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Bitcoin falls after Elon Musk tweets breakup meme

Mount Equity Group Tokyo, Japan > News > Tech > Bitcoin falls after Elon Musk tweets breakup meme

Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to SpaceX projects during his appearance at the conference.Win McNamee | Getty Images

Bitcoin’s price fell Friday morning after Elon Musk posted a tweet suggesting he’s fallen out of love with the world’s top cryptocurrency.

The billionaire Tesla CEO tweeted a meme about a couple breaking up over the male partner quoting Linkin Park lyrics, adding the hashtag #Bitcoin and a broken heart emoji.

Bitcoin fell nearly 6% to a price of $36,432 at around 3 a.m. ET Friday, according to data from Coin Metrics. Other digital coins followed suit, with No. 2 cryptocurrency ether dipping 7% to $2,600 and dogecoin — Musk’s favored crypto — sinking almost 8% to around 36 cents.

Bitcoin has had a wild year, reaching a record high of more than $64,000 in April, only to then plummet to nearly $30,000 the following month. It’s now more than 40% off its all-time high, though still up almost 30% so far in 2021.

It’s not the first time Musk’s tweets about crypto have moved the market. In May, he said that Tesla