Cryptocurrencies plunge after Elon Musk's bitcoin u-turn

Video Credit: Bleacher Report AOL
Published on May 13, 2021 - Duration: 03:35s

Cryptocurrencies plunge after Elon Musk's bitcoin u-turn

The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles.

CNN’s Christine Romans reports.


You are here


💡 newsR Knowledge: Other News Mentions


Tesla, Inc.

American electric vehicle and clean energy company
Tesla's quarterly revenue has dropped for the first time in almost four years, according to financial result filings, demonstrating why the electric carmaker is..
Credit: Sky News - Published 2 days ago

Jairam Ramesh mentions Elon Musk delaying India trip due to Tesla commitments. Musk faces challenges with Tesla's Model 2 and anticipates announcing investments..
Credit: IndiaTimes - Published 4 days ago

Elon Musk was scheduled to visit India for two days - April 21 and 22 - to meet PM Modi and announce plans to enter the Indian market.
Credit: DNA - Published 5 days ago

Related news from verified sources

Bitcoin dropped to a three-month low on Monday as investors sold cryptocurrencies in the wake of Tesla boss Elon Musk's hinting over the weekend that the...
on May 17, 2021 • IndiaTimes

"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,"...
on May 13, 2021 • IndiaTimes

Related videos from verified sources

Bitcoin miner CEO: Industry is moving toward carbon neutral 03:35
Video credit: Bleacher Report AOL - Published on May 26, 2021 

Elon Musk meets with bitcoin miners about energy use 02:14
Video credit: Bleacher Report AOL - Published on May 25, 2021 

Bitcoin Drops 20% in 24 Hours, Hitting Lowest Level Since Feb. 3 01:00
Video credit: Wibbitz Top Stories - Published on May 19, 2021 

You might like