Bitcoin Plunges Below $50,000, Dropping Over 14% in a Day
Bitcoin Plunges Below $50,000, Dropping Over 14% in a DayBitcoin's price has taken a sharp dive today, breaking below the $50,000 mark and reaching its lowest point since February. As of this writing, Bitcoin has fallen by 14
Bitcoin Plunges Below $50,000, Dropping Over 14% in a Day
Bitcoin's price has taken a sharp dive today, breaking below the $50,000 mark and reaching its lowest point since February. As of this writing, Bitcoin has fallen by 14.21%, trading at $47,998.62.
The cause of this sudden drop remains unclear, but the market consensus points to Tesla's decision to halt accepting Bitcoin payments. Tesla CEO Elon Musk previously expressed concerns about Bitcoin's high energy consumption and its environmental impact.
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