Business daily – Bitcoin price swings continue as Musk tweet sparks rebound

By Nick J Adam On May 20, 2021

Issued on: 20/05/2021 – 09:53

The price of Bitcoin has seen more wild swings after a tumultuous week for cryptocurrencies. A selloff sparked by comments from Chinese regulators was followed by a tweet from Elon Musk on Wednesday that Tesla was holding onto its investment in Bitcoin, which sparked a rebound in prices. Also today, we report on how employers in the United States are offering higher wages and other incentives to potential employees, as many sectors struggle to recruit new staff.

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