Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns

Cointelegraph

Published May 12, 2021 06:53PM ET

Updated May 13, 2021 01:00AM ET

The Bitcoin markets are pulling back after electric car manufacturer Tesla (NASDAQ:TSLA) suspended its support for vehicle purchases using BTC.

In a May 13 tweet, Tesla’s CEO Elon Musk noted the company’s concerns regarding the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.”

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