Tesla report reflected positively on the market
The crypto market, which had fallen with Microsoft's loss of profit the day before, made up for its loss with the announcement of the Tesla report.
The buying appetite in the crypto money market showed itself again at the end of two days. After the Microsoft balance sheet was announced on Tuesday, Bitcoin, which retreated from the $ 23,400 region to $ 22,300, recovered in the evening. Especially after the Tesla report, Bitcoin, which rose to $ 23,800 at night, reached the highest level of the last five months. In the first place, Bitcoin, which could not sustain in this region and faced resistance again, is priced at $23,000 in the morning. After the Bitcoin dominance increased to 44.8s, Ethereum, which was stressed and pulled up to $1500, rose again above $1600. Altcoins, which have been under pressure for a few days, have also recovered, along with Ethereum, which is currently finding buyers at $ 1610 levels.
Tesla report reflected positively on the market
The Tesla report announced at night was effective in the recovery of the crypto money market, which left behind a day of high volatility. Tesla company, owned by Elon Musk, known for its closeness to Bitcoin, and holding Bitcoin on its balance sheet, announced its 4th quarter report yesterday. The company, which sold 75% of its Bitcoins in its 2nd quarter balance sheet, thus did not touch its Bitcoin assets for 2 consecutive quarters. It is stated that Tesla currently holds about $200 million worth of Bitcoin. After the balance sheet data, the risk appetite in the markets increased again and the environment turned positive.
After the Bitcoin price approached the $22,000 level, the total value of the crypto money market, which approached the 1 trillion limit, has again exceeded 1 trillion 50 billion dollars. The fact that the daily volume continued its upward trend and exceeded 62 billion dollars yesterday was another data that raised the morale in the market.
