Elon Musk clarifies Tesla tweets after the shove of Bitcoin & Dogecoin.

in #bitcoin3 years ago

The cryptocurrency market is facing a tough day with ongoing concerns about the climate impact of cryptocurrency and additional comments from Elon Musk.

Musk, who is more openly skeptical about bitcoin recently, initially suggested that Tesla could sell its massive bitcoin holdings. He later rejected it, which helped stabilize the price, but did not recover.

It follows a public statement that Tesla CEO was concerned about the climate impact of cryptocurrency. He also said he is working to make it cleaner, including discussions with engineers working on dogecoin.
Comments came out during the difficult times of the recent cryptocurrency market. Overall, according to tracking website CoinMarketCap, it has lost 8.23% over the past day, resulting in a loss of $2.1 trillion.

It has attacked all major cryptocurrencies. Bitcoin fell 8.5%, Ethereum fell 9.3%, and Dogecoin fell 5.5% on the last day, continuing to suffer.

Even Cardano, who promoted himself with sustainable coins and overcame some of the losses that hit others, rose almost 25% last week, but fell more than 9%.

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