TOKYO/HONG KONG/LONDON (May 13): Bitcoin regained some of the losses sustained after Elon Musk said that Tesla would stop accepting the digital tokens as payment for its cars, and was trading at nearly $50,000 on Thursday.

The price of the world's largest cryptocurrency dropped 17% from around $54,819 to $45,700, its lowest since March 1, in just under two hours following Musk's tweet on Wednesday.