Bitcoin crashes after Elon Musk tweeted with a broken heart

The price of bitcoin plummeted after the publication of two tweets by Elon Musk in which he made references to bitcoin and dogecoin.

By: Newsroom HoyDinero

MEXICO.- Bitcoin falls more than 7% this Friday, in a day in which several tweets from the head of Tesla, Elon Muskin which he seems to regret having broken with cryptocurrency, move the markets again.

The great position of Tesla in bitcoin and Musk’s huge personal following on social media puts the crypto markets on edge every time he tweets.

On this occasion, the price plummeted after publishing the label “#bitcoin” with an emoji of a broken heart and a photo of a couple discussing a breakup.

Musk went on to post comic strips and responded “okay” to an illustration of rival cryptocurrency dogecoin posted by the platform Coinbase. It’s unclear if any of the tweets mean anything, if at all.

The billionaire had previously said that Tesla will not sell his bitcoins, but his tweets were enough to shake markets that remain fragile after the May crash.

When Elon Musk tweets any content related to crypto, the market (…) expects a reaction,” said Nick Spanos, co-founder of the Swiss project ZAP Protocol.

Bitcoin crash pressures it below its 20-day moving average to a low of $36,263, and subtracts some coverage from his earnings so far this week, in which he accumulates a rise of 2%.

The second largest cryptocurrencyEther, which tends to move in tandem with bitcoin, lost 8% to $2,626, though it remains on track for its second consecutive weekly gain.

Dogecointhe cryptocurrency perhaps most sensitive to Musk’s views, which helped a joke-born currency reach a multibillion-dollar market valuation, is also down more than 10% to about $0.36.

Font: Forbes

Maybe you are interested in: With this good habit you can achieve greater economic stability

We wish to thank the author of this article for this incredible material

Bitcoin crashes after Elon Musk tweeted with a broken heart