Weekends have not been welcoming for cryptocurrencies for past some time, and to add to the growing woes, Tesla CEO Elon Musk has again rattled the digital coins through his social media posts. On Sunday, Musk tweeted that “Goods & Services are the real economy, any form of money is simply the accounting thereof." Goods & services are the real economy, any form of money is simply the accounting thereof — Elon Musk (@elonmusk) June 5, 2021Bitcoin’s average swing on Saturdays and Sundays this year comes in at 5.35%. The move extends its downtrend for a second day after a cryptic tweet from Elon Musk that hinted at a potential split with the cryptocurrency. With inputs from BloombergSubscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint June 06, 2021 00:11 UTC