TSLATesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future.Artur Widak | NurPhoto | Getty Images
The price of bitcoin is approaching $40,000 once again after Tesla CEO Elon Musk tweeted that was having active discussions with bitcoin miners regarding the sustainability of the digital coin.
Bitcoin was trading around $38,767.62 at 3:30 a.m. ET on Tuesday and its price has risen over 9% in the last 24 hours, according to data from CoinDesk.
Almost all of the other major cryptocurrencies are also higher.
Ethereum’s price has risen more than 15% in the last 24 hours to $2,634.79, while Dogecoin has seen its price rise more than 8% to 35 cents a coin.
A small handful of less well-known cryptocurrencies such as Tether and Dai have seen their price fall in the last 24 hours, but the declines are negligible.
Bitcoin, the world’s most popular cryptocurrency jumped minutes after Musk tweeted: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”
The coin initially popped 4% to hit $39,824.81 a few