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Bitcoin News Roundup for Feb. 9, 2021

9.2.2021
With the top two cryptocurrencies setting new all-time highs and analysts grappling with what Tesla's big buy really means, CoinDesk’s Market Daily is back with the latest news roundup

Crypto-friendly US senator invites Elon Musk to move to Wyoming

9.2.2021
Saying the state has "the best laws for digital assets" in the United States, Senator Lummis asked the Tesla CEO if he would consider relocating

Indian Crypto Exchanges Flooded With INR Deposits and New Users After Elon Musk’s Tesla Revealed Bitcoin Purchase

9.2.2021
Indian crypto exchanges have been experiencing a flood of INR deposits and surging trading volumes since it was revealed that Elon Musk’s Tesla purchased $1.5 billion worth of bitcoin. The positive sentiment swept the Indian crypto industry despite the uncertainty of the cryptocurrency bill...

Here’s What the Mainstream Media Makes of Tesla’s Bitcoin Move

9.2.2021
The conventional media has expressed mixed emotions about Elon Musk and Tesla’s move into the world of crypto – announcing yesterday that it purchased bitcoin (BTC) worth USD 1.5bn and hinting the carmaker may be set to start accepting crypto pay. In a damning assessment, Guardian financial...

Tesla's $1.5B Bitcoin purchase leaves treasury experts scratching heads

9.2.2021
Some treasury experts are finding it difficult to understand why Tesla recently bought $1.5 billion worth of Bitcoin — the best performing asset of the last decade

Should Tech Giants Dive Into Cryptocurrencies After Tesla?

9.2.2021
Tesla recently stated of purchasing $1.5 billion bitcoin; the company may begin accepting it as a mode of payment. According to news reports, Tesla closely followed Microstrategy Incorporated’s footsteps, a business analytics and mobility provider of entering the crypto space. Earlier speculations...

Bitcoin Could Rally Further as Tesla Leads Corporates on Treasury Investments

9.2.2021
"The market is now pricing in a high likelihood that many other corporates will copy Tesla," one trader said

Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BTC shorts

9.2.2021
Around $500 million worth of positions were liquidated within hours as the Tesla news caused Bitcoin to spike over $46,000

Bitcoin Tops $45K for First Time as Market Bets Others Will Follow Tesla’s Lead

9.2.2021
That Tesla has invested in bitcoin is an announcement the market had long sought to hear

Market Wrap: The ‘Elon Effect’ Blasts Bitcoin to $44.8K While Ether Moons

8.2.2021
Bitcoin and ether had record-breaking days while trending more together

Tesla’s Buying of Bitcoin Briefly Made Bitcoin More Valuable Than Tesla

8.2.2021
The cryptocurrency was more valuable than all but seven of the world's publicly traded companies

Will Apple be the next company to adopt Bitcoin after Tesla?

8.2.2021
"The firm could unlock a multi-billion dollar opportunity with a few clicks," said analyst Paul Steves

Apple Should Launch Own Crypto Exchange, RBC Analyst Says

8.2.2021
Analysts at the largest bank in Canada noted that after PayPal and Square’s crypto offerings, the market for tech firms creating crypto wallets has already been validated

Blockchain Bites: Tesla Drives $1.5B Into Bitcoin, Brian Brooks Comments on Monetary Debasement

8.2.2021
Tesla plowed $1.5 billion into bitcoin, ETH futures went live on CME, Brian Brooks comments on dollar debasement

Bitcoin Price Surpasses $44k Handle, ETH Futures Launch, Tesla’s Balance Sheet BTC Praised

8.2.2021
The price of bitcoin touched a new all-time high on Monday after the community discovered that Elon Musk’s firm Tesla added $1.5 billion worth of bitcoin to the company’s balance sheet. At press time, bitcoin is meandering over the $43k handle and has an overall market capitalization...