Bitcoin falls from $66K highs, Tesla down 3% after Elon Musk warns he could sell more stock
Bitcoin (BTC) tested $65,000 as support as U.S. markets opened Nov. 15 as a weekend surge ended in retracement. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts maintain positive BTC price outlook Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving back a chunk of its overnight gains having hit local highs above $66,000. In […]
Elon Musk offloads $1.1B in Tesla stock
Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings. Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion. Musk sold the shares at an average price of around $1,170, locking […]
Crypto-exposed stocks slide as BTC-bolstered treasuries shed value
The fallout from this month’s violent crypto market meltdown appears to have flowed into the stock markets, with publicly-listed firms with exposure to crypto assets seeing significant losses during May. The month saw Bitcoin and other leading cryptocurrencies crash by at least 50%, with BTC plummeting from roughly $60,000 on May 10 before bouncing off […]
Musk no longer world’s richest man after Tesla and Bitcoin slump
Tesla CEO Elon Musk has lost his crown as the world’s richest man following a sharp correction in Bitcoin and a slump in his company’s stock that some analysts believe are correlated. Tesla stock (TSLA) has dropped 21% from its high of $890 on January 26, accelerating those losses over the past two days in […]