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Bitcoin drops 5% after Elon Musk points to a potential exploit with popular cryptocurrency in a tweet with a broken heart emoji | Currency News | Financial and Business News

Bitcoin it escaped 5% Friday after Elon Musk reported a potential break with digital assets by releasing a broken-hearted emoji and a reference to a popular song “Linkin Park.”

The token only recovered from a broader cryptocurrency crash last month after increased regulatory scrutiny by China. After appearing to be in calm waters, the currency fell 5% to about $ 36,600 on Friday once. Musk tweeted “#Bitcoin” with a broken heart and an image of a couple contemplating a breakup. His tweet came three weeks after Tesla payments stopped in digital assets.

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He then tweeted a string of comics from a couple discussing how they crave each other. Musk also responded “nicely” to the GIF image of meme-based cryptocurrency dogecoin published by the crypto exchange Coinbase.

It’s unclear what Musk wanted to convey, if anything.

The billionaire’s tweets often seem to influence the movement of cryptocurrency prices since he has been one of the most prolific supporters of his decentralized technology. In recent days, however, Musk has taken a more controversial position suspending Tesla’s payments made on assets, citing issues related to its massive energy consumption.

Crypto boss Justin Sun – a protégé of Alibaba founder Jack Ma – responded along the same lines, saying he would buy all the bitcoin that Musk sells.

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U Tesla the boss first told his EV-maker, which is the the second largest corporate holder of bitcoin, has not sold any of its shares. He also says he is holding to the ever-volatile dogecoin, but never said how much of the crypt meme he owned.

Musk’s tweets have recently caused another market move out of the crypto world. His place on the famous “Baby Shark” favorite of the famous boy. sent shares in the song investor 10% earlier this week.

Tesla shares have fallen more than a third since announcing one $ 1.5 billion bitcoin bet of February. Bitcoin has fallen more than 40% since its April record high of nearly $ 65,000. Dogecoin traded the last 13% lower at 39 cents.

Read More: 2 crypto experts figure out how to earn a lot of money by investing heavily in NFT infrastructure instead of losing in the volatile digital art market




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