Crypto markets have plunged across the board this morning after Elon Musk tweeted that Tesla Motors would stop accepting Bitcoin based on environmental concerns, less than two months after it started using it.
Bitcoin began dropping immediately after Musk’s 8.06am AEST tweet, reaching under US$46,000 just after 10am. BTC had been trading at US$54,500 earlier.
By 10.30am AEST, BTC had clawed back to just over $US49,000 ($63,350), down 13.3 per cent from 24 hours earlier. Only 15 of the top 100 cryptocurrencies were in the green.
Share this page
