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European stocks slide; bitcoin retreats from record highs – as it happened
Rolling coverage of the latest economic and financial news as investors cooled on European stocks and oil futures
- Tesla buys $1.5bn in bitcoin, pushing price to new high
- Tesla should stick to what it’s good at – and that isn’t bitcoin
The big market story today was bitcoin’s new record high of more than $48,000 this morning.
The cryptocurrency extended its gains overnight after Tesla disclosed its own $1.5bn investment in bitcoin and said it is likely to start accepting it as payment for its cars in the future.
Wall Street is open for trading. Here are the initial prints:
Read the original article at The Guardian