Advertisement
AD

Main navigation

Bitcoin Spikes 6 Percent in Minutes as Elon Musk Confirms That Tesla Still Holds It

Advertisement
Mon, 17/05/2021 - 6:12
Bitcoin Spikes 6 Percent in Minutes as Elon Musk Confirms That Tesla Still Holds It
Cover image via www.facebook.com
Read U.TODAY on
Google News

In his latest tweet, Tesla CEO Elon Musk has confirmed that the e-car manufacturer hasn't sold any Bitcoin as of today.  

Advertisement

As reported by U.Today, Musk posted an ambiguous one-word reply on Sunday that many believed could indicate that Tesla had cashed out its holdings (or intended to do so). 

The billionaire has soured on Bitcoin after a bitter spat with the community, recently criticizing it as centralized and predicting that meme cryptocurrency Dogecoin could win against it.

Related
Elon Musk Wants to Go "All In" on Dogecoin Because of "Obnoxious" Bitcoin Threads

Tesla stopped accepting Bitcoin for vehicle purchases last week but claimed that it would keep the top cryptocurrency on its balance sheet.            

Bitcoin has instantly trimmed some of its recent losses, spiking over 6 percent in mere minutes on Musk's tweet. The flagship coin is currently trading above $45,000.

BTC
Image by tradingview.com

Earlier today, the cryptocurrency plunged to its lowest level since Feb. 8.             

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD