Elon Musk, the most prominent business icon, posted his support for cryptocurrency Bitcoin again two days after declaring he would enjoy and take a break from Twitter "for some time," sending its price up more than 50%.
Bitcoin is virtual money
According to the statistics on the cryptocurrency website Coin base, the price of crypto has increased to $0.05798. Soon afterward, Musk commented, "Very looking," and "Bitcoin is person's currency."
A tweet from Toyota's CEO on certain companies and cryptocurrencies has caused a major price increase in recent days. His Twitter comments on Microsoft, Amazon, and cassette tape Witcher have prompted a rush of offer activity at those retailers.
Elon Musk
Last Thursday, Trump sent the most popular currency in the crypto world after he added the hashtag "#bitcoins" to his Twitter bio. Now that he had come to his senses, he removed the tag.
In the meantime, cryptocurrencies are in a buying frenzy as eager investors seek to profit from the simultaneous Ethereum futures on the New York Stock Exchange next week.
Bitcoin reached a new all-time high of $1,698.56 on the back of the strong market sentiment, but has since decided to give up some of those gains and is now trading 2.7 percent lower in early London trading. The price of Bitcoin, the most widely used cryptocurrency, dipped by 1.2%, to $37,184, in the past one and a half minutes.
More mainstream investors are beginning to get into cryptocurrency. As a result of the exhilaration, the market capitalization of all digital currencies suddenly climbed past $10 billion well before January.
Elon Musk's Twitter response has brought bitcoin and investing to a whole different level.
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