Bitcoin rose to nearly $ 40,000 after Elon Musk met with miners

On Monday evening, May 24, Bitcoin's price rose 5% to surpass $ 38,000 after Elon Musk announced that he is currently in talks with North American Bitcoin miners. Meeting Focusing on Sustainable Cryptocurrency Mining Initiatives, After Tesla CEO Elon Musk tweeted that he was in active talks with Bitcoin miners about the long-term viability of the digital currency, Bitcoin Approached $ 40,000 Again. The meeting resulted in the creation of a new Bitcoin mining council to promote the adoption of sustainable cryptocurrency mining initiatives. Spoken with North American Bitcoin miners. They pledged to publish current and planned renewable uses and asked WW miners to do so. Potentially promising, ”Musk wrote in a tweet posted Monday. Upon the announcement, the Bitcoin price rose from $ 37,940 to $ 39,405. Michael Saylor (Tesla is second), CEO of MicroStrategy, the largest Bitcoin owner who also appears to be a coordinated effort, announced that he held a meeting between Elon Musk and executives. major bitcoin miners. North. Including America, Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital and HIVE Blockch. "The newly formed Bitcoin Mining Council is the logical next step in driving an industry shift towards renewable energy," Peter Wall, CEO of Argo Blockchain, told Forbes in a written statement. Wall writes that he "looks forward to working with Michael Saylor and other major North American miners to sustain an industry that collectively improves sustainable mining practices and takes ESG concerns seriously." Other mining companies have also confirmed their participation in the mining council. Marathon Digital Holdings and Hut 8 Mining confirmed their participation and the group's wishes through tweets. Since the news, almost all other major cryptocurrencies are trading higher. Ethereum's price surged over 13% in the past 24 hours to $ 2,550.62.

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