The price of bitcoins has dropped to the lowest level in the last three months on Monday (17/5) because investors sold crypto asset to the world's largest market capitalization.
The investor's move to sell bitcoin after elon musk hintered last weekend that tesla was considering or might have sold some of the cryptoasset's holdings.
Musk has increased the crypto market with his enthusiasm for the asset class. But, lately, the trade has been rather calm in bitcoin for dogecoin.

Twisting begins to scare even the mentally tempered steel trader.

"It has turned from fear of abandonment to fear of not coming out, and you've seen a lot of people throw (bitcoin) away," says Chris weston of the pepperstone broker to Reuters.
He saw, the average movement of 200 days just under $40,000 as the next key test for bitcoin.
"Why would I want to buy bitcoin now, even if bullish, until the liquidation is complete and you see some price consolidation?" he said.
The bitcoin price is down more than nine
According to Reuters, the bitcoin price dropped more than 9% on Monday to $42,185, the lowest since February 8th. While ETH linked with ethereum blockhain, went down even lower to us $3,123.94 level. And the price of dogecoin is down almost 7% to $0.48.

On Wednesday (12/5) last week, Musk said that tesla would stop taking bitcoins as payment, because of the environmental problem of energy use to process the cryptoasset transaction.
Keeping that decision on Sunday (16/5), Musk suggested that tesla might have sold the possession of his bitcoins.
Responding to an unverified twitter account named @cryptowhale that says: "bitcoiner will slap themselves in the next quarter when they find out tesla discarded the rest of their bitcoin holdings. With the amount of hate @elonmusk gets, I don't blame him ", musk says: "I do."

It is unclear, whether Musk confirmed the sale or whether he was merely referring to the fact that he faced criticism.