Elon Musk has taken to Twitter to quell the turbulent cryptocurrency market
Tesla CEO Elon Musk has taken to Twitter—again—to assuage the concerns of those who thought that Tesla was readying to get out of Bitcoin.
The top cryptocurrency instantly rallied over six percent on the Musk tweet.
Earlier today, Bitcoin plunged as low as $30,078 on the Bitstamp exchange.
Musk’s recent tiff with the community is considered one of the main reasons for the brutal rout.
The centibillionaire also implied that Tesla could part ways with its massive Bitcoin stash but later denied that the e-car maker had sold any additional coins.