Bitcoin fell Friday after Tesla’s CEO Elon Musk put out a cryptic tweet, hinting at a breakup with the top cryptocurrency.
Musk tweeted a broken heart with the bitcoin (BTC, -5.66%) logo and a picture showing a couple in the midst of a breakup during the Asian hours.
The crypto community took it as a sign of the billionaire distancing himself from bitcoin and offered the cryptocurrency, leading to price losses.
Bitcoin fell nearly 7%, hitting lows under $36,500 and reversing Thursday’s rally to $39,200.
The retreat has poured cold water over the optimism generated by the symmetrical triangle breakout confirmed on Thursday.