Bitcoin tumbles after Musk implies Tesla may sell cryptocurrency

tesla bitcoin musk cryptocurrency tumbles
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Bitcoin tumbles after Musk implies Tesla may sell cryptocurrency

Elon Musk continued to whipsaw the price of bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.

Bitcoin slid below $45,000 for the first time in almost three months after the billionaire chief executive of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5-billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. Sunday in New York, down about $4,000 from where it ended Friday.

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