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Bitcoin ditches after Musk fails to deny that Tesla has sold or sold all of its Bitcoin holdings


Bitcoin fell 3.7% to close $ 45,100 Sunday afternoon EST after Tesla CEO Elon Musk did not explicitly deny that his electric car company has sold or could soon sell all of its $ 1 billion bitcoin holdings due to criticism he has received. After the world's largest cryptocurrency was suspended as a form of payment.




"In fact," Musk tweeted at 2:48 pm. EST responded to a tweet from Twitter dealing with CryptoWhale, which said, "Bitcoin clients will slap themselves in the next quarter once they decide that Tesla has given up the rest of the bitcoin holdings."


Bitcoin price fell immediately after the tweet, closing at  45,100$, and eventually dropping to  44,459.02 $ before recovering.


In recent trade, Bitcoin bounced back a touch to $ 45,627.90, down 4.98% in the past 24 hours, in line with CoinDesk 20.


Earlier in the day, Musk also tweeted Peter McCormack, who posted a thread on Twitter about Musk's criticism of Bitcoin and his support for dogecoin, saying that "obnoxious threads like this make me want to travel to Doge."


At time of publication, Dogecoin (DOGE) is trading at $ 0.508, down 0.45% in the past 24 hours, consistent with CoinDesk 20.


Musk announced on May 12 that Tesla would halt Bitcoin payments due to concerns about its environmental impact, resulting in Bitcoin dropping by $ 2,000.





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