Bitcoin fell below $67,000 due to the collapse of Tesla’s stock price and the denial of the crypto plan by Apple’s CEO


Bitcoin (Bitcoin) Fell by $1,400 in half an hour on November 9, after Tesla (TSLA) stock was suddenly sold off.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Tesla fell 12%, Bitcoin fell 2%

Data from Cointelegraph Markets Pro with Transaction view It shows that BTC/USD is consistent with TSLA shortly after the opening of Wall Street.

At the time of writing, the currency pair hit $66,650 and then rebounded to around $67,000. Still up $1,000 That day.

After setting an all-time high of US$1,245 on November 5, Tesla’s CEO Elon Musk’s Sell ​​10% of his holdings, It was worth about 23 billion U.S. dollars at the time.

On November 9, negative sentiment accelerated significantly as TSLA lost 12% in the minutes before recovery. In contrast, BTC fell by about 2%.

$TSLA 1-hour candlestick chart. Source: TradingView

Cook: Apple has no plans to accept cryptocurrency

This move seems to cover up the news that Apple CEO Tim Book owns cryptocurrency. In an interview, Cook still eased any optimism about possible corporate cryptocurrency acceptance or purchase, saying that there is currently no plan to do so.

related: As Crypto.com jumps to third place, Coinbase regains first place on the Apple App Store

“I do. I think it is reasonable to own it as part of a diversified portfolio,” he said at the DealBook conference. according to To CNBC.

As Cointelegraph reported, Musk still has more hands-on capabilities in Bitcoin and selected altcoins. Tesla retains its $1.5 billion BTC allocation Started earlier this year.

“If Apple adds support for Bitcoin on the iPhone and converts their treasury to the Bitcoin standard, it will be worth at least one trillion U.S. dollars for their shareholders,” MicroStrategy CEO Michael Saylor Responded.