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Musk sends bitcoin tumbling with shock u-turn on payments

May 13, 2021 Business, Market, Markets-Economic Times

The largest cryptocurrency dropped as much as 15% in Asian trading, sliding below $50,000, before paring some of the drop. It was down about 8% to $50,190 as of 10:53 a.m. in Tokyo. The were reports of outages at digital-token exchanges as people rushed to sell.

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