Cryptocurrency crash wipes $800 billion of the market in may

The month of may has been rough for crypto traders all over the world. Bitcoin prices crashed to $30,000 after Elon Musk said he sold all his coins and he also suggested that Tesla may have dumped over $1 billion in bitcoin holding.  The news traveled around and many crypto holders began selling their holding, following Elon's comment about Bitcoin mining power use. He also mentioned that Tesla will stop accepting Bitcoin payments for Tesla products. 

From Bitcoin to Ethereum, to Dogecoin and more, all of it went down below 30 percent. 

Note:

•  Bitcoin mining council created to standardize energy reporting. 
• $400 Billion wiped out of the market in the past 7 days.