6/13, 11:24 PM (Source: TeleTrader)
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Bitcoin surges over 10% after Musk's tweet

Bitcoin price jumped over 10% on Sunday after Tesla CEO Elon Musk clarified that his company will resume using the world's most famous cryptocurrency in transactions "when there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend."

Earlier this month, El Salvador became the first country in the world to accept Bitcoin as legal tender, seemingly lifting investor sentiment.

Bitcoin rose 9.85% to reach $39,044 at 5:18 pm ET shortly after hitting a daily record of $39,374.

Breaking the News / MS