Musk’s “final” tweet caused bitcoin prices to plummet by $2,000


Tesla CEO Elon Musk released another series of cryptocurrency-related tweets on Thursday, putting greater pressure on the cryptocurrency market.

After Musk posted about Bitcoin on Twitter, Bitcoin lost about $2,000 in a few hours (Bitcoin) once again.

The Bitcoin price reacted immediately, falling from approximately $38,700 to $37,500 within an hour.Bitcoin continues to fall as Musk keeps posting more mysterious posts in his posts, including another post with a breakup theme tweet Regarding falling cryptocurrency prices and postal In Dogecoin (dog).

Bitcoin subsequently fell to a low of $36,400, falling by more than 6% in the past 24 hours.At the time of writing, BTC is trading According to CoinMarketCap’s data, it is $36,322.

Price movement soon Bitcoin tries to retest $40,000 Yesterday, some traders stated that BTC may face a correction before continuing its upward trend.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Musk’s new Bitcoin tweet provoked another wave of anger in the encryption community. Some people question the credibility of Musk’s tweets about Bitcoin.

Musk has Widely criticized in society Due to concerns about the environment of Bitcoin mining, he announced the suspension of Tesla’s BTC payment option, causing BTC to fall by nearly $30,000 in mid-May.

Musk has become a major Bitcoin price influencer on Twitter, previously leading to The market is mainly optimistