Elon Musk Has Sold $6.9 Billion Worth of Tesla Stocks This Week, Is There a Bitcoin (BTC) Connection?
Elon Musk, the billionaire CEO of the most successful EV Tesla company has sold another 1.2 million in TSLA stocks worth $1.2 billion. Musk has offloaded a total of $6.9 billion worth of his company’s stocks over the past week, making it the largest ever stock disposal by the CEO of any company.
The Securities and Exchange Board of India (SEBI) approved the Invesco CoinShares Global Blockchain UCITS ETF, making it a first of its kind in India. The said ETF in question offers exposure to global crypto and blockchain firm.
The Securities and Exchange Commission (SEC) has approached the court, seeking an order compelling the Terraform Labs, and its co-founder and CEO, Do Kwon, to produce required documents and issue a testimony for the SEC’s former investigative subpoenas regarding the company’s Mirroring feature.
As Bitcoin surges have become a routine in the bull season, Nigeria has also become more alert of its CBDC promotions or lack of it. Given the Central Bank of Nigeria’s continued stance on its Bitcoin ban, the country is forced to remain barren to the Bitcoin bull profits.
Shiba Inu is down 2% over the last 24 hours and trades with a bearish bias at $0.00005140. SHIB’s trading volume and market value have also decreased as it loses a spot among the top 10 coins by market capitalization. Overcoming the $0.000055 resistance level will confirm Shiba Inu’s bullish breakout.
After hitting its all-time high of $69,000 earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) has been moving sideways. As of press time, Bitcoin is trading 1.75% down at a price of $63,823 with a market cap of 1.203 trillion.Some on-chain metrics show that long-term BTC holders have started with profit-booking and distributing their coins for the first time in six months.