In brief
To clarify speculation, Tesla has not sold any Bitcoin
— Elon Musk (@elonmusk) May 17, 2021
$83,064.00
-1.59%$1,837.84
-3.83%$2.18
-0.97%$606.89
-1.99%$125.50
-3.18%$0.999892
-0.01%$0.170982
-5.32%$0.678566
-3.76%$0.230291
-1.15%$1,835.46
-3.91%$82,772.00
-1.93%$3.69
-2.49%$9.61
-1.24%$13.63
-4.74%$0.26945
-1.64%$19.72
-3.00%$2,199.77
-3.86%$1.00
0.08%$0.00001274
-4.28%$0.173457
-4.29%$2.31
-7.74%$86.11
-1.70%$4.12
-3.01%$6.32
0.67%$304.79
-0.99%$4.68
-2.97%$0.798318
-3.71%$1,837.44
-3.78%$0.99983
0.06%$0.998467
-0.16%$12.77
-5.27%$1,952.01
-3.91%$28.32
-1.36%$216.28
-1.26%$6.02
-2.67%$5.25
-5.28%$2.62
-3.81%$0.00000726
-7.03%$1.045
0.01%$48.48
-1.66%$0.106681
5.66%$35.55
-1.21%$22.45
-2.46%$0.808149
-3.03%$83,048.00
-1.71%$5.43
-3.11%$0.998364
-0.11%$168.54
-4.44%$0.805117
-4.42%$16.77
-2.51%$1.16
0.29%$10.13
-2.72%$0.02325395
-3.18%$230.86
-5.09%$1.00
0.00%$0.363998
-6.95%$4.28
-5.35%$3.23
-6.03%$3.49
-6.46%$2.75
-2.55%$0.204486
-3.44%$82,632.00
-2.11%$4.02
-0.01%$0.064906
-6.26%$0.185737
-5.54%$0.491453
-9.56%$0.336342
-3.12%$5.26
-3.02%$11.07
-0.88%$0.48092
-3.14%$82,743.00
-1.78%$0.774835
-7.08%$0.475732
-6.45%$1,908.32
-4.02%$1,833.56
-4.01%$0.448739
-8.14%$1,295.08
-10.97%$1.081
-3.51%$0.068466
-1.54%$70.96
-1.14%$130.79
-3.35%$17.52
-5.05%$0.558322
-4.12%$0.999992
-0.09%$0.789891
-6.71%$0.629571
-4.20%$0.607285
7.22%$2,077.33
-3.89%$0.997905
0.00%$0.00001144
-6.49%$0.180791
-5.43%$8.78
-4.30%$0.089789
-5.26%$0.840179
-5.23%$0.999317
-0.04%$0.999666
-0.02%$0.0133256
-2.57%$1.00
0.00%$7.38
-16.73%$82,443.00
-1.48%$0.879389
-7.67%$3,103.67
0.06%$0.999325
-0.11%$605.58
-2.15%$1,950.96
-3.65%$0.01566075
-5.49%$0.6593
-2.89%$2.19
-1.58%$3,122.87
0.99%$82,897.00
-1.74%$0.273228
-2.45%$0.00000068
-1.21%$0.176392
-3.92%$32.15
-2.47%$0.486476
-5.56%$0.999586
-0.02%$2.02
-5.11%$160.35
-3.06%$0.103404
-2.65%$0.383807
-2.75%$36.62
-0.90%$3.22
3.37%$1,913.28
-3.85%$0.00005828
-6.36%$7.40
-16.89%$0.01112111
-7.25%$0.146403
-3.93%$137.21
-3.30%$0.999704
0.05%$15.88
-4.91%$0.075865
0.09%$1.74
-5.47%$0.401692
-11.33%$0.997464
-0.03%$0.647634
-6.52%$0.999439
-0.05%$2.93
-5.86%$0.99997
-0.04%$0.248208
-2.72%$0.00503453
-5.23%$0.427154
-2.30%$79,752.00
-3.59%$0.461153
13.14%$27.93
0.82%$16.24
-4.61%$6.46
-5.17%$1.64
0.14%$0.714434
-3.08%$0.170473
-5.36%$1,948.08
-3.73%$0.436939
-5.53%$0.00000043
-1.26%$0.424266
-8.11%$82,780.00
-1.65%$1,837.15
-3.87%$6.36
-9.73%$82,823.00
-2.81%$0.14984
-5.34%$2.53
-8.02%$1.082
0.06%$0.436198
-15.64%$0.999506
-0.07%$1.14
-2.16%$1,837.36
-3.86%$0.079915
-6.44%$0.04217547
-2.53%$0.613232
-7.49%$0.00002009
-2.03%$1,836.96
-3.78%$110.49
0.00%$1.099
0.26%$0.00730998
-5.18%$0.474052
-6.37%$0.47547
-5.18%$1,925.53
-3.40%$82,642.00
-2.10%$0.00650972
-6.69%$0.00579142
-8.76%$0.872012
-1.97%$0.204422
-3.55%$0.373876
-5.58%$39.13
-5.21%$0.999408
0.01%$0.999525
-0.11%$1.001
0.33%$0.0102105
3.21%$0.167306
-1.73%$82,308.00
-1.69%$0.00392752
-0.53%$1,834.44
-3.86%$1,824.35
-3.40%$0.00005962
-3.35%$1.003
-0.07%$0.00000157
-5.39%$119.79
-4.21%$0.03102232
0.06%$1.30
-7.79%$0.03066065
-9.63%$0.246678
-4.75%$1.22
-4.91%$0.542893
-1.47%$0.254352
-3.87%$2.64
-6.42%$1.41
5.12%$1,820.70
-3.75%$0.656057
-5.18%$1,836.04
-3.86%$0.00045928
157.39%$2.88
-2.44%$82,796.00
-1.60%$21.79
-4.35%$0.778658
-6.90%$0.19175
-4.07%$80,974.00
-3.86%$16.06
-3.53%$2,008.84
-3.85%$1,938.39
-3.92%$3,083.74
0.01%$0.258071
-3.78%$1.061
-6.33%$3.19
-16.67%$0.03592431
-3.32%$0.084607
-11.30%$0.494057
-0.27%$0.03118585
-3.77%$0.066587
-6.65%$1,994.85
-3.77%$0.999235
-0.06%$0.116933
-0.43%$0.00320167
-4.52%$0.104513
-6.63%$1,862.79
-2.33%$0.517821
-7.71%$0.00226903
-7.18%$0.00263536
10.36%$0.947703
-7.93%$0.03039256
-4.19%$1,666.48
-1.64%$0.00489542
-5.40%$0.01134959
-2.43%$0.302005
-3.86%$20.13
-0.44%$0.52694
-1.50%$2.21
5.30%$0.647099
-6.66%$2.18
-0.34%$0.217746
1.17%$0.999584
-0.00%Reading
