Bitcoin has fallen to a three-month low after an ambiguous Twitter post by Tesla boss Elon Musk, according to Reuters. On Monday, the most important cryptocurrency fell by more than 9% to $ 42,185, the lowest level since February 8. Ether, the second most important virtual currency, fell 8% to $ 3,227.22, while Dogecoin fell 7% to $ 0.48.
Last week, Musk announced that Tesla would no longer accept bitcoin payments due to environmental concerns. Cryptocurrency mining involves high energy consumption and the market is highly dependent on Chinese “farms”, many of which are powered by coal-fired energy.
In a response to the anonymous Twitter account @CryptoWhale, which stated: “Bitcoin owners will clap their hands next quarter when they find out that Tesla has given up its #Bitcoin assets. With the amount of hatred that @elonmusk receives, I wouldn’t blame him…, “Musk replied,” Indeed. “
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