Bitcoin fails to break $41,000 even as ‘green’ crypto mining gains traction. What’s next?


Bitcoin fails to break $41,000 even as ‘green’ crypto mining gains traction. What’s next?

Start Earning Interest

The world’s largest cryptocurrency by marketcap is down nearly 40% from its all-time highs. And even good news isn’t helping price.

· 2 min read

Bitcoin fails to break $41,000 even as ‘green’ crypto mining gains traction. What’s next?

Bitcoin price crossed the $40,000 region for the first time in the last two weeks as Tesla CEO Elon Musk joined the chorus for green alternatives for crypto mining.

Musk tweeted last week that Tesla will start accepting Bitcoin as payment once again after 50% of the miners move to greener alternatives for Bitcoin mining.  Power consumption has been a controversial topic in recent times, attracting criticism from several quarters and creating bad press for Bitcoin.

To read the rest of this article, sign in or join CryptoSlate Edge.

CryptoSlate Edge helps you understand the cryptoasset market more clearly.

We can all agree that the crypto market is fast-moving and confusing, but CryptoSlate Edge can help make sense of it for you.

Enhanced news coverage
  • Exclusive articles and insights

    Get an analytical edge by accessing members-only articles with curated insights from crypto analysts around the globe.

  • Real-time charts and price snapshots

    Gain a better understanding of the market with real-time charts, price snapshots and more market data in every news article.

  • Explore the companies, products and people in our articles

    We display profiles of people, companies, products, and assets related to every Edge article so you can connect the dots.


Extensive crypto asset and sector data
  • On-chain metrics and social sentiment

    Gain a better understanding of the on-chain trends an explore social sentiment for individual crypto assets.

  • Crypto asset transaction demographics

    Understand where the majority of crypto asset transactions are taking place globally.

  • Explore innovative projects and sectors

    Follow new projects and crypto sectors with our manually curated data for over 50 industry verticals.


What else?
  • Private Telegram community

    As an Edge subscriber, you will access new articles first and engage with the community in our private Telegram channel.

  • A clean, ad-free experience

    We hide all advertisements for CryptoSlate Edge subscribers.

  • Support independent journalism

    As an independent organization in the blockchain industry, we are guided by a strict editorial policy that emphasizes objectivity and transparency in our coverage.




Source link

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here

7 + five =