Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims

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Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout.

BTC price breaks out past $40,000

Data from TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp.

The largest #cryptocurrency capitalized on the upside that resulted from a new positive tweet by Elon Musk concerning Tesla possibly accepting BTC in the future.

Earlier reported on traders betting on a leg up to around $47,000 before a correction.

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