(5/13, Thu) btc was attacked by two bad news which is the Nasdaq's plunge and the stop of btc payment with Tesla car

Yesterday(5/12 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $56764, its lowest as $48520, its highest as $58036, its closing as $49492. Bitcoin maintained a small trading volume after the start of Wednesday, began to rise, reached a peak at 04:15, and then began to decline, breaking below the daily starting price at 10:00, and continuing to decline following the Nasdaq's plunge at 13:30. As a result, it fell to around $52,000 and it plunged further due to the bad news from Tesla from 22:00, dropping to $48,500 at the last minute and closing -12.8% down.

Bitcoin, which broke through 100MA on the 4 hour chart and close to 50MA on the daily chart on the previous day, turned from positive to completely negative with yesterday's decline, darkening the market outlook. Ethereum, which reached the new ATH of $4384 yesterday, also closed -8.6% down of $3825, and all cryptocurrencies showed a sharp decline.

First of all, the stock market's plunge in the financial market was mainly due to concerns about a surge in inflation, and it was predicted that a surge in prices of raw materials and agricultural products would accelerate interest rate hikes or tapering. It is acting as a bad thing to financial and crypto market.

In addition to this, what Elon Musk said "we will ban the payment of Tesla cars with bitcoin that adversely affect the environment" drastically plunged the entire cryptocurrency market, which can be understood that Elon Musk preemptively attacked before governments around the world will be able to regulate bitcoin and crypto market for this reason.

An analysis has shown that the annual electricity consumption for bitcoin mining exceeds the country's annual electricity consumption in Sweden and Malaysia, and some countries have already banned bitcoin mining due to excessive electricity consumption. It seems that it is not bad to be beaten in advance as the government can have a reason to attack the bitcoin and crypto markets at any time.