Bitcoin nears $40,000 after Elon Musk spoke to miners on energy usage


Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future.

Artur Widak | NurPhoto | Getty Images

The price of bitcoin is approaching $40,000 once again after Tesla CEO Elon Musk tweeted that he was having active discussions with bitcoin miners regarding the sustainability of the digital coin.

Bitcoin on Tuesday was trading at around $37,961.32 at 5:54 a.m. ET and its price has risen over 4% in the last 24 hours, according to data from CoinDesk.

Almost all of the other major cryptocurrencies are also trading higher.

Ethereum’s price has risen more than 13% to $2,550.62 in the last 24 hours, while…


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