BTC price battles 200-week moving average after $930M Tesla Bitcoin sale
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD focusing on the $22,800 zone after dropping from multi-week highs of $24,280 on Bitstamp. The pair had reacted swiftly but comparatively modestly to the revelation by Tesla that its Bitcoin position was reduced 75%, or $936 million, in Q2. Comments by CEO Elon Musk which avoided direct criticism of the largest cryptocurrency appeared to help stem the losses. In the company's earnings call, he stressed that the sell-off "s...
BTC price battles 200-week moving average after $930M Tesla Bitcoin sale
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD focusing on the $22,800 zone after dropping from multi-week highs of $24,280 on Bitstamp. The pair had reacted swiftly but comparatively modestly to the revelation by Tesla that its Bitcoin position was reduced 75%, or $936 million, in Q2. Comments by CEO Elon Musk which avoided direct criticism of the largest cryptocurrency appeared to help stem the losses. In the company's earnings call, he stressed that the sell-off "s...
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