Photograph: iStock

Bitcoin traded lower on Tuesday as prices pulled back from a double-digit percentage rally, stoked in part by Elon Musk’s effort to bolster the token’(...)

Tesla purchased $1.5 billion  worth of bitcoin, and announced it will soon start accepting the cryptocurrency as a form of payment for Tesla products. Photograph: Michael Reynolds/EPA

Bitcoin hit a fresh record above $47,000 on Tuesday after Tesla’s announcement of a $1.5 billion investment in the largest cryptocurrency. The token (...)