Bitcoin pares losses after tumbling on Elon Musk’s price remarks Premium It’s widely believed that volatile weekend swings are driven by individuals trading the cryptocurrency at home. 1 min read . Updated: 22 Feb 2021, 09:49 PM IST Bloomberg The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Musk’s Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar Share Via Read Full Story Elon Musk’s embrace of Bitcoin earlier this month week rocketed the cryptocurrency almost 50% higher to more than $58,000. His cold shoulder this weekend whipsawed the largest digital asset.