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Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency

Tesla CEO faces online criticism for Bitcoin payment decision
Bitcoin fell below $45,000 Sunday, extending recent sell-off

WATCH: A single tweet from Elon Musk wiped hundreds of millions of dollars out of cryptocurrency markets. Ed Ludlow and Joe Weisenthal report.(Source: Bloomberg)

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By Patrick McHale and Yueqi Yang

May 16, 2021 at 7:24 PM UTC

Updated on

May 16, 2021 at 9:52 PM UTC

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Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.