Bitcoin Hits 3-Month Low, Then Rallies on Musk Tweets

Bitcoin Hits 3-Month Low, Then Rallies on Musk Tweets
The logo of the Bitcoin digital currency is seen in a shop in Marseille, France, Feb. 7, 2021. REUTERS/Eric Gaillard/File Photo/File Photo
Reuters
Updated:

LONDON—Bitcoin rallied from a 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 weekend tweets hinted that Tesla was considering or may have already sold some of its massive holdings.