Tesla turns tables on Bitcoin as 2023 gains outpace BTC price comeback

Tesla receives investment from "big name" asset management firm...

It's a game of cat and mouse for BTC price and $TSLA stock this month, but so far, Tesla is staging a stronger rebound. On Friday, Bitcoin was up 16% in 2023, staging a long-awaited recovery after 2022's bear market.  Despite this promising start to the new year, data from Markets Pro and TradingView show that for all its newfound strength, Bitcoin is still playing catch-up.  TSLA/USD 1-hour candle chart. Source: TradingView. $TSLA stock has rebounded around 25% from its January low. This recovery comes after a hard-fought battle with numerous "enemies" in 2022, including a bear market (which is notoriously harsh on tech), Elon Musk's $44 billion purchase of Twitter, and slowing demand for electric vehicles.  After seeing grim year-on-year losses of nearly 65%, BTC is also keenly eyeing the potential for growth, having begun 2023 with a dip below $16,500. "Crypto has been largely correlated to tech for the last few years but the BTC chart overlayed on TSLA is actually crazy," popular Twitter account Bluntz commented on a combined chart earlier in the month. However, not everyone is concerned about TSLA's supposed drop.  One big-name asset management company has scooped up as much as 22,000 shares of $TSLA on January 11.  Any guesses on who that could be?  Read the full story here on Cointelegraph. Don't miss a beat in the world of crypto. Leverage the same AI technology that Cointelegraph's journalists use to surface the latest news with the NewsQuakes™ indicator that's only available on Markets Pro — learn more. Regards, Russell DeCorte Director Markets Pro © 2022 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.