Bitcoin Price Elon Musk Tweet

Elon Musks Tweet And The Bitcoin Price. Cryptocurrencies prices rise yet again with a single tweet from Elon Musk.


Elon Musk Changes His Twitter Bio For Bitcoin In 2021 Bitcoin Twitter Bio Elon Musk

Following the tweet the price of bitcoin BTC dropped by over 3 early on Friday to well under 38000.

Bitcoin price elon musk tweet. Elon Musk the dogecoin. His tweet says that Tesla will not be using bitcoin for future transactions. The Elon Musk effect Earlier this year the price of Bitcoin was boosted by the news of Teslas 15 billion investment in the cryptocurrency butto a certain extentit was Musks tweets that helped it set a new all-time high above 64000 in April.

The tweet did little to rally the price of Bitcoin. Musk even followed his meme tweet with another meme trolling about the price crash. The price of Bitcoin slid below 38K for a brief period right after Musks tweet.

On Sunday morning the value of one bitcoin was 49594. This is a big concern to the environment of the world. This tweet came amidst a plunge in the price of Bitcoin dropping to levels slightly above 30000.

Elon Musk has tweeted to clarify speculation after his posts sent the price of bitcoin and other cryptocurrencies plunging. Bitcoin price soared to US40000 thanks to Elon Musks tweet that shook the crypto market. Another day in crypto Teslas chief Elon Musk made another tweet and bitcoin BTC price dropped - but are these events connected.

The price of Bitcoin rallied slightly. The Tesla chief executive had sent a tweet. Elon Musk elonmusk May 12 2021.

AMC CEO not only talking about accepting dogecoin but saying it was the single most interacted with tweet he has ever made. Thats still quite a ways off its all-time high of 64829 but bitcoin diehards have to be excited that its moving in a positive direction after Musks tweets from the past few months. You can donate here.

Three days later Musk tweets that Tesla has diamond hands and is holding on to its Bitcoin. In a recent tweet Elon Musk said that Tesla would resume bitcoin. Musks tweets sent bitcoin tumbling as low as 42100 before it rebounded somewhat well off Aprils record high of close to 65000.

It turns out that in large majority of cases Musks tweets seem to not have any impact on BTCs price immediately post tweeting or one day later and certainly not in the long run. Musk later posted a comic strip depicting a different separated couple. The coin fell to around 36600 on Friday once Musk tweeted Bitcoin along with a broken-heart and an image of a couple contemplating a break-up.

If 280 characters or less can stir up the crypto market shouldnt we rethink cryptocurrency being a viable investment. While the price of bitcoin was stabilising around 44000 early Friday even reaching 45000 at a point in the last two hours it has nosedived to. The number one crypto slumped by about 5 percent after Elon Musk tweet in the last hour.

Anyway back to the markets reaction The bitcoin market was sent spiraling downwards as leveraged speculators and traders quickly exited their position with the price of bitcoin falling to as low as 45000 before catching a. Bitcoin price and a. It is the same concern Bill Gates warned about a couple of months back saying Bitcoin is bad for the planet.

Value of the digital currency immediately jumped about 37 from 42566 to almost 44138 within about five minutes of Musks tweet according to Coinbase. The value of Bitcoin slumped from a high of 39471 on Thursday to just 36600 in early trading on Friday -. Elon Musk announces suspension of Bitcoin Tesla purchases.

After Musk sent his tweet the token declined at a vertiginous pace dropping as low as 42141 a more than 15 percent decline. The reason is simple the usage of coals causes a huge carbon footprint.


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