optimistic with the evolution of the main cryptocurrency: “Bitcoin alone simply cannot scale to be the world’s monetary system, but it could scale to the size of the entire global monetary system with a second layer. I would like Bitcoin to be successful. “

From the controversial decision of May, to reviewing their situation

A word from him will suffice to make it go up. Or go down. As well as Elon musk made the value of Bitcoin by announcing that migrated part of its treasury to cryptocurrency at the beginning of the year, in the middle of published on Twitter that the asset will no longer be accepted as a means of payment.

We suspend vehicle purchases with Bitcoin. We are concerned about the rapid increase in fossil fuels for mining of Bitcoin and transactions, especially the Coal, which produces worst emissions than any other fuel, “Musk had pointed out then on the social network.

In addition, he had remarked that “the cryptocurrency is a good idea on many levels and we think it has a promising future, but this cannot come at such a high cost to the environment.

“Tesla will not sell any Bitcoin and we will try use it for transactions as soon as mining shifts to a more sustainable way. We are also looking for cripcurrencies that use less than 1% of energy that consumes Bitcoin for each operation “, closed the businessman.

The effect did not take long to arrive: the leading cryptocurrency, which was at that time within the zone of $ 55,000, quickly lost value until reaching the $ 51,000. Nor did the criticism delay, which was based on the fact that:

  • 75% of miners use renewable energy
  • A lot of energy is not used for transactions, yes to maintain the system

Even the cryptocurrency Solarium, which does not use mining, replied to the tycoon “the DMs are open”, inviting you to chat privately on the possibility of accepting this currency.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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