Cardano Back to Top 4 as Bitcoin Dominance Drops to 35-Month Low
Ever since Elon Musk announced that Tesla will cease receiving bitcoin payments for its electric vehicles, the price of the primary cryptocurrency has struggled severely.
BTC traded above $58,000, but Musk's words brought enhanced volatility that pushed it down by roughly $12,000 in a day. After reaching a two-month low at $46,700, bitcoin attempted a quick recovery, which took it only to about $51,000.
