Bitcoin Can Not Recover After Drop Caused by Tesla Selloff


$ 84,227.3
€ 77,466.2
¥ 38,800.0
£ 65,116.0
BTC
2.68 %
$ 1,929.96
€ 1,774.35
¥ 888.92
£ 1,491.11
ETH
1.84 %
$ 210.66
€ 193.73
¥ 97.23
£ 162.83
XMR
1.25 %
$ 91.98
€ 84.58
¥ 42.36
£ 71.09
LTC
3.62 %

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.