Tesla, the company of Elon Musk, one of the well-known faces of the crypto industry, announced its first quarter report, how did the data in the report affect the crypto market?
Tesla, the company of Elon Musk, which the crypto world follows with great interest, announced its first quarter report as of yesterday. The main issue concerning the crypto industry was whether Tesla sold Bitcoin (BTC) in the first quarter. The data in the report shows that Tesla did not sell BTC in the first quarter. Stating that he has 184 million dollars worth of BTC in the last quarter of last year, Tesla continues his BTC accumulation in the same way. Tesla, which traded with BTC in the past times of crypto, created a great impact in the crypto market with its first quarter report.
Reflection of the Announced Report on the Crypto Market
Perhaps the most popular name in the crypto world, Elon Musk continues to stay on the agenda with his social media posts for a long time. Tesla, owned by Elon Musk, has attracted great attention with its crypto money moves in the past. Announcing its first quarter report, Tesla asked crypto investors, especially “Is there any BTC buying or selling?” created the question. With the answer to this question, there has been great activity in the crypto market
BTC, which instantly fell from $ 30,400 to $ 28,500, suffered a loss of almost 6 percent. The leading cryptocurrency, which caught buyers at $ 28,500 in the short-term price movement, managed to bring the price up to $ 28,900. BTC, which is currently under $ 30,000, may continue to ring the alarm bells as long as it cannot reach these levels again.
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