With bitcoin pushing back toward $24K as ether extends its extraordinary rally, plus a look at tokenized carbon credits, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Tesla’s initial BTC purchase contributed to a wild, two-year price climb. But markets were unphased after the car company offloaded most of its bitcoin.
The electric car maker became a proxy for investors looking to take a position in the cryptocurrency without buying it directly, but its recent jettisoning of $936 million of BTC suggests the company wasn’t all that committed to the asset.
The price of bitcoin fell about 1.7% following the news but regained its losses after CEO Elon Musk said Tesla was open to boosting its bitcoin exposure in the future.