Topping the CoinMarketCap’s chart of gainers on Sunday night was
Theta Fuel (TFUEL), up 36.2% over 24 hours at $0.59. The cryptocurrency has shot up 28.85% over seven days.
TFUEL gains against BTC and ETH stand at 25.87% and 31.34% respectively.
Why It Matters: Bitcoin got a boost after Musk said in a tweet that Tesla’s liquidation of 10% of its holdings was “to confirm BTC could be liquidated easily without moving market.”
The entrepreneur said that when there is reasonable confirmation of “clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions.”
Tesla had stopped accepting BTC payments citing environmental concerns in May. This had precipitated a massive decline in BTC prices.
On the CBDC (Central Bank Digital Currency) front, Bank of Thailand has started prototyping a digital currency format with a horizon of three years to implement. More such experiments are likely and will boost adoption of the cryptocurrency market in future.
Bitcoiners descend on Miami for a sold-out conference, why some think BTC is more likely to head to $100,000 than $20,000, and Dogecoin rallies on Coinbase Pro listing.