Bitcoin price lower after Musk tweet

Elon Musk says in talks with airlines to install Starlink
Elon Musk says in talks with airlines to install Starlink   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<p><body> <p>(Reuters) – The price of Bitcoin traded below $45,000 on Sunday after a tweet by Tesla <span class="caps">CEO</span> Elon Musk, an outspoken supporter of cryptocurrency, suggested Tesla may be considering or may have sold off its bitcoin holdings.</p> <p>Musk’s tweet was in response to an unverified Twitter account called <code>CryptoWhale, which said, "Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate </code>elonmusk is getting, I wouldn’t blame him…”.</p> <p>Musk replied “indeed” without specifying whether Tesla had sold off its bitcoin holdings or that he simply agreed with the sentiment that he faced criticism.</p> <p>On May 12, Musk said Tesla will no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.</p> <p>The Tesla boss’ tweets, which had helped drive some of the gains in bitcoin in recent months, last week triggered a 17% slide in the value of the cryptocurrency when he said his company’s customers would no longer be able to use bitcoin to buy its cars.</p> <p/> <p> (Reporting by Radhika Anilkumar in Bengaluru; Editing by Daniel Wallis)</p> </body></p>