Tesla’s website removed the Bitcoin payment code, a move that sent shockwaves through the cryptocurrency market. Tesla's previous announcement to accept Bitcoin payments sparked a wave of gains, but with the reversal of the decision, the bullish signal appears to have died out. This article will delve into the possible impact of Tesla’s move on the Bitcoin market and the cryptocurrency space as a whole.

Tesla is a high-profile electric car maker founded by billionaire Elon Musk. Recently, Tesla removed the Bitcoin payment code from its webpage, which means users can no longer use Bitcoin to purchase Tesla cars. The decision sparked widespread concern and speculation, as well as unease in the market.

Tesla’s previous announcement to accept Bitcoin payments was seen as an important milestone for the cryptocurrency market. As a decentralized digital currency, Bitcoin has always been sought after by investors, and Tesla's support has added confidence and recognition to it. However, with Tesla's sudden policy adjustment, market sentiment began to change.

The news spread quickly, causing shocks in the price of Bitcoin. Bitcoin plunged nearly 20% in 24 hours, sending the market into chaos. Investors have begun to question the long-term prospects of Bitcoin, fearing that Tesla's move may have a negative impact on the entire cryptocurrency market. Tesla’s decision was seen as a bullish signal to go out, and many began to re-evaluate their cryptocurrency investment strategies.

In addition to the volatility in Bitcoin prices, Tesla's move also raised concerns about the cryptocurrency's sustainability. The "mining" process of Bitcoin consumes a lot of energy, and Tesla has previously expressed concerns about the impact of Bitcoin on the environment. Tesla’s decision could stir more companies to question cryptocurrencies and heighten uncertainty within the industry.

In the context of Tesla, this decision has triggered people to think about corporate social responsibility. As a company leading technology and innovation, every move Tesla makes attracts much attention. Its decision is not just a business strategy, but a statement on the environment, society and governance. The deletion of Tesla’s Bitcoin payment code will undoubtedly trigger wider discussion and reflection.

Overall, the deletion of the Bitcoin payment code from Tesla’s webpage is not only a piece of business news, but also triggers people’s deep thinking on cryptocurrency, environment and corporate responsibility. This move by Tesla could have far-reaching consequences for the Bitcoin market and the entire cryptocurrency space. We need to pay close attention to market changes, think about future development trends, and make wise investment decisions. May this event become a starting point for our thinking and lead us towards a more sustainable and responsible financial future.

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Coin Circle (120btc.COM) News: Electric vehicle giant Tesla announced in March 2021 that it would accept consumers to use Bitcoin to pay for car payments, but it urgently stopped after more than one month of implementation. Yesterday (20), the encryption community once again discovered that “bitcoin” related codes appeared again in the source code of the payment page of Tesla’s official website.

 Tesla deletes code on 21st

Today (21), the community once again discovered that it was suspected that Tesla had learned of this news and specifically deleted the code related to the "bitcoin" payment option in the web page code.

Although it is impossible to confirm whether the previously appeared Bitcoin-related codes were specially added to the Tesla official website or whether the old codes have not been completely cleared, it still aroused discussions in the Bitcoin and Tesla communities. Tesla was probably worried about causing unnecessary confusion in the market, and subsequently deleted the code. This also disappointed many Bitcoin supporters, who believed that Tesla should not close Bitcoin payments.

 Tesla fell more than 9% yesterday

Tesla's price-cutting strategy worked, sacrificing gross profit margin and profit margin to sprint for sales, making Q2 financial report revenue hit a new high. However, investors showed pessimism about Tesla's financial report during the session on the 20th U.S. time, closing at $262.9, a decrease Reaching 9.74%.

Tesla's stock price will rebound in 2023 and has so far risen sharply by 143%.