Elon Musks tweet boosted Bitcoin Ethereum and Dogecoin

Elon Musk’s tweet boosted Bitcoin, Ethereum and Dogecoin

Bitcoin, Ethereum and Dogecoin prices have notably strengthened after SpaceX and Tesla CEO Elon Musk posted a message on his Twitter account, reminding that he remains a digital asset owner and has no intention of to part with you. This isn’t the first time Elon Musk’s tweets have impacted the value of cryptocurrencies.

Image source: Pixabay

Image source: Pixabay

Following the billionaire’s latest publication, Bitcoin regained the previously lost 2.9% in value, but then its price crept back down. At the same time, the price of Ethereum increased by 2.3%, after which its value also slightly decreased. The most notable jump was Dogecoin, which is up 3.8% in price in just an hour after Musk’s publication. At the time of writing this note, the price for one bitcoin was approximately $39,054, $2,590 for one unit of Ethereum, and $0.12 for one dogecoin.

Note that Elon Musk has previously written messages that directly impact the cryptocurrency market. For example, last May he stated that he “has not sold and does not intend to sell” Dogecoin, a hoax token created in 2013. In October of the same year, Musk announced that he owns Bitcoin, “Ether” and Dogecoin.


About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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