Bitcoin gains since Elon Musk’s initial big embrace now completely erased

The world’s largest cryptocurrency has dropped roughly 40% from its record of almost $65,000 and was trading around $39,360 as of 6:36 a.m. in London, a level last seen before the EV-maker disclosed its investment.

All that’s been wiped out after Musk sent investors into a tizzy following a mass of head-spinning tweets that started last week when he criticized Bitcoin’s energy use. (MINT_PRINT)