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Bitcoin drops after Elon Musk tweets broken-heart emoji for token

Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin.

Bitcoin, cryptocurrency
Reuters Singapore
1 min read Last Updated : Jun 04 2021 | 7:46 AM IST

Bitcoin slipped more than 3% on Friday after Tesla boss Elon Musk fired off a tweet hinting at a breakup with the cryptocurrency, though it remains on course for its best weekly gain in about a month as it tries to recover from May's crash.

Bitcoin was last down about 3.6% at $37,809. Musk tweeted "#Bitcoin" and a heartbreak emoji above a meme appearing to show a couple discussing their breakup. Bitcoin is up 6.3% this week.

Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin since suspending Tesla plans to take it in payment for cars owing to concerns about its energy use.


 

#Bitcoin

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :BitcoinElon Muskcryptocurrency

First Published: Jun 04 2021 | 7:38 AM IST

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