Bitcoin Plummets as Elon Musk Reverses Course on Accepting the Crypto at Tesla
On 5/13/21 at 3:59 PM EDT
Elon Musk s decision to no longer accept Bitcoin to purchase Tesla s electric cars slashed billions from the cryptocurrency s valuation, but won t kill investor interest in the sector, analysts believe.
Bitcoin, the world s leading cryptocurrency, fell to $46,294.72 Thursday after Musk s tweet 28.59% below its record high of $64,829.14. It has since recovered about $4,000, but still remained down for the day.
Elon Musk said Tesla won t accept Bitcoin due to environmental concerns. In this photo, SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany.
Inman Connect
Home prices rose on an annual basis in 99 percent of metro areas during the first quarter of 2021, according to a new report released by the National Association of Realtors (NAR).
In addition, 89 percent of metros saw double-digit price gains. In contrast, just 25 percent of metros saw double-digit price growth during the first quarter of 2020. At that time, the national housing inventory was at a more stable 3.3 months of inventory.
Many of the metros that saw the greatest home price increases were located in the Northeast, with Kingston, New York, seeing the highest price increase at a gain of 35.5 percent to a median sales price of $303,100. Following Kingston, Bridgeport-Stamford-Norwalk, Connecticut (34.3 percent increase to $580,400); Atlantic City-Hammonton, New Jersey (34 percent increase to $277,200); Barnstable Town, Massachusetts (33.1 percent increase to $567,600); and Boise City-Nampa, Idaho (32.8 percent increase to $422,600) rounded out the top five m
NAR Quarterly Report: Nearly All Home Metro Areas Saw Rising Prices — RISMedia rismedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rismedia.com Daily Mail and Mail on Sunday newspapers.