The price of dogecoin fell sharply Thursday morning, sliding below 40 cents per coin, after Tesla CEO and crypto booster Elon Musk announced that the automaker was suspending the use of bitcoin in payments over environmental concerns.Musk, whose car company holds billions in bitcoin, said he was concerned by “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” The price of bitcoin also pulled back following the announcement.Thursday’s weakness continues a brutal week for dogecoin, the cryptocurrency that started as a joke nearly a decade ago but has risen to prominence this year.The price of the …
