Bitcoin struggles to escalate after Tesla's U-turn

May 14, 2021 AlShorts Web Desk

Bitcoin has regained some of the losses it witnessed after Elon Musk announced that Tesla will stop accepting payment in Bitcoin. Price dropped 17% from USD54,819 to USD45,700 recovering to around USD49,265. He again tweeted a few hours earlier, stating his support for crypto, but it can not come at the cost of burning coal.