CRYPTOCURRENCY stocks recovered after a four-day decline that saw a $ 6.1 billion drop in value following Elon Musk’s surprise Bitcoin announcement.

Home » CRYPTOCURRENCY stocks recovered after a four-day decline that saw a $ 6.1 billion drop in value following Elon Musk’s surprise Bitcoin announcement.

The gains came as Bitcoin jumped more than 15% on Thursday.

Musk on Wednesday released a statement saying Tesla will no longer accept Bitcoin to buy vehicles.

Posting to his personal Twitter account, he wrote: “Tesla has suspended the purchase of vehicles using Bitcoin.

“We are concerned about the rapid increase in the use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”

Within minutes, Bitcoin began to plummet, as much of the cryptocurrency's recent growth was based on speculation of its future as a legitimate currency based on Tesla's decision to accept payments.

However, Musk insisted he was still “very confident in crypto”.

“To be clear, I really believe in crypto, but it can't drive massive increases in the use of fossil fuels, especially coal,”

Stake
Modern Bitcoin Casino & Sports betting platform. Enhanced privacy. Instant deposits & withdrawals. Provably fair slots & games. 130+ crypto currencies
ATM, Hashdice, Blackjack, Roulette and many other games are here based on provable fairness of the blockchain technology. Plus, not only having fun, you can be a banker. Join BC.Game now and Boost Cryptocurrencies here!
WINDICE is the best dice game of cryptocurrency
Roobet, crypto's fastest growing casino. Hop on in, chat to others and play exciting games - Come and join the fun!
Rollbit
Innovative crypto gambling & trading platform. Win and trade Bitcoin and Ethereum. Provably fair games. 1000+ slots and live games. Instant withdrawals.
Bitsler offers casino games like dice and roulette with bitcoin, ethereum, ripple and 17 other cryptocurrencies. Win part of our $1000000+ yearly gambling
Best crypto dice game on the web: instant BTC deposits & withdrawals, a bunch of bonuses, highest faucets, live support, lossback available for HR.
Bitcoin dice game established 2013. Provably fair. Lowest house edge. Instant deposits & withdrawals. Enhanced privacy. Register instantly & gamble Bitcoin
RocketPot The fastest-growing crypto casino

Join Bitcasino Today ☆ Play with 24/7 LIVE Dealers, Slots, Dice and Table Games ☆ Register Anonymously.