CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, Kate Rooney explains Tesla’s suspension of bitcoin payments for cars. Plus the “After Hours” team breaks down why the stock market is so spooked by inflation.
Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin.
At around 6 p.m. ET on Wednesday when Musk made the announcement, the value of the whole cryptocurrency market stood at around $2.43 trillion, according to…