Apr 29 2021

Bitcoin Can Not Recover After Drop Caused by Tesla Selloff

in blog CoinIdol
original entryBitcoin Can Not Recover After Drop Caused by Tesla Selloff

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Tesla sold 10% of its Bitcoin holdings to demonstrate the liquidity of the cryptocurrency as a cash alternative. This has caused a short-term drop in the coin’s price. But despite BTC having partially recovered from the low, it can not linger above $55,000 and start an uptrend.

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