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Find all the economic and financial information on our Orishas Direct application to download on Play StoreDespite transaction bans and the withdrawal of major influencers, bitcoin, which lost half of its value in a few months, is gradually rising from its ashes.
On May 19, bitcoin fell nearly $10,000 within hours, approaching the $30,000 threshold. At the end of June, China banned mining. Consequence: the exodus of minors to other countries, such as Kazakhstan. EPFL researchers are working on a cryptocurrency whose transactions would prove to be very energy efficient. Today, the cryptocurrency leader is around 50,000 dollars. On April 15, 2021, bitcoin was trading at nearly $64,000, an all-time high. Shortly before, Elon Musk announced that Tesla was going to invest 1.5 billion dollars in bitcoins and that it would soon be possible to buy his cars with the most famous cryptocurrency. A month later, the billionaire abandoned the project, denouncing on Twitter his "crazy" energy consumption. In the process, the currency fell by 10%. In mid-July, the boss of Tesla again did an about-face, specifying that bitcoin remained one of his biggest personal investments.
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