elon musk bitcoin tweet today
Click here for IndiaToday.in’s complete coverage of the coronavirus pandemic. An abrupt reversal from Elon Musk's previous acceptance of Bitcoin, he cited that Tesla is "concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel." Image via Twitter. Tesla and SpaceX CEO Elon Musk argued on Twitter today that Dogecoin (DOGE) can beat Bitcoin (BTC) “hands down,” with just one small condition—almost every DOGE’s fundamental aspect needs to change, effectively turning it into a different token altogether.. The price tumbled after Elon Musk suggested Tesla may sell its holdings and trolled bitcoin fans. Musk replied with a vague "indeed" but did not specify if Tesla sold off its Bitcoin or if he simply agreed with the sentiment that he faced criticism. Crypto Market Down Today: Why is there a crypto crash? In another tweet to the same thread he added, “Hey cryptocurrency “experts”, ever heard of PayPal? Tesla founder Elon Musk has been pushed down to third place in world’s richest ranking after shares in the carmaker tumbled. Tesla would retain its Bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy sources, Musk said. The slide started on Wednesday when Musk tweeted a note saying that Tesla would stop accepting bitcoin as payment for its electric cars, saying the token's "insane" energy use was damaging to the climate. In a Twitter statement, he wrote: "Tesla has suspended vehicle purchases using Bitcoin. Made In NYC | A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. Commerce Policy | Tesla revealed in February it had bought $1.5 billion (roughly Rs. Bitcoin sank as low as $42,000 Monday morning before making a slight rebound. 3 SpaceX founder Elon Musk addresses members of the media during a press conference Credit: AFP Sound "decentralized" to you?". Tesla shares fell 1.25 percent after hours. On Monday, Tesla CEO Elon Musk replied to a tweet to “clarify speculation” saying that Tesla has not sold any Bitcoin. The value of Bitcoin dipped further after Tesla CEO Elon Musk gave a vague reply to a Tweet on Sunday. By the way, Musk has removed "Bitcoin" from his Twitter bio. He also continued to suggest Tesla was looking at accepting dogecoin - a cryptocurrency started as a joke in 2013 - as payment for its cars, saying doge would win "hands down" if it sped up its blockchain network. How the 'world's biggest vaccination drive' fares when compared to the US? Image via CoinMarketCap Do Indians have enough savings to tackle the second wave? Also tagged with Elon Musk Bitcoin and Tesla (NASDAQ:TSLA) both slumped in after-hours trading after a critical tweet by CEO Elon Musk. “Indeed,” he replied to a popular crypto Twitter user @CryptoWhale, who suggested that … complete coverage of the coronavirus pandemic. A typically obtuse tweet from him today caused further unease Plus500. Bitcoin plunged to its lowest level since February on Monday after Elon Musk suggested Tesla might sell, or had sold, its holdings, only to rebound somewhat when the billionaire clarified his electric car company still held its stake. Tagging Elon Musk @PeterMcCormack on Twitter wrote that the “poorly informed criticism of #bicoin + support for Doge may be the perfect troll...or you might actually believe this (God I hope not).”, “Bitcoin is actually highly centralized, with supermajority controlled by a handful of big mining (aka hashing) companies. 10,930 crores) of Bitcoin, before accepting it as payment for cars in March, driving a roughly 20 percent surge in the cryptocurrency. Musk spent the weekend arguing with and trolling bitcoin fans on Twitter about its energy use and structural flaws. 33 lakhs) on Sunday after a tweet by Tesla CEO Elon Musk, an outspoken supporter of cryptocurrency, We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. The tweet said Tesla might dump rest of its Bitcoin holdings. ET. That was the lowest level since February 8 and 35% below the all-time high of close to $65,000 reached in April. "To clarify speculation, Tesla has not sold any Bitcoin," Musk said in a tweet. Bitcoin has fallen sharply in recent days after Musk - previously one of its biggest cheerleaders - appeared to turn his back on the cryptocurrency. Tesla CEO Elon Musk clarified in a tweet early Monday that the electric vehicle maker "has not sold any Bitcoin." It’s possible maybe that I know than you realize about how money works.”