After rallying about 140% this year to just shy of its all-time high, the digital currency plunged to its lowest level in 10 days, slamming the brakes on a rise that had been fuelled by demand for riskier assets.
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Bitcoin has broken another price record, jumping nearly 15% on the news that Tesla has invested $1.5 billion in the cryptocurrency. The carmaker is also planning to accept Bitcoin as a means of payment.
Cryptocurrency fans were thrilled after a major buy-in from Tesla sent Bitcoin prices soaring. DW's Kristie Pladson writes that the hype shows why the digital coin will struggle to be more than an investment tool.
Brazil reported 1,910 fatalities, with many hospitals at capacity. Meanwhile, US President Joe Biden slammed what he called 'Neanderthal' decisions to drop mask requirements in two states. Follow DW for the latest.
Nigeria — the world's second-largest Bitcoin market after the United States — has banned the trading of cryptocurrencies. It's triggered anger among Nigerians who see cryptos as a safe haven in a battered economy.
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