Bitcoin failed to break down Elon Musk’s tweet, 10% drop in prices

Bitcoin

Bitcoin

Experts say that the statement of Jerome Powell, chairman of the US Federal Reserve, has put the bitcoin out of the air.

New Delhi. Bitcoin, the world’s largest cryptocurrency, fell more than 10 percent on Thursday, slipping from $ 57,000 to 51,000. This decline in bitcoin comes when Elon Musk, the founder of Tesla, an American company that makes electric cars, recently tweeted that customers will now be able to buy Tesla cars from bitcoin.

Jerome Powell’s statement elicited bitcoin
Experts say that the statement of Jerome Powell, chairman of the US Federal Reserve, has put the bitcoin out of the air. After Powell’s statement, bitcoin prices fell by 10 to 15 percent in one stroke. At noon on Thursday, the price of bitcoin fell by about 15 percent to $ 52,250.

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Bitcoin filled the flight as soon as Tesla invested
Recently, Tesla invested in cryptocurrency Bitcoin, so the flight was not taking the name of stoppage. Several companies, including Tesla, have approved Bitcoin as a digital currency. Apart from Tesla, giant insurance company Mass-Mutual, asset manager Galaxy Digital Holding, Twitter CEO Jack Dorsey’s payment company Squire have also made a big investment in Bitcoin, causing its prices to skyrocket.




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