Bitcoin recovers after plunge that shaved $1 trillion off crypto market: CNBC After Hours

CNBC.com’s Jordan Smith presents to you the day’s top business news features. On the present show, Kate Rooney separates new information showing that greater financial backers, or “whales” were the ones purchasing bitcoin at the lows of the previous selloff. In addition, Michael Wayland clarifies how Ford’s new all-electric F-150 Lightning intends to contend with General Motors and Tesla.

DEARBORN, Mich. — Ford Motor says its new electric F-150 Lightning pickup will be productive when it shows up in U.S. vendor display areas one year from now, with evaluating between about $40,000 and $90,000.

The pickup, which Ford authoritatively uncovered Wednesday night, takes after the automaker’s present F-150 yet incorporates new inside and outside highlights. It’s controlled by two electric engines and a battery pack rather than a conventional gas motor. It will be offered in two battery choices with focused scopes of 230 miles or 300 miles, Ford said.

The F-150 Lightning is ostensibly the main vehicle to the organization in years. It is relied upon to protect the Ford F-Series’ long term deals administration in the U.S. in the midst of the business’ required shift to EVs. F-Series incorporates the F-150 and its bigger kin. It is a generally $42 billion business for Ford and its greatest benefit community.

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