Bitcoin Slumps as Elon Musk Pulls Support

·2-min read
Bitcoin Slumps as Elon Musk Pulls Support

Bitcoin (CRYPTO: BTC) and Tesla (NASDAQ: TSLA) both slumped in after-hours trading after a critical tweet by CEO Elon Musk. The popular cryptocurrency fell by more than 6%, while Tesla stock dipped a more modest 4%, as of this writing. In a statement posted on Twitter (NYSE: TWTR), Musk said that Tesla was suspending vehicle purchases made using the popular cryptocurrency.