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Bitcoin falls 17% in 2 hrs after Musk says Tesla not accepting the cryptocurrency
short by Kiran Khatri / on Thursday, 13 May, 2021
Bitcoin plunged as much as 17% in under two hours after Tesla CEO Elon Musk tweeted that Tesla suspended vehicle purchases using the cryptocurrency. "We're concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions," Musk wrote. Tesla won't sell any Bitcoin and will use it for transactions when "mining transitions to more sustainable energy", he added.
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