. DOGE has started moving upwards after Musk's tweet, reaching $0.0578. Bitcoin price drops by more than $3,000, Tesla shares decline about 1.3% in after-hours trading following announcement on Musk’s Twitter account Tesla CEO Elon Musk speaks in 2020. With the amount of hate @elonmusk is getting, I wouldn't blame him". The token was down 8.7% at $44,896 at 4.40 a.m. Earlier this month, Musk rolled back Tesla’s decision to accept payment in bitcoin citing environmental reasons. Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or … Bitcoin was pinned close to its lowest in additional than two months on Friday and headed for its worst week since February, whereas Dogecoin leapt by a fifth as tweets from Tesla boss Elon Musk despatched the 2 cryptocurrencies on a wild experience. Musk has asserted that he remained a strong believer in cryptocurrencies. So no big deal then. Bitcoin plunged to as low as $42,185 on Monday, down 35% from April's record high, before bouncing. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. All rights reserved. “Working with Doge devs to improve system transaction efficiency. Accessibility Statement | Tesla CEO Elon Mus k sent crypto prices tumbling with a series of tweets last week—and dragged down the stock prices of crypto-exposed firms including MicroStrategy.. Just yesterday, a one-word tweet from Musk was enough to plunge the crypto market deep into the red. Per a tweet from Elon Musk today at 6pm, Tesla will no longer accept Bitcoin as payment for vehicle purchases. The price of Bitcoin traded below $45,000 (roughly Rs. Bitcoin plunged to a low of $42,185 early on Monday, 35% below its record high, before rebounding after an Elon Musk tweet-storm. Replying to a tweet from @BTC_Archive, “Bitcoin is down 20% since @ElonMusk started shitposting. The tweet led some to believe Tesla had sold its bitcoin holdings, but early Monday morning, Musk tweeted, “To clarify speculation, Tesla has not sold any Bitcoin." When he tagged Bitcoin recently, this action by the chief of Tesla pushed Bitcoin from the $32,000 level to the $38,500 zone. Sound ‘decentralized’ to you?” Musk replied. On Monday, Tesla CEO Elon Musk replied to a tweet to “clarify speculation” saying that Tesla has not sold any Bitcoin. The Dow Jones Industrial Average surged while the Nasdaq erased a temporary loss amid a broad up day for the market. For reprint rights: Syndications Today, Elon Musk's tweet causes Bitcoin value to dip further, Musk says Tesla did not sell Bitcoin, Crypto exchange Binance under investigation for facilitating illegal Bitcoin trades, Elon Musk Dogecoin interest is not new, he is in touch with developers since 2019, Bitcoin and Dogecoin are ruling the world but Indian investors being let down by trading platforms. A series of verified Twitter accounts posted bitcoin spam targeting followers of Tesla CEO Elon Musk, according to a fraud tracker. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). And you wonder why some people are mad?”, Musk replied saying, “To clarify speculation, Tesla has not sold any Bitcoin.”, To clarify speculation, Tesla has not sold any Bitcoin. Yesterday, Tesla CEO and all-round tech celebrity Elon Musk made (another) surprise announcement. The price of bitcoin is down more than 7% for the day, although some of that decrease occurred prior to Musk’s tweet: Elon Musk is at it again with the price of Bitcoin (CCC:BTC-USD) falling today after the Tesla (NASDAQ:TSLA) CEO made another statement about the cryptocurrency. Yet bitcoin climbed back above $44,000 after Musk said Tesla had not in fact sold its stake. Musk had earlier replied to a tweet from an unverified account on Twitter called @CryptoWhale which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. Musk’s latest announcement had a sizable impact on Bitcoin prizes: $365 billion were wiped off from the market because of the price drop of the cryptocurrency. "A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. The tweet from Musk sent the price of bitcoin down more than 4% (and falling). Bitcoin is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy-intensive process that currently