Bitcoin was trading nearly 2% lower early Tuesday morning after passing $40,000 per coin on Monday.
The price was around $37,393 per coin, while rivals Ethereum and Dogecoin were trading around $2,216 and 20 cents per coin, respectively, according to Coindesk.
BITCOIN TOPS $40,000 FOR THE FIRST TIME SINCE JUNE
On Monday, Tesla made history, surpassing Wall Street expectations with its second-quarter earnings results with a net profit exceeding $1 billion for the first time. Tesla also reported a Bitcoin-related impairment of $23 million.
Meanwhile, Coindesk reported Huobi dissolved an entity called Beijing Huobi Tianxia Network Technology Co., Ltd. Last week. It will be deregistered in 45 days, according to a notice posted on China’s national enterprise system.
The dissolved entity was created “in the early stages of development” and “has not had business operations,” a company spokesperson told CoinDesk via WeChat.
In other cryptocurrency news, Argentinian crypto exchange Lemon has raised $16 million to expand operations in Latin America, Coindesk reported.
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The company plans to expand operations by the end of next year into Chile, Colombia, Ecuador, Peru and Uruguay, the report said.