Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency
- Date: 17-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency
(Bloomberg) -- 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 owner 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. in New York, down about $4,000 from where it ended Friday.