Cardano Back to Top 4 as Bitcoin Dominance Drops to 35-Month Low

in hive-116221 •  4 years ago 

STEEM POSTS

Ever since Elon Musk announced that Tesla will cease receiving bitcoin payments for its electric vehicles, the price of the primary cryptocurrency has struggled severely.

BTC traded above $58,000, but Musk's words brought enhanced volatility that pushed it down by roughly $12,000 in a day. After reaching a two-month low at $46,700, bitcoin attempted a quick recovery, which took it only to about $51,000.


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