Bitcoin (BTC) prices fell by almost 5% on June 4, continuing the decline into the Friday session as investors grappled with Elon Musk's cryptic tweets on the cryptocurrency, raising speculation that the Tesla (NASDAQ:TSLA) CEO might dump the firm's remaining 43,2000 BTC stash.
Nonetheless, Bitcoin's move downside also coincided with a big spike in the U.S. dollar index (DXY), raising speculation that more than one factor accelerated the cryptocurrency's dramatic plunge during the late Thursday and early Friday session.