Tesla Suspends Bitcoin Payments, Crypto Market Crashes

Phil Zou
By Phil Zou
May 14, 2021NTD News Today
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Tesla has suspended bitcoin payments. Elon Musk says he’s concerned about the energy consumption from bitcoin mining.

Bitcoin crashed at least 10 percent to around $47,000 after the tweet. It’s even worse for the entire crypto market, dropping over $300 billion.

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