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The Bitcoin mining sector now sources 56.76% of its energy from renewable or clean energy solutions, as reported by Woocharts. This represents a consistent rise in eco-friendly energy use since April 2021, reflecting the industry’s efforts to minimize environmental harm. Woocharts’ figures, aligned with the sustainability standards set by the Cambridge Center for Alternative Finance, emphasize the role of wind, solar, hydroelectric, and nuclear power in driving mining operations.
Elon Musk said Tesla would accept #Bitcoin if it’s 50% renewable
— Quinten | 048.eth (@QuintenFrancois) December 27, 2024
$BTC is now at 56.76% sustainable energy use
Higher than any other industry in the world
Your turn @elonmusk pic.twitter.com/HXtZQBKdRp
This progress is particularly noteworthy, given Tesla CEO Elon Musk’s earlier statement that the company might resume Bitcoin payments when mining surpassed 50% clean energy usage. With Tesla owning 11,509 BTC as of the third quarter of 2024, reinstating Bitcoin transactions could encourage greater institutional involvement and market enthusiasm. This breakthrough highlights Bitcoin’s adaptability and strengthens its position for future expansion.
Key Bitcoin Levels To Watch – January 1
The BTCUSD pair shows bullish momentum, with prices rebounding from the $90,000 psychological support level. The daily chart reflects an upward trajectory, supported by a 9-day Simple Moving Average (SMA) acting as dynamic support. Key resistance lies at $95,330, with a breakout potentially targeting $100,000 and higher levels at $108,390.
Stochastic indicators are near oversold levels, signaling a potential reversal to the upside. The recent price action indicates a strong defense of lower support, highlighting bullish confidence. A sustained move above $95,000 could validate upward movement toward higher resistance zones.
BTCUSD Key Levels
Resistance Levels: $100,000, $108,340, $115,000
Support Levels: $90,000, $73,840, $66,780
BTC/USD Metrics
Total Market Capitalisation: $3.33T
Bitcoin Market Capitalisation: $1.88T
Bitcoin Volume: $22.33B
Market Rank: #1
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