Just waking up? Bitcoin update - BTC trashed on Musk Tesla payment comments
Elon Musk has shunned payments in BTC for his electric vehicles:
The basis of Musk's expressed concern over BTC is its mining and transaction environmental cost (electricity usage, power most often generated by the use of fossil fuels). Musk said he'd support less energy-intensive coins instead.
Cryptocurrency exchanges under immense strain with BTC meltdown - Reports that Coinbase is down
There are reports that Coinbase is down for some users.
Swamped with transactions following Musk on BTC earlier in the session which has triggered a huge drop in the crypto space. And, its not all one-way traffic, there are big bounces along with big drops. Wild swings.
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