Kryptulia fell on Sunday after Elon Musk's tweet, after which the crypto crowd made an assumptionthat Tesla could have dumped its bitcoins.
On Monday, Bitcoin fell to $42,185βa price not seen since February 8 of this yearβafter which it rebounded to $44,833.
Twitter user @CryptoWhale wrote:
Bitcoiners will suck off in the next quarter when they find out that Tesla has leaked its bitcoins. With the amount of hate @elonmusk gets, I wouldn't blame him ...
To which Musk replied:
indeed
Β
The fall of the cue ball began on May 12 after Elonβs refusalMusk to sell Tesla for bitcoins. The cryptocurrency has already fallen 35% from its latest highs. This behavior of the cryptocurrency shows how large the share of hype is in its course.