Bitcoin Drops After Musk Tweets of Breakup
4 Jun, 2021•1 min read•Bitcoin
Bitcoin fell Friday after Elon Musk tweeted a comic strip that appeared to show a couple in the midst of a breakup. Many in the crypto community are interpreting it as a sign of the billionaire distancing himself from bitcoin.
Bitcoin slipped 7%, hitting lows under $36,500 and more than reversing Thursday's rally to $39,000. The cryptocurrency ran into offers after Musk's tweet revived fears of the billionaire distancing himself from bitcoin. The tweets pulled other cryptocurrencies down as well.