Crypto Moves — Bitcoin, Ether down: Tesla sold 75% of its Bitcoin

RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Thursday, falling by 1.89 percent to $22,939 as of 11:01 a.m. Riyadh time. 

Ether, the second most traded cryptocurrency, was priced at $1,488 down by 2.68 percent, according to data from CoinDesk.

Tesla sold about 75% of its Bitcoin holdings

Electric car company Tesla released its second-quarter earnings report, revealing it has converted nearly 75 percent of its Bitcoin into fiat currency.