Cryptocurrencies
Bitcoin Declines in the Wake of Tesla-Inspired Euphoria
- Coin surged 16% on Monday after Tesla announced investment
- Alt coins including Ether, Litecoin follow the move lower
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Bitcoin gave up some of its gains fueled by Tesla Inc.’s $1.5 billion investment into the token that drove prices to record highs.
The world’s largest cryptocurrency fell as much as 7.5% Wednesday to $43,764 after surging past $48,000 earlier this week. Alt coins including Ether and Litecoin also declined.