[Taklimakan Blog] The Bitcoin Rate Fell by 17%

At night, the bitcoin rate fell by 17% against the background of Elon Musk’s statement

Cryptocurrency value plunges to the 11-week low of $46K after Tesla CEO announced that the company will temporarily suspend the sale of electric vehicles for Bitcoin

On the night of May 13, the bitcoin rate on the Binance exchange fell by 17%, to an 11-week low of $46 thousand. The cryptocurrency is trading at $50.9 thousand, over the past day it has fallen in price by 11%

The market capitalization of bitcoin dropped below $1 trillion to $959 billion.