Omar Marques | LightRocket | Getty ImagesThe price of bitcoin briefly climbed back above $40,000 on Wednesday morning, a week after its price tumbled 30% to around $30,000. Bitcoin was last trading 3.3% higher at $38,855.50 by 10:00 a.m. Last week’s crypto sell-off came after authorities in China and the U.S. moved to tighten regulation and tax compliance on cryptocurrencies. Bitcoin’s latest price rise comes after Tesla CEO Elon Musk said Monday he spoke to bitcoin miners in North America about renewable energy solutions. Elsewhere, hedge fund billionaire Ray Dalio said in an article published on Monday that he has some bitcoin.

Source: The North Africa Journal May 26, 2021 12:22 UTC