Elon Musk tweets again plunges Bitcoin price
A tweet by Elon Musk which suggested that Tesla (TSLA) had sold their Bitcoin holdings sent the price of the cryptocurrency crashing again
The latest cryptocurrency drama began Sunday when a user named CryptoWhale tweeted: “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #bitcoin holdings.”
“With the amount of hate @elonmusk is getting, I wouldn’t blame him,” the user added.
Musk responded simply about an hour later: “Indeed.”
Within hours, bitcoin had fallen below $43,000, having lost more than 8% over the last day, according to cryptocurrency tracker Coinbase. It had already lost some ground earlier on Sunday, but accelerated losses after Musk’s post.
Elon Musk has tweeted to “clarify speculation” after his posts sent the price of bitcoin and other cryptocurrencies plunging.
The Tesla chief executive had sent a tweet that some had read as suggesting that it had sold its vast bitcoin holdings.
“To clarify speculation, Tesla has not sold any Bitcoin,” he wrote in reply to one person who pointed to the considerable impact his posts had on the price.