Elon Musk's embrace of Bitcoin earlier this month week rocketed the cryptocurrency almost 50pc higher to more than $58,000 (48,000). His cold shoulder this weekend whipsawed the largest digital asset.
Bitcoin trimmed losses to 8pc after plunging as much as 17pc yesterday. It briefly came back below $50,000 in New York, giving up more than $8,000 in a matter of hours after the world's richest man tweeted his concern that the price had risen too high too quickly.
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