ELON MUSK'S TWEETS HAVE ALL OVER AGAIN SENT BITCOIN ON A WILD RIDE

 

Elon Musk is all over again giving crypto markets whiplash.

The Tesla (TSLA) business executive has currently spoken communication that his company has not oversubscribed any bitcoin (XBT) once earlier showing to recommend the other. His original Twitter exchange had diode bitcoin to increase its losses.

The latest cryptocurrency drama began Sunday once a user named CryptoWhale tweeted: "Bitcoiners square measure progressing to slap themselves next quarter once they resolve Tesla drop the remainder of their #bitcoin holdings."

"With the quantity of hate @elonmusk is obtaining, i would not blame him," the user another.

Musk responded merely regarding Associate in Nursing hour later: "Indeed."

Within hours, bitcoin had fallen below $43,000, having lost over V-E Day over the doomsday, in keeping with cryptocurrency huntsman Coinbase. It had already lost some ground earlier on Sunday, however, accelerated losses once Musk's post.

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…

— Mr. Whale (@CryptoWhale) May 16, 2021

 

Indeed

— Elon Musk (@elonmusk) May 16, 2021

Musk later announces a follow-up tweet, writing: "To clarify speculation, Tesla has not oversubscribed any bitcoin."
The value of the digital currency like a shot jumped by three.7% — from $42,566 to virtually $44,138 — at intervals regarding 5 minutes of Musk's tweet, in keeping with Coinbase.

Tesla didn't like a shot answer letter of invitation for comment regarding its holdings within the digital currency.

Musk's posts came simply days once he caused another stir last week whereas saying that Tesla would reverse plans to just accept bitcoin as payment for its cars. He cited bitcoin's high environmental price as a reason for the move.