The cryptocurrency market has never been stable. But lately, bitcoin, one of the most popular cryptocurrencies, has been in a real fever. And the American entrepreneur Elon Musk had a hand in this. Over the past week, his messages on Twitter have brought down the Bitcoin price for the second time.
On May 13, Elon Musk announced that his Tesla company would no longer sell its electric vehicles for bitcoins due to the environmental friendliness of the cryptocurrency. Musk explained this decision by the company’s concern about the negative impact of mining on the environment. The market immediately reacted to the statement of the head of Tesla and the bitcoin rate fell by 11% in a few hours to $ 50,900 per coin.
A few days later, while discussing Elon Musk’s statement, one of the users said that many users who own bitcoins will be upset when they learn that Tesla has sold off its “digital assets.” To this, Musk wrote: “Indeed”, not excluding the possibility of selling the bitcoins available to the company. A little later, Musk decided to dispel rumors by stating that Tesla had not yet sold bitcoins. Nevertheless, the market again reacted to the words of the American entrepreneur with a fall. At the time of publication of the news, the bitcoin rate settled at around 44,990 dollars per coin, dropping during trading over the past day to 42,200 dollars.
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