Baidu dropped 8.85% earlier today, as the SEC threatened to remove Chinese companies from American exchanges, including NYSE. The situation was further complicated by new regulatory measures taken by China’s regulators. We expect the Baidu stock to keep moving down in the short term.
Elon Musk announced in a night tweet that his company’s customers “can now buy a Tesla with Bitcoin.” The king of cryptos immediately responded with a massive price surge. Fueled by the news, BTC’s price has broken through the $56.000 level, and it’s likely to go up further.