On March 24, Tesla CEO Elon Musk announced that U.S. consumers at the moment are capable of buy Tesla autos with Bitcoin (BTC). Musk additionally tweeted that Tesla won’t convert BTC funds into fiat however will add to its present treasury of about 48,000 Bitcoin. 

Wedbush Securities analyst Dan Ives expects Bitcoin to account for lower than 5% of Tesla transactions, however the proportion may transfer up as crypto adoption will increase. The analyst stated the transfer by Tesla may very well be a defining second for Bitcoin from a transactional viewpoint.

Every day cryptocurrency market efficiency. Supply: Coin360

This week, CNBC host Jim Cramer thanked Anthony Pompliano on the Pomp Podcast for convincing him to take a position $500,000 in Bitcoin (BTC) in September 2020. Cramer stated his Bitcoin funding has made him “a ton of cash.”

Nonetheless, throughout the identical interval, Cramer stated his gold funding “let him down.” As a consequence of this, Cramer altered his age-old recommendation of allocating 10% of the portfolio to gold. He now recommends buyers put 5% of their portfolio allocation in gold and 5% in Bitcoin.

With optimistic information movement appearing as a tailwind, may Bitcoin and main altcoins resume their uptrend? Let’s analyze the charts of the top-10 cryptocurrencies to seek out out.