BTC 's price recovery could be limited into the weekend.
“What saddens me is the way the weak hands and recent buyers see Elon Musk as a prophet, powerhouse and decisive figure in bitcoin,” said one trader.
Will the man who forecast bitcoin's price rise to $50K last year be heeded or ignored?
Bigger than bitcoin, that's for sure.
Elon Musk is a person of considerable influence. Is it big enough to get bitcoin to go green?
The company previously said it would not pay the hackers.
CEO Michael Saylor continues policy of buying the crypto asset at set intervals.
BTC remains under pressure and could find lower support near $42K as long-term momentum wanes.
Elon Musk's tweets aside, bitcoin remains vulnerable to rising odds of a Fed Reserve rate hike.
Bitcoin's price may be taking a dip, but its mining difficulty has never been higher.
Musk's about-face on the leading cryptocurrency put to flight a market already in a nervous mood.
However, Tesla will not be selling any of its bitcoin anytime soon.
“The crypto market is primarily focused on Ethereum and the catapulting DeFi sector right now,” said one analyst.
Dominance is at the lowest level since April 2018, suggesting traders are rotating into ether and other altcoins.
The entrepreneur's attorneys can now serve the developers of BTC, BCH, BCH ABC and BSV, even though they don’t reside in the U.K.