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Elon Musk's net worth reduced by $15 billion as Bitcoin price falls after warning

Shortpedia

Content Team
Image Credit: Shortpedia

The cryptocurrency market has witnessed a sudden slump in the past day and the impact reflected on the net worth of Elon Musk who had earlier warned that the prices of Bitcoin and smaller rival Ethereum “do seem high.” A whopping $15 billion was wiped out of Musk's net worth as Tesla Incorporation shares fell 8.6 percent. Bitcoin prices fell below $50,000 after crossing the all-time high of $55,000.