✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

Elon Musk Causes BTC Crash and Turns To Dogecoin

Published 05/17/2021, 06:58 AM
Updated 05/17/2021, 07:00 AM
Elon Musk Causes BTC Crash and Turns To Dogecoin
TSLA
-
BTC/USD
-
ETH/USD
-

  • Bitcoin prices have strived this week since a sell-off spark by Tesla (NASDAQ:TSLA) billionaire.
  • Elon Musk and Ethereum co-founder Vitalik Buterin wipe $300 billion from the market.
  • The bitcoin price has lost more than 20% over the last seven days.

Bitcoin and crypto prices beyond the board have suffered this week since a sell-off was sparked by Tesla billionaire. To be specific, Elon Musk and Ethereum co-founder Vitalik Buterin helped wipe $300 billion from the market.

Notably, bitcoin price has lost more than 20% over the last seven days, dragging down the entire crypto market. This took place for most top currencies, while the “joke” meme-based crypto Dogecoin recently rocketed into the crypto top five by value.

Now, Musk, the self-appointed techno king of Tesla has begun calling himself Dogecoin’s CEO. There are rumours that Tesla might have sold more of its bitcoin holdings, as Musk proposes radical dogecoin upgrad...

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.