Bitcoin tumbles after Musk implies Tesla may sell cryptocurrency

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.