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  • a big drop in the price of Bitcoin Tuesday is fueling fears.

  • A recent buying frenzy had pushed the value of the notoriously volatile asset far beyond where it should be.

  • The world's biggest crypto currency was in the throes of its biggest daily plunge in a month, sparking the liquidation of leveraged bets and a selloff across the Cryptocurrency world.

  • Tesla was also caught up in the whirlwind as the plummeting Bitcoin takes the shine off of Tesla's recent $1.5 billion Bitcoin investment.

  • With that gamble now worth much less, the stock is under pressure, erasing all of its gains for the year, shaving off more than $110 billion of market value and some $20 billion from CEO Elon Musk's net worth.

  • Nerves have gotten the best of Bitcoin buyers since they hit a record high on Sunday of more than $58,000.

  • Since then, it has lost over 20% of its value, trading at one point and about $46,000 on Tuesday.

  • Rising government bond yields have recently knocked the wind out of riskier assets on Wall Street, and Bitcoin is one of the riskiest of them all.

  • The stampede away from Bitcoin Onley intensified by investors dumping purchases made with borrowed money.

  • Adding to the pressure comments from U.

  • S Treasury Secretary Janet Yellen, who on Monday said the digital currency was extremely inefficient at conducting transactions and was, ah, highly speculative asset.

  • Even with Tuesday's plunge, Bitcoin is still up 60% so far this year.

a big drop in the price of Bitcoin Tuesday is fueling fears.

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