often relies on electricity generated with fossil fuels, particularly coal. The Easter egg was spotted by Glassnode CTO Rafael Schultze-Kraft. He later went on to delete that tweet. The Dow Jones Industrial Average dropped 175 points Monday, as Bitcoin plunged on a tweet from Tesla CEO Elon Musk. Musk replied to another critic who termed Musk’s recent criticism for bitcoin as the perfect troll. On Monday, Bitcoin dipped nearly 8 percent to around $44,000 per coin which is roughly Rs 3.2 lakhs. Last week founder Elon Musk said the car maker would not accept payment in bitcoin. Musk had earlier replied to a tweet from an unverified account on Twitter called @CryptoWhale which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. After Musk's tweet, Bitcoin stock fell by almost $2,000, falling from $54,700 to roughly $52,600. The whole crypto market has crashed after just one tweet from Elon Musk. Disclaimer | The Coinbase field of block 668,197 contains the following words: "In retrospect, it was inevitable." But bitcoin then rebounded somewhat when Musk tweeted: "To clarify speculation, Tesla has not sold any Bitcoin." The plunge came after the billionaire sent the bitcoin market into panic with a single tweet. The electric car company selling its stake would be a major blow to the legitimacy of the digital asset. After declaring a break with Bitcoin earlier this week, Tesla founder Elon Musk has sent Dogecoin rallying with a single tweet, saying he’s working with its developers to refine the joke-inspired crypto. On Monday, Musk clarified that Tesla has not sold any Bitcoin. Musk had earlier said that he backed that concern, especially the use of coal, which has the "worst emissions" of any fuel. Cryptocurrency expert George from Cryptosrus has described how the boss of Tesla could “get in trouble with the SEC” after all of his contradictory bitcoin talk on Twitter… “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee … This was largely due to a tweet from Elon Musk, who revealed that Tesla would no longer support Bitcoin. Musk's announcement shocked crypto fans and sparked a broader sell-off in cryptocurrencies including ether, dogecoin and XRP. Elon Musk finally embraces Bitcoin A tweet posted earlier today by Tesla CEO Elon Musk has been immortalized on the Bitcoin blockchain. A weekend tweet from Tesla CEO Elon Musk may have been behind the drop. Bitcoin slides after Elon Musk tweets climate concerns, suspends Tesla payment acceptance: CNBC After Hours Published Thu, May 13 2021 6:26 PM EDT Pippa Stevens @PippaStevens13 The world's most-traded cryptocurrency plunged to $42,185 at one point on Monday morning, after Musk replied "Indeed" to a Twitter post that said: "Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings.". Bitcoin is seen by many as the most established of the cryptocurrencies. "Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment," he had tweeted. Fighting rural pandemic with shortage of doctors and health centres. "Bitcoin is actually highly centralized, with supermajority controlled by handful of big mining (aka hashing) companies," he tweeted on Sunday night. On May 12, 2021, Elon Musk suspended the purchase of any Tesla vehicle using Bitcoin. The Tesla boss has been one of the central drivers of the bitcoin boom. Stock quotes by finanzen.net. Image via Twitter. Earlier this month, Musk said that Tesla will no longer accept payment in bitcoin citing environmental reasons. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Sign up here for our daily newsletter, 10 Things Before the Opening Bell, Bitcoin tumbles as low as $30,000 amid a broad crypto sell-off after China signals a crackdown », Microsoft is pulling the plug on Internet Explorer next year, but it will continue to support IE mode in its Edge web browser ». His suggestion on Sunday night that Tesla had sold, or might sell, its bitcoin stake, which it bought for $1.5 billion in January, caused panic among investors in the token. Tesla’s sharp turn on Bitcoin. "We are also looking at other cryptocurrencies that use. Elon Musk has been a big cryptocurrency booster of late, even directing Tesla to buy $1.5 billion in Bitcoin for its corporate treasury earlier this year. 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