Tesla CEO Elon Musk clarified in a tweet early Monday that the electric vehicle maker "has not sold any Bitcoin." Teslaâs Chief executive Elon Musk announced that Tesla is suspending purchases using bitcoin, triggering a downfall of more than 15%. Tesla said in February that it had invested around $1.5 billion in Bitcoin and it ⦠Bitcoin slid on Sunday after Elon Musk appeared to say Tesla was shedding its holdings of the cryptocurrency. He also made a cryptic tweet ⦠Dogecoin went up by about 30% in the past 24 hours following Elon Musk tweet. Elon Musk wiped out more than $360 billion of value in Bitcoin with a tweet that Tesla would stop accepting the digital token for car purchases, due to ⦠Bitcoin has seen a sudden drop in value over the past few hours, with a single Bitcoin down by more than $7,000 (£5,000). Bitcoin, the worldâs biggest digital currency, fell almost 17% after the tweet to its lowest point since the beginning of March. Elon Musk, the worldâs second-richest person, tweeted late on Wednesday that Tesla Inc. wouldnât take payment in Bitcoin for its electric vehicles. The price of bitcoin is down more than 7% for the day, although some of that decrease occurred prior to Muskâs tweet: The spat began after Schiff senior criticized Elon Muskâs decision to allow Bitcoin payments to buy [â¦] A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. Bitcoin fell more than 10% after Tesla CEO Elon Musk tweeted his decision to suspend its use for car purchases. Elon Musk: âWe're concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of ⦠Bitcoin vs Gold argument will never get old, at least in the Schiff family. Elon Musk is taking down Bitcoin 'experts' one tweet at a time Premium The promise of a juicy reward has fueled the rise in giant data centres dedicated to bitcoin (MINT_PRINT) 1 min read. The tweet from Musk sent the price of bitcoin down more than 4% (and falling). The tweet said Tesla might dump rest of its Bitcoin holdings. Julie Bushnell said she felt ashamed and embarrassed after falling for a Bitcoin fraud that cost her £9,000. A tweet from Tesla CEO Elon Musk, making inaccurate claims about Bitcoinâs energy use, likely caused a dip in the bitcoin price. Elon Musk mentioned no ⦠Elon Muskâs Bitcoin Twitter Profile and Tweets Spacex and Tesla CEO Elon Musk changed his Twitter profile to â#bitcoinâ on Friday morning. On Monday, Tesla CEO Elon Musk replied to a tweet to âclarify speculationâ saying that Tesla has not sold any Bitcoin. Elon Musk Impersonators Running Cryptocurrency Scam Made Over $2 Million in Fake Giveaways Indeedâ Elon Musk (@elonmusk) May 16, 2021 The 49-year-old businessmanâs simple response caused a plunge in Bitcoin rates by 20 percent on Monday. ELON Musk's contradictory tweets about bitcoin could see him "in trouble with the US Securities Exchange Commission" (SEC) a cryptocurrency expert has claimed. Elon Musk is at it again. Earlier this month, Musk rolled back Teslaâs decision to accept payment in bitcoin citing environmental reasons. Elon Musk has called the energy used by bitcoin âinsaneâ in another critical tweet. New York (CNN Business)What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin sound-off from Elon Musk. Just six short words were enough to flurry up a tweetstorm as the founder of SpaceX and Tesla wrote: âBitcoin is *not* my (The billionaire had announced in ⦠It recovered slightly ⦠Recently, advocate for the yellow metal, Peter Schiff, and his Bitcoin maximalist teenage son Spencer Schiff went public with disagreements about their choice of investment. Bitcoin Value Takes an 8.5% Dip After Elon Musk's One-Word Tweet Musk has also clarified that Tesla has not sold any of its Bitcoin assets. It used the name of entrepreneur Elon Musk and a ⦠Bitcoin â as well as dogecoin and other cryptocurrencies â have dropped in value in the wake of a critical tweet from Elon Musk. The Tesla and SpaceX billionaire has sent Dogecoin and Bitcoin on a roller coaster this monthâand exposed weaknesses in the cryptocurrency market along the way. Elon Musk went from cryptocurrency hero to villain with Bitcoin tweet One tweet from Elon Musk caused the world of cryptocurrency to go into meltdown. Bitcoinâs 'entire story falling apartâ â expert's 'devastating' warning before Musk tweet BITCOIN could be set for its "entire story to fall ⦠(CNN Business)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. The market has since pared some losses, and by around 8:30 a.m. the cryptocurrency market had seen around $180 billion wiped off its value since Musk's tweet. Tesla and SpaceX CEO Elon Musk has been known to tweet statements that have elicited warnings, and even charges, from the U.S. Securities and Exchange Commission. In a post on Twitter, Elon Musk announced that they will stop accepting bitcoin as Dropping an innuendo-filled tweet that instantly riled up Crypto Twitter.
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