Bitcoin Falls Below $47,000

May 13, 2021 1:38 PM EDT

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Bitcoin continues lower and is trading below $47,000 following headlines Binance is said to face investigations from Justice Dept, IRS. This added to pressure seen in the cryptocurrency after Elon Musk said Tesla would stop accepting it as payment for cars due to environmental concerns. Bitcoin was hovering near $60,000 earlier in the week.



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