Bitcoin drops below $67K after Tesla stock slump and Apple CEO denies crypto plans

A close relationship with TSLA means that Bitcoin responds to a 12% stock crash. Apple adds to the feeling of anticlimax despite recent BTC highs.
BTC (BTC) fell $1400 in less than an hour on Nov. 9, after a snap sale of Tesla ($TSLA). Source: TradingViewTesla drops 12%, Bitcoin 2%. Data from Cointelegraph Markets Pro, TradingView, and TradingView showed that BTC/USD fell in line with TSLA just after the Wall St. opening. TSLA lost as much as 12% in just minutes before recovering. BTC fell by only 2%, while TSLA lost 12% in the first hour. Source: TradingViewCook – Apple does not plan to accept cryptocurrency. This move seemed to overshadow the news that Apple CEO Tim Book is a crypto owner. Cook said that there was no plan to accept or purchase corporate crypto. “I think it’s reasonable for it to be owned as part of a diversified portfolio,” Cook said at the DealBook conference. He was quoted by CNBC. Cointelegraph reported that Musk is still much more involved in Bitcoin and other altcoins. Tesla has retained its $1.5 billion BTC allocation. “If Apple were support Bitcoin on the iPhone and convert their Treasury to a Bitcoin Standard it would be worth at most a trillion dollars for their shareholders,” MicroStrategy CEO Michael Saylor responded to Cook’s words.

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