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Bitcoin drops after Elon Musk tweets broken-heart emoji for token

Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin.

Topics
Bitcoin | Elon Musk | cryptocurrency

Reuters  |  Singapore 

Bitcoin, cryptocurrency

slipped more than 3% on Friday after Tesla boss fired off a tweet hinting at a breakup with the cryptocurrency, though it remains on course for its best weekly gain in about a month as it tries to recover from May's crash.

was last down about 3.6% at $37,809. Musk tweeted "#Bitcoin" and a heartbreak emoji above a meme appearing to show a couple discussing their breakup. is up 6.3% this week.

Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin since suspending Tesla plans to take it in payment for cars owing to concerns about its energy use.

 

First Published: Fri, June 04 2021. 07:38 IST
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