Elon Musk's tweets have sent bitcoin on another wild ride.

Elon Musk is once again causing havoc in the cryptocurrency markets.

After initially implying the opposite, Tesla (TSLA) CEO Elon Musk has now stated that his company has not sold any bitcoin (XBT). His initial Twitter exchange had caused bitcoin's losses to worsen.

The latest cryptocurrency saga began on Sunday, when a user known as CryptoWhale tweeted, "Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #bitcoin holdings."

"With the amount of hatred @elonmusk is receiving, I wouldn't blame him," the user continued.

About an hour later, Musk simply replied, "Indeed."

Bitcoin had dropped below $43,000 within hours, having lost more than 8% in the previous day, according to cryptocurrency tracker Coinbase.

It had already lost some ground earlier in the day on Sunday, but the losses were accelerated following Musk's post.

Musk posted a follow-up tweet later, writing, "Tesla hasn't sold any bitcoin to clarify speculation."

According to Coinbase, digital currency value immediately jumped from $42,566 to nearly $44,138, about 3.7 percent, in about five minutes from the tweet of Musk.

A request for comments on their holdings in the digital currency was not immediately answered by Tesla.

Musk posts came just days after he caused another stir last week and announced that Tesla was going to reverse her plans to pay bitcoin for her cars. The high environmental costs of Bitcoin were the reason he cited for the move.

"We are worried that the uses of fossil fuels are increasing rapidly for Bitcoin mining and transactions, particularly coal which has the most severe emissions," Musk said in a Twitter note on Wednesday. "Cryptocurrency on many levels is a good idea, and we consider it to have a future that is promising, but that cannot afford the environment very much."

Digital currencies have been well documented for years for the environmental cost of mining or creating.

The news was about 12 percent down on Bitcoin. After months of Musk, bitcoin and other popular cryptocurrencies such as dogecoin were hyped personally.

Shortly before that, in a Twitter survey, the CEO asked his followers to "Tesla to accept the Doge."

Tesla and Musk seemed quite bullish on bitcoin for at least a few months, revealing in February that they had invested $1.5% in bitcoin to buy their cars using cryptocurrency. Tesla and Musk are now fairly bullish.

Late in March, Musk tweeted that people "can purchase a Bitcoin Tesla now."

The company said in last month's regulatory report, however, that each quarter it assesses whether "events or changes in circumstances...

Show that our digital assets are more likely than not to be impaired." It also revealed that 10 percent of its Bitcoin share it had sold and earned a profit of $101 million.

Last week, Musk said that after the currency has found smoother energy, Tesla still plans to use Bitcoin.

"Tesla won't sell bitcoin and we're planning to use it for transactions as soon as it moves towards more sustainable energy," he said.

"And we are looking at other [less] 1% energy / transaction cryptocurrencies." " "

Other Musk companies also took part in the action. His space explorer SpaceX claimed last week to be paying for dogecoin on a future mission.