Elon Musk confirms Tesla has not sold Bitcoin after price crash

It comes after earlier speculation that Tesla had dumped some of its vast cryptocurrency portfolio.

Musk made a statement to the contrary in a tweet early on Monday morning. Replying to another user, he wrote:"To clarify speculation, Tesla has not sold any Bitcoin." Speculation that Tesla had sold some of its bitcoin investment was sparked on Sunday after Musk was involved in aTwitter user CryptoWhale wrote:"Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their Bitcoin holdings. With the amount of hateObservers have noted the price of bitcoin fell sharply after Musk's tweet on Sunday. At one point on Sunday morning the cryptocurrency was worth nearly $50,000 per token.

Source: News Formal (newsformal.com)

I believe the term is market manipulation

Ah yes. he probably bought more 😂

BS

Sell,sell...Bitcoin is going down Disaster for Bitcoiners?

There are traders who would've liquidated their long positions amid skepticism by Elon Musk also due to profit booking. Trapping puts writers with strike prices 50k & 52k is also interesting facts about bitcoin selloff in the recent past; likely to see it in less than 5 figures.

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