Bitcoins’ latest price correction pulled back more than 50% from its all-time highs. Elon Musk’s tweet announcing Tesla’s suspension of bitcoin purchases accelerated the price drop.

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Bitcoin’s latest price correction

While bitcoin has been one of the world’s best-performing assets over the past 10 years, the cryptocurrency has had its fair share of volatility and price corrections.

Using data from CoinMarketCap, this graphic looks at bitcoin’s historical price corrections from all-time highs.

With bitcoin already down ~15% from its all-time high, Elon Musk’s tweet announcing Tesla would stop accepting bitcoin for purchases helped send the cryptocurrency down more than 50% from the top, dipping into the $30,000 price area.