Elon Musk's Comments That Boosted Cryptocurrency Again... Bitcoin Up 14%

Musk "North American Miners Expected to Use Eco-Friendly Energy"
Ethereum Up 26% · Dogecoin Up 17%

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kim Suhwan] Elon Musk, CEO of Tesla, claimed that the Bitcoin mining industry in the United States is very promising, sending a positive signal for cryptocurrencies, which has led to a rebound in prices.

According to CoinDesk as of 6:45 AM KST on the 25th, Bitcoin recorded $38,846, up 14% compared to 24 hours earlier. On this day, Bitcoin showed a maximum increase of 20%, mostly offsetting the 20% decline recorded over the weekend.

Ethereum rose 26% from 24 hours ago to $2,630, and Dogecoin increased 17% to $0.3546.

Other major altcoins also saw gains: Ripple (XRP) rose 20% to $0.9294, Litecoin increased 29% to $179, and Monero traded up 10% at $251.

Earlier, on the 24th (local time), Musk tweeted, "I spoke with Bitcoin miners in North America," adding, "They agreed to disclose their current or planned use of renewable energy. Potentially promising."

Musk had previously criticized Bitcoin's energy consumption and announced that Tesla would stop accepting Bitcoin payments, which was seen as triggering Bitcoin's downward trend. However, by emphasizing that North American miners appear to be using eco-friendly power, Musk seems to be boosting Bitcoin again.

Additionally, Ray Dalio, chairman of Bridgewater, the world's largest hedge fund, publicly revealed that he also holds Bitcoin, further driving Bitcoin's upward momentum.

This content was produced with the assistance of AI translation services.