Other cryptocurrencies like ether, dogecoin also continued to gain after Tesla boss said that he personally owns the above three digital tokens, while Tesla and SpaceX both exclusively own Bitcoin. Ether, the coin linked to ethereum blockchain, was trading above the $2,000 level as it surged over 4% to $2,066. Digital tokens like Cardano, XRP, Litecoin, Stellar, Uniswap were also trading with decent gains over the past 24 hours. Tesla Inc. already owns Bitcoin but Chief Executive Officer Musk revealed at a conference on Wednesday that his space exploration company SpaceX also does. Tesla suspended purchases using Bitcoin in May on concerns about fossil fuel use in mining, triggering a slide in the digital currency.

Source: Mint July 23, 2021 02:11 UTC