Tesla CEO Elon Musk on June 4 tweeted a meme about a breakup, with the hashtag “Bitcoin” and a broken heart emoji, sparking speculation that he is no longer interested in the world’s largest cryptocurrency.
June 05, 2021 / 08:41 AM IST
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin (Image: Reuters/Florence Lo/Illustration)
Bitcoin has seen a slight recovery, after a drop in price caused by Tesla founder Elon Musk. In his recent tweet, the Tesla CEO hinted at a “breakup” with the cryptocurrency.
At the time of writing this copy, ethereum, and other major cryptocurrencies are trading mixed.
Musk on June 4 tweeted a meme about a breakup, with the hashtag “Bitcoin” and a broken heart emoji, sparking speculation that he is no longer interested in the world’s largest cryptocurrency.
#Bitcoin pic.twitter.com/lNnEfMdtJf
— Elon Musk (@elonmusk) June 4, 2021
Also read – Scams, memes and crazy money: Inside India’s buzzing crypto WhatsApp groups
Musk’s tweet caused the price of bitcoin to drop more than 7 percent, Reuters reported.
Jack Dorsey, CEO of payments firm Square, said the company is planning to create a non-custodial hardware wallet for bitcoin.
Here are the prices of the 10 largest cryptocurrencies at 8.15 am IST on June 5 (data from coinmarketcap.com):
> Bitcoin: $37,494.12 (-0.60 percent)
> Ethereum: $2,751.60 (+1.00 percent)
> Binance Coin: $409.99 (+1.44 percent)
> Tether: $1.00 (-0.03 percent)
> Cardano: $1.75 (+0.31 percent)
> Dogecoin: $0.3852 (+1.43 percent)
> XRP: $0.9868 (-0.38 percent)
> Polkadot: $25.76 (+1.81 percent)
> USD Coin: $1.00 (-0.02 percent)
> Uniswap : $27.03 (-0.35 percent)
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