Bitcoin Bounces Back From Three Month Low As Elon Musk Denies Tesla Has Sold Its Crypto Assets

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The crypto’s value surged by about 7% in the 20 minutes following Musk’s tweet to around $45,700 a token. to around $42,000 a coin, the lowest since February.

Bitcoin remains the most valuable cryptocurrency by a long margin—its market cap, around $850 billion, is still over double that of its closest rival Ethereum and more than ten times its third closest, Binance Coin. But the crypto market is still reeling from a $300 billion crash precipitated when Musk said Tesla said it would no longer accept bitcoin as payment. Cryptocurrencies are a notoriously volatile asset class and, increasingly, subject to the whims and fancies of Musk, whose social media activity alone can shift or create value at breakneck speed.

 

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Not everything is because how Elon Tweets.

I am not really into Elon so I am not affected by it. Would prefer staying in $Nexo. I am more than satisfied right now. 🚀🔥

Control freak 😆😆

All you see these days is statements of buying btc or selling btc with no actual proof presented. HOW TO verify that elon or tesla actually have this so called BTC?

Musk is a Master of Mass Manipulation! MaMMa Mia...!

Just received 32 XMR coins in my Metamsk =)) Thank you so much AirdropXMR

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