Bitcoin stabilises as Musk backlash spawns new crypto ‘stopelon’

Bitcoin stabilises as Musk backlash spawns new crypto ‘stopelon’

Cryptos recovered some of their earlier losses which had been triggered by Tesla's Elon Musk. Photo: Reuters

Cryptos recovered some of their earlier losses which had been triggered by Tesla’s Elon Musk. Photo: Reuters

Cryptocurrencies ticked up on Tuesday morning, recovering the losses from the weekend after Tesla (TSLA) chief Elon Musk sparked a sell-off. 

Meanwhile, a new cryptocurrency called Stopelon has been launched purely to limit Musk’s influence over the volatile market.

Bitcoin was up (BTC-USD) 1%, trading at $45,005.418 (£31,708.12). Ethereum (ETH-USD) the second-biggest crypto by market…


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