On Wednesday, March 24, the cryptocurrency market returned to growth. Following bitcoin, almost all the largest altcoins began to gain value.
Related: Tesla Enables Purchases with Bitcoin
The BTC rate has grown, and the cryptocurrency capitalization now exceeds $ 1.047 trillion. Of the top ten, Litecoin (LTC) and ChainLink (LINK) show the best performance, having risen in price by more than 3% to $ 197 and $ 27.6.
Ether (ETH) and Binance Coin (BNB) strengthened to $ 1,725 and $ 265, respectively. Market capitalization increased to $ 1.58 trillion.
The most important factor driving the rise in the price of bitcoin was the news that the American company Tesla began to accept bitcoin as a payment instrument.
Back in early 2021, it became known that this giant had invested $ 1.5 billion in BTC. At the same time, Elon Musk's company announced its readiness to use cryptocurrency in the future.
Tesla's CEO tweeted that it is now possible to buy electric vehicles with bitcoins. Moreover, the cryptocurrency will not be converted into fiat money. The giant will accumulate the coins received from the sale of electric cars.
Musk himself admitted that by the end of this year it will be possible to buy electric cars for BTC not only in the United States but also in other countries.