Bitcoin broke below $ 45,000 on the afternoon of the 16th (Eastern Time).
Just before that, CEO Elon Musk of US electric car giant Tesla posted a comment on Bitcoin on Twitter. Tesla, which owns over $ 1 billion in Bitcoin, reportedly sold some of it. It’s unclear if the company has already sold the rest or plans to sell it in the near future.
In addition, Tesla has announced the suspension of Bitcoin payment services in car sales, and some Bitcoin supporters have criticized it.
— Elon Musk (@elonmusk) May 16, 2021
“Bitcoiners will hit their cheeks when they learn that they have sold Tesla’s Bitcoin next quarter.
Bitcoin prices fell to nearly $ 45,100 shortly after the tweet, dropping below $ 44,500 at one point, but have since recovered slightly.
At the time of this writing, it was $ 45,627.90, down 4.98% over the last 24 hours, according to CoinDesk 20 data.
“When I see these unpleasant threads, I want to devote myself to Dogecoin,” Musk tweeted in response to a tweet criticizing himself on the early morning of the 16th.
Dogecoin (DOGE) traded at $ 0.508, down 0.45% in the last 24 hours (CoinDesk 20 data).
｜ Translation: coindesk JAPAN
｜ Editing: Takayuki Masuda, Shigeru Sato
｜ Image: TradingView, Coinbase
｜ Original: Bitcoin Dumps After Musk Fails to Deny That Tesla Has Sold or May Sell All Its BTC Holdings