Monday 17 May 2021 11:43 am Musk s mischief rumbles on as Bitcoin falls, but ADA adds a touch of green to a red weekend
Crypto at a glance
It was a bloody weekend in the crypto markets, with a sea of red down the boards today.
Is this still the aftershocks of Tesla’s decision to stop accepting Bitcoin, a wider correction, or just part of the usual ebb and flow of the bull run? Can it get back on track this week?
Bitcoin has now fallen more than 22 per cent over the last seven days, dropping another seven per cent over the last day. The decline has taken the Bitcoin price down to just above $45,000 at time of writing. Can support hold at this level?