Today, Bitcoin hit a 3-month low in a volatile session that saw investors start to sell and then buy. It is because of tweets posted over the weekend which hinted that Tesla either was going to sell or already sold some of their holdings in Bitcoin.
In his latest tweet, Musk said “ Tesla has not sold any bitcoin.” Providing clarification for many investors concerned about what the company was doing. Elon Musk has been a supporter of Cryptocurrencies and has boosted its markets with his enthusiasm and wealth.
Bitcoin fell more than 9 percent today to as low as US$42,185, being the lowest since February 8. But by 9:11 GMT it rallied back to reach $45,190. Other cryptocurrencies fell as well such as, Dogecoin which fell 7 percent, and Ether which dropped too.
For more information on the source click HERE