Tesla Suspends Bitcoin Payments, Crypto Market Crashes

Phil Zou
By Phil Zou
May 14, 2021NTD News Today

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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