Bitcoin and Ethereum are the leaders of the cryptocurrency asset class. As of November 5, the overall asset class had a $2.696 trillion market cap. 13,669 different cryptos make up the total value, but Bitcoin and Ethereum account for 62.4% as Bitcoin was worth around $1.152 trillion, and Ethereum had an over $528.25 billion market cap.
Amazon.com Inc (Nasdaq: AMZN) has denied a media report on Monday that the e-commerce giant was planning to accept bitcoin payments by the end of 2021.
The report from London’s City A.M. newspaper, a publication distributed for free on the London Underground, cited an unnamed “insider,” who also claimed Amazon had plans to eventually develop its own cryptocurrency.
Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.
Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to $1,993.36. Tesla's shares were down 0.8% at $655.30 in extended trading.
Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity's cryptocurrency business found.
More than half of the 1,100 institutional investors surveyed globally by Coalition Greenwich on behalf of Fidelity Digital Assets between December and April said they had digital asset investments.
Tesla Inc (Nasdaq: TSLA) boss Elon Musk announced Sunday that his electric car company will permit vehicle purchases using bitcoin once it can confirm that 50% of the energy used to mine for cryptocurrency is derived from clean energy sources.
In a tweet, Musk said, “When there’s confirmation of reasonable (-50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing bitcoin transactions.”
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