UPDATE 5-Musk's Tesla electrifies bitcoin with $1.5 bln bet, car…

By Subrat Patnaik, Anna Irrera and David Randall Feb 8 (Reuters) – Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla Inc revealed it had purchased $1.5 billion of the cryptocurrency and would soon accept it as a form of payment. The announcements, buried deep in …

Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency

Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency. Despite the turbulence, celebrities and others who bought in early are still up big – but small investors who …