For the first time since mid-2018 Bitcoin dominance index fell as low as 40.6%. The market cap of the coin is under $1 trillion and stands at about $843 B.
The BTC price has seen over a 22% decline during the previous 7 days. Currently, it trades at around $45.000. Bitcoin saw a major decline on May 13, when Tesla CEO Elon Musk announced the company stopped accepting payments in the coin. The reason was Bitcoin's use of a great amount of energy.
Tesla's move raised various discussions on social media. Later, the billionaire stated that the company hasn't sold any Bitcoin.
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In February 2021 Tesla invested $1.5 B in BTC. However, in April it sold 10% of the acquired amount.Elon Musk said in one of his latest tweets that investing in crypto is promising but people should be careful and not put their life savings at risk.