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Old 29-01-2021, 18:15
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KostiaFM KostiaFM is offline
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Default Re: Daily Economic news by ForexMart

January 29. Bitcoin rose after Elon Musk's tweet

According to the trading data, the growth of bitcoin on Friday accelerated sharply, exceeding the $38 mark. The growth driver was the publication of Elon Musk on his Twitter page, where the entrepreneur mentioned bitcoin, adding the hashtag «bitcoin».

Also, the head of Tesla and SpaceX wrote a separate message: «In retrospect, it was inevitable.»

As a result, the rate of the first cryptocurrency immediately skyrocketed from $32 thousand to $38 thousand, stabilizing slightly during the day at $37 thousand.Thus, in about an hour, the price of bitcoin increased by more than 17%.

A few days earlier, Elon Musk «boosted» another cryptocurrency – previously little-known Dogecoin. It skyrocketed in value by more than 800% after Musk's «joke» mention on his Twitter account.
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