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Bitcoin fails to break $41,000 even as ‘green’ crypto mining gains traction. What’s next?

The world's largest cryptocurrency by marketcap is down nearly 40% from its all-time highs. And even good news isn't helping price.

Bitcoin fails to break $41,000 even as ‘green’ crypto mining gains traction. What’s next?

Cover art/illustration via CryptoSlate

Bitcoin price crossed the $40,000 region for the first time in the last two weeks as Tesla CEO Elon Musk joined the chorus for green alternatives for crypto mining.

Musk tweeted last week that Tesla will start accepting Bitcoin as payment once again after 50% of the miners move to greener alternatives for Bitcoin mining.  Power consumption has been a controversial topic in recent times, attracting criticism from several quarters and creating bad press for Bitcoin.

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