Bitcoin (BTC) plunged $1,400 in half an hour on November 9 after a rapid sell-off in Tesla (TSLA) shares.
1 hour BTC/USD light chart (bit print). Source: TradingView
Tesla down 12%, Bitcoin down 2%.
Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD fell at the TSLA level shortly after Wall Street opened.
The pair reached $66,650 and climbed to around $67,000 at the time of writing, but it is still rising at $1,000 on the day.
After hitting an all-time high of $1,245 on November 5, Tesla was shaken after it was revealed that CEO Elon Musk will sell 10% of its assets valued at about $23 billion at the time.
On November 9, there was a significant increase in negative sentiment as TSLA lost up to 12% in minutes to recover. In contrast, Bitcoin is down about 2%.
1 hour light graph of $TSLA. Source: TradingView
Cook: Apple has no plans to accept cryptocurrency
The move appears to have been overshadowed by the news that Apple CEO Tim Book owns the cryptocurrency. However, in an interview, Cook dispelled any optimism about the potential adoption or acquisition of companies in the cryptocurrency sector and said that there are no plans to do so yet.
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“I think. I think it’s wise to have it as part of a diversified portfolio,” he said at the DealBook conference, according to CNBC.
As Cointelegraph reports, Musk remains more practical when it comes to Bitcoin and altcoin options, with Tesla keeping the $1.5 billion that BTC has earmarked since the beginning of this year.
Michael Saylor, CEO of MicroStrategy, replied, “If Apple adds support for bitcoin to the iPhone and converts its vault to the bitcoin standard, it will cost its shareholders at least $1 trillion.”