⚠️URGENT???? BITCOIN & CRYPTO CRASHING?! Elon Musk Worst Bitcoin Dump⚠️

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⚠️Is BITCOIN and CRYPTO CRASHING?! Is this the end of the bull run? Or is this yet again another MASSIVE OPPORTUNITY?! In today's video we will discuss Elon Musk announcing that Tesla will no longer be accepting Bitcoin for it's electric cars as well as other breaking Cryptocurrency News!

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"Bitcoin plunges to $50,000 after Elon Musk's tweet sent price down 17% in a matter of minutes.

Bitcoin has since boucned back to around $50,000 on Thursday after dropping as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its electric cars due to "climate concerns."

The price of the world's largest cryptocurrency Bitcoin dropped from $55,000 to $45,700, its lowest since March 1, in just under two hours following that Musk tweet. It recovered about half of that drop and last traded is around $50,156.

Ether, (ETHEREUM) (ETH) the world's second-largest cryptocurrency, followed a similar pattern, also dropping 14% to touch a low of $3,500, before hitting back to about $3,965.

Musk and Tesla's announced earlier this year they they bought $1.5 billion of bitcoin and that it would accept it as payment for cars has been one factor behind the digital tokens' surging price this year. As a result, Musk's comments roiled markets even though he said Tesla would not sell any bitcoin and would resume accepting bitcoin as soon as mining transitioned to more sustainable energy.

Vitalik Buterin sells all his shiba coins (SHIB) that caused massive congestion on the Ethereum Network and other top cryptocurrency news."

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Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

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