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Bitcoin selloff wipes over $220M in value from Tesla’s crypto treasury (TSLA:NASDAQ)

Tesla Service Center. Tesla designs and manufactures the Model S electric sedan IV

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Tesla’s (TSLA) Bitcoin holdings are back under pressure as the cryptocurrency’s latest selloff erodes the value of the electric vehicle maker’s digital asset portfolio.

Bitcoin (BTC-USD) fell to as low as $62,715 during Asian trading on Friday, extending its weekly decline

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