Market Wrap: Bitcoin Falls for Second Straight Day After Tesla Action; Ether Follows

It’s Elon Musk’s crypto world. A bearish tweet from the entrepreneur on bitcoin and Tesla reneging on using it as a payment method sent crypto markets dropping.

  • Bitcoin (BTC) trading around $48,769 as of 21:00 UTC (4 p.m. ET). Losing 10% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $47,720-$54,781 (CoinDesk 20)
  • Ether (ETH) trading around $3,651 as of 21:00 UTC (4 p.m. ET). Dropping 10% over the previous 24 hours.
  • Ether’s 24-hour range: $3,595-$4,243 (CoinDesk 20)

Bitcoin fails to…


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