Tesla CEO and Dogecoin enthusiast Elon Musk said on Tuesday that he “never said that people should invest in crypto[currency]” as retail investors feel the sting of the plummeting digit…
as a guest-host on “Saturday Night Live,” hitting its all-time high before quickly dipping once the episode aired.
The cryptocurrency markets have tanked in recent weeks. Bitcoin was trading at just north of $21,600 as of 10:45 a.m. on Tuesday — down more than 60% since reaching an all-time high of nearly $70,000 in November. The collapse of the crypto markets has prompted questions about whether backers of the digital coins were irresponsible in promoting them to retail investors.last year are pulling back this year in order to cut costs.
Crypto exchange FTX — which shelled out $135 million to rename the home of the Miami Heat in March 2021 — pulled out of talks to provide a jersey patch to the MLB’s Los Angeles Angels in recent weeks as the crypto market tanked, sources with direct knowledge told The Post. Another patch deal between the NBA’s Washington Wizards and a crypto company also recently fell through, the sources said.
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