Environmental issue: Representations of bitcoin are seen in front of the Tesla logo. Bitcoin fell more than 9% to US$42,185 (RM174,308) – its lowest since Feb 8. — Reuters
SINGAPORE: Bitcoin dropped to a three-month low yesterday as investors sold cryptocurrencies in the wake of Tesla boss Elon Musk’s hinting over the weekend that the carmarker is considering or may have already sold some of its bitcoin holdings.
Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin.
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