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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