Business
Bitcoin price plunges by 17%: Elon Musk tweets value ‘seems high’ – NEWS.com.au
Bitcoin price plunges by 17%: Elon Musk tweets value ‘seems high’
The price of bitcoin plunged 17 per cent on Monday after hitting a record high of $74,019.31 on Sunday.The volatile cryptocurrency fell to $65,204.59 before regaining ground. At 7.30am AEDT it was valued at $68,676.84.
The slide came just hours after billionaire Elon Musk tweeted that bitcoin and Ethereum “seem high”.
RELATED: Bitcoin’s market value hits $1 trillion for first time ever
The comment comes after Tesla invested nearly $2 billion in the cryptocurrency. The company has already racked…
-
Business23 hours agoThis artificial intelligence (AI) and “Magnificent Seven” stock will be the next company to surpass a $3 trillion market cap by the end of 2025
-
Noosa News23 hours agoYIMBYs vs NIMBYs as the battle for affordable housing moves into your backyard
-
Business19 hours agoThe ultimate Australian stocks to buy and hold for 10+ years
-
General24 hours agoWest Indies-Australia live: Third day-night Test in Jamaica