Bitcoin slips after Elon Musk fired off tweet hinting at a breakup with the cryptocurrency
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken Jan 8, 2021.
PHOTO: Reuters
PUBLISHED ONJune 04, 2021 4:15 AM
Bitcoin slipped more than three per cent on Friday after Tesla boss Elon Musk fired off a tweet hinting at a breakup with the cryptocurrency, though it remains on course for its best weekly gain in about a month as it tries to recover from May’s crash.
Bitcoin was last down about 3.6 per cent at $37,809 (S$50,200). Musk tweeted "#Bitcoin" and a heartbreak emoji above a meme appearing to show a couple discussing their breakup. Bitcoin is up 6.3 per cent this week.
[embed]https://twitter.com/elonmusk/status/1400620080090730501[/embed]
Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin since suspending Tesla plans to take it in payment for cars owing to concerns about its energy use.
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