Amid volatility, Bitcoin rallies from three-month low on Musk's tweet

Topics Elon Musk | Bitcoin | cryptocurrency


Bitcoin rallied from three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk's tweets about the carmaker's bitcoin holdings. In his latest tweet, Musk said "Tesla has not sold any bitcoin".

That seeming clarification came after his weekend tweets that hinted Tesla is considering or may have already sold some of its massive holdings. Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately.

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