Elon Musk’s tweet on bitcoin with a broken heart emoji sent the world’s largest cryptocurrency down by about 6.3%, Bloomberg reports. The plunge erased the week’s stabilization, with the token trading at around $36,750 at 6:28 in New York.
Musk’s latest tweet is a series of others after saying last month that Tesla would stop allowing payments of its cars with bitcoin, sending the price lower.
The Tesla CEO has impacted other markets, including the viral YouTube song “Baby Shark,” which saw major shareholder Samsung Publishing Co. soar after Musk’s tweet.
The recent tweet about bitcoin has left investors speculating whether Tesla has sold its holdings of bitcoin, adding pressure to the token and its ability to become mainstream.
The price of bitcoin has also been dented by China’s crackdown of the sector on environmental and social stability risks.
Bitcoin is currently declining. BTCUSD is down 6.52%.