The price of Bitcoin dropped to lows of $42,024 on Monday morning, continuing its downward trend from last week and marking a fall of 16% from its Saturday high of $50,615.
Although Bitcoin has since recovered to its current value of just under $45,000, it marks a continuing slide in the cryptocurrency’s price following Tesla CEO Elon Musk’s announcement that the carmaker would stop accepting Bitcoin as payment.
Tesla’s move was prompted by concerns over the cryptocurrency’s environmental impact, Musk explained. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” the Tesla CEO said in a tweet last week.
Over the weekend, crypto prices continued to tumble after Musk responded to a suggestion that “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings,” with the single word, “Indeed." Musk later noted in a tweet that “to clarify speculation, Tesla has not sold any Bitcoin."
To clarify speculation, Tesla has not sold any Bitcoin
— Elon Musk (@elonmusk) May 17, 2021
On May 12, before Musk’s announcement that Tesla would stop accepting Bitcoin, the cryptocurrency’s price was as high as $57,700.
Since then, however, it has steadily decreased. According to CoinGecko, Bitcoin is down 8% in just the last 24 hours. In the last week, Bitcoin has fallen by 22%.
The downward trend is the latest in a long line of examples where Elon Musk’s tweets have moved the Bitcoin market.
Three months prior to his U-turn, Musk appeared to be all-in on Bitcoin, overseeing Tesla’s whopping $1.5 billion investment in the flagship cryptocurrency on February 8, 2021.
What a weird week it was in cryptoland. But then again, isn't every week? Last Saturday, Elon Musk gave us a textbook example of "buy the rumor, sell the news." He helped send Dogecoin, his favorite meme token to pump on Twitter, on a rocket ride in the days leading up to his "Saturday Night Live" hosting debut—until the ride abruptly ended minutes before SNL started. By the time Musk's mother Maye Musk name-dropped DOGE in the opening monologue, the coin was sinking fast—it fell from 62 cents...
One hour after Tesla’s investment became known, Bitcoin surged by almost 10% to what was then an all-time high of $44,790.
Musk’s impact on the crypto market is well-documented; when the Tesla CEO updated his Twitter bio to #Bitcoin, the Blockchain Research Lab found that Bitcoin’s price increased by over 18% as a result.
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: GameStop makes a big splash with its Bitcoin announcement, then fumbles with a debt offering; BTC miners are in for a world of hurt as fees shrink; and Robinhood gets a New Jersey slap on the wrist for its prediction market debut. GameStop presses play on Bitcoin There was a lot of excitement for GameStop’s Q4 earnings report because it was heavily hinted—and then confirmed—that the comp...
Bitcoin and other major cryptocurrencies are in the red Friday, with top coins falling to their lowest prices in at least a week as stock markets are similarly rattled by hotter-than-expected inflation data. The price of Bitcoin dipped to $83,609 early Friday afternoon, and is currently down about 4% on the day at a current price of $83,736. It's down just 0.4% on the week, but the Friday slide has cooled rising momentum seen in recent days. Other top coins have shown sharper losses over the pas...
The Bitcoin price fell below $85,000 on Friday as investors digested a hotter-than-expected inflation print amid uncertainty surrounding the latest tariffs from U.S. President Donald Trump. The core Personal Consumption Expenditures Price Index (PCE) rose 0.4% in February, marking its largest monthly increase in over a year, the U.S. Commerce Department reported on Friday. Economists had expected the index to show a 0.3% increase, per Trading Economics. The Federal Reserve’s preferred inflation...