Musk-fuelled bitcoin surge triggers cryptocurrency exchange glitches

Topics Elon Musk | Tesla | cryptocurrency


Major cryptocurrency exchanges experienced technical issues on Monday as trading volumes soared after billionaire Elon Musk's Tesla Inc revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment.

  The electric-vehicle company's move marked the latest step toward mainstream acceptance of bitcoin, sending it 10% higher on expectations that other companies will soon join asset manager BlackRock Inc and payments companies Square and PayPal in backing the cryptocurrency.   San.

This article is no longer available in our repository.

There could be multiple reasons for this.