50% from its all-time highs
Elon Musk’s tweet announcing Tesla’s suspension of bitcoin purchases accelerated the price drop
Bitcoin’s Latest Crash: Not the First, Not the Last
While bitcoin has been one of the world’s best performing assets over the past 10 years, the cryptocurrency has had its fair share of volatility and price corrections.
Using data from CoinMarketCap, this graphic looks at bitcoin’s historical price corrections from all-time highs.
With bitcoin already down
~15% from its all-time high, Elon Musk’s tweet announcing Tesla would stop accepting bitcoin for purchases helped send the cryptocurrency down more than
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