On Thursday Bitcoin slid to a 2-1/2-month low after a regulatory probe into crypto exchange Binance added pressure from Tesla Inc chief Elon Musk’s reversing his stance on accepting the digital currency.
On Thursday Bloomberg reported that as part of the Binance inquiry, the U.S. Justice Department and the Internal Revenue Service have sought information from individuals with insight into its business.
“Environmental matters are an incredibly sensitive subject right now, and Tesla’s move might serve as a wake-up call to businesses and consumers using bitcoin, who hadn’t hitherto considered its carbon footprint,” Laith Khalaf, an analyst at AJ Bell, said.
