Binance Probe Adds To Bitcoin Woes After Musk Blow, Buy Dip? Last Updated: 13 May 2021 The Bitcoin Elon Musk negativity effect continues to weigh on bitcoin, but the investigation of Binance by US regulators is adding to the bearish woes, with the virtual currency failing to find a bottom. The selling pressure was set in motion by the shock revelation that Tesla will no longer be accepting the digital currency in payment for its cars. Bitcoin is currently trading at $48,417, according to Coinmarketcap. The reaction to Musk’s tweet last night was immediate. European-based crypto-asset platform Currency.com saw a surge in trading volume on its USD.cx/BTC market, jumping 479%. USD.cx is Currency.com’s tokenised version of the US dollar. Within the six-minute window, clients trading the pair mushroomed 400%, while trades executed rose 240%.