Bitcoin dips below $67K as Tesla stock slump combines with Apple CEO denying crypto plans

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Bitcoin (BTC) fell $1,400 in half an hour throughout Nov. 9 after a snap sell-off hit Tesla (TSLA) inventory.

BTC/USD 1-hour candle chart (Bitstamp). Supply: TradingView

Tesla falls 12%, Bitcoin 2%

Information from Cointelegraph Markets Pro and TradingView confirmed BTC/USD fall consistent with TSLA shortly after the Wall St. open.

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The pair hit $66,650 earlier than bouncing to linger at round $67,000 on the time of writing, still up $1,000 on the day.

After hitting all-time highs of $1,245 on Nov. 5, Tesla noticed turbulence after it emerged that CEO Elon Musk would sell 10% of his holdings, value round $23 billion on the time.

Nov. 9 noticed a big acceleration of the unfavourable temper as TSLA misplaced as much as 12% in minutes earlier than recovering. In contrast, BTC fell by round 2%.

$TSLA 1-hour candle chart. Supply: TradingView

Prepare dinner: No plans for Apple to just accept crypto

The transfer appeared to overshadow information that Apple CEO Tim Ebook owns cryptocurrency. In an interview, Prepare dinner nonetheless tempered any optimism over potential company crypto acceptance or purchases, saying that there have been no plans as but to take action.

Associated: Coinbase regains #1 position on Apple App Store as Crypto​.com jumps to third

“I do. I believe it’s affordable to personal it as a part of a diversified portfolio,” he stated on the DealBook convention, according to CNBC.

As Cointelegraph reported, Musk stays way more hands-on in relation to Bitcoin and chosen altcoins, with Tesla retaining its $1.5 billion BTC allocation from earlier this yr.

“If Apple had been so as to add assist for Bitcoin to the iPhone and convert their treasury to a Bitcoin commonplace, it will be value no less than a trillion {dollars} to their shareholders,” MicroStrategy CEO Michael Saylor responded.