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Bitcoin price plunges by 17%: Elon Musk tweets value ‘seems high’ – NEWS.com.au

Bitcoin price plunges by 17%: Elon Musk tweets value ‘seems high’

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The price of bitcoin plunged 17 per cent on Monday after hitting a record high of $74,019.31 on Sunday.The volatile cryptocurrency fell to $65,204.59 before regaining ground. At 7.30am AEDT it was valued at $68,676.84.
The slide came just hours after billionaire Elon Musk tweeted that bitcoin and Ethereum “seem high”.
RELATED: Bitcoin’s market value hits $1 trillion for first time ever
The comment comes after Tesla invested nearly $2 billion in the cryptocurrency. The company has already racked…

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