Loading the player... Bitcoin recovers to $38,000 after plunging 30% in 24 hours The world's largest cryptocurrency Bitcoin has declined 6.62 per cent to $38,018.85 in the past 24 hours. The world's biggest cryptocurrency saw around a 26.7 per cent drop on Wednesday. The most famous cryptocurrency started seeing a major decline after Tesla CEO Elon Musk said his company will no longer accept Bitcoin as a digital payment due to the damage Bitcoin processing causes to the environment. ByteDance Co-Founder Zhang Yiming to step down as CEO; Rubo Liang to succeed Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by co-founder Rubo Liang, the company disclosed on Thursday.