Bitcoin Hovers Around $50,000 Amid the Fallout From Musk’s Blast

Tesla suspending payments using Bitcoin on environment concern
Musk says he supports crypto but it mustn’t spur fossil fuels

WATCH: Elon Musk says Tesla will no longer accept Bitcoin because of climate concerns(Source: Bloomberg)

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By Yakob Peterseil and Vildana Hajric

May 13, 2021 at 11:43 AM UTC

Updated on

May 14, 2021 at 2:03 AM UTC

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Bitcoin was on course for a weekly slump of more than 10% after Tesla Inc.’s Chief Executive Officer Elon Musk doubled down on his attack on the token’s energy demands.