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$473 billion wiped off cryptocurrency market after Elon Musk tweet about Tesla, Bitcoin – NEWS.com.au
$473 billion wiped off cryptocurrency market after Elon Musk tweet about Tesla, Bitcoin
Elon Musks announcement Tesla would stop accepting Bitcoin as payment today wiped hundreds of billions of dollars from the cryptocurrency market.The falls came as the world’s richest man tweeted that his carmaker would no longer accept bitcoin, citing his concerns over carbon emissions produced by the currency.
At 8.06am AEST when Musk made the announcement, the world’s cryptocurrency market was valued at about US $2.43 trillion, according to Coinmarketcap.com.
By 10.45am the cap had dropped to…
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