The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles. Yet bitcoin climbed back above $45,000 after Musk said Tesla had not in fact sold its stake. Bitcoin price drops by more than $3,000, Tesla shares decline about 1.3% in after-hours trading following announcement on Musk’s Twitter account Tesla CEO Elon Musk speaks in 2020. The price of Bitcoin traded below $45,000 (roughly Rs. Tesla stock fell below its 200-day line. The popular cryptocurrency fell by more than 6%, while Tesla stock dipped a … Photo: Maja Hitij/Getty Images The price of bitcoin ( BTC-USD ) crashed to its lowest level since the end of February after Elon Musk sparked concern that Tesla ( TSLA ) could sell its holdings of the cryptocurrency. The price of bitcoin plunged Wednesday after Tesla Inc. founder and Chief Executive Officer Elon Musk said the electric car maker will no longer accept the cryptocurrency as a payment option. Andrew Griffin @_andrew_griffin. But a single tweet from the Tesla CEO sent crypto prices tumbling yesterday in an instant. A question that has long bedeviled bitcoin observers is how to value it. His reverse stance might have caused a reversal in the cryptocurrency market trend which could be damaging the the current bull cycle. Elon Musk has said that Tesla, his electric car company, has not sold any of its Bitcoin holdings. The price tumbled after Elon Musk suggested Tesla may sell its holdings and trolled bitcoin fans. Tesla has — Elon Musk (@elonmusk) May 19, 2021. Its price … Bitcoin price – live: Crypto recovers slightly after Elon Musk sends BTC and other coins plunging. Why Elon Musk Changed His Stance On Bitcoin Elon Musk, the meme-happy Telsa billionaire who has helped bitcoin reach a $1 trillion market capitalization this year, continues to tease the cryptocurrency market. ELON Musk has again tweeted his support of Dogecoin as the cryptocurrency rose by 17% this weekend following a midweek slump.Yesterday the Tesla found Musk last week said Tesla suspended Bitcoin payments for its automobiles, causing Bitcoin’s price to plummet from approximately $54,800 to under $50,000 less than 24 hours later. Bitcoin Price Dives After Elon Musk Announces Tesla No Longer Accepts It Matt Stieb 8 hrs ago. Price of Bitcoin sinks 15% after Elon Musk says Tesla will no longer accept it as payment saying he is 'concerned' about the amount of fossil fuels used to process the cryptocurrency. Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency. Elon Musk was once synonymous with Bitcoin price increase as each time his company’s involvement with crypto was made public, coins pumped. SoftBank's Masayoshi Son says he expects even more massive returns from his … The price of Bitcoin further plunged on Sunday after Tesla CEO Elon Musk suggested, in a tweet, that his company may or may not have sold off its Bitcoin holdings. The price of Bitcoin nosedived after Tesla CEO Elon Musk said his company would no longer be accepting the cryptocurrency as payment due to its ties to fossil fuels. Article bookmarked. Bitcoin's Price Consolidates, Elon Musk Tweet Sends Dogecoin Surfing, Filecoin Surges While bitcoin prices have been consolidating just under the $60k handle, a … Bitcoin and Tesla (NASDAQ:TSLA) both slumped in after-hours trading after a critical tweet by CEO Elon Musk. Lately the answer to its worth has been whatever influential people like Elon Musk and star stock picker Cathie Wood say it is. Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin, citing environmental concerns. Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices "seem high.". Elon Musk has been a big cryptocurrency booster of late, even directing Tesla to buy $1.5 billion in Bitcoin for its corporate treasury earlier this year. Bitcoin fell by more than 10 per cent on Thursday night, after Elon Musk tweeted to announce that Tesla is suspending vehicle purchases using the cryptocurrency. 33 lakhs) on Sunday after a tweet by Tesla CEO Elon Musk, an outspoken supporter of cryptocurrency, suggested Tesla may be … After crashing the price of Bitcoin last week when he announced Tesla would no longer accept the crypto as payment, BTC sunk to a 3-month low following Musk… The price responded positively but founds new resistance at $40,000. Tuesday 18 May 2021 17:28. comments. It fell Wednesday, when Musk said those deals were off — an announcement that helped lop about about $10,000, or nearly 20%, from bitcoin’s price in the space of 12 hours. The Bitcoin price tumbled after Elon Musk halted letting people use the cryptocurrency for buying Tesla vehicles. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. Elon Musk's car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future. Musk’s tweet … The cryptocurrency traded below $45,000, the lowest since February. Tesla’s sharp turn on Bitcoin. Bitcoin price: Elon Musk argument ignores 'nuance' of Bitcoin derivatives - expert BITCOIN'S value recently cratered, following an announcement from Tesla CEO Elon Musk that it … Elon Musk is at it again. Musk’s sudden realization that bitcoin might not be eco-friendly to mine caused immediate panic, and the price dropped from around $54,000 to $46,000. This level could become an important area that needs to be reclaimed by the bulls to continue the bounce back to previous all-time highs. It comes after earlier speculation that Tesla had … Elon Musk sparked concern that Tesla could sell its holdings of the cryptocurrency, before later clarifying that the electric vehicle company had not sold any bitcoin. Associated Press The world's most valuable cryptocurrency sank over 10% to a price … Bitcoin $50,000 by February 28th, Elon Musk Dogecoin danger! Bitcoin’s value went into freefall after Tesla CEO Elon Musk tweeted concerns about the cryptocurrency’s negative impact on the environment. Bitcoin dives close to 15 percent after CEO Elon Musk says Tesla will no longer accept it in purchases of electric cars.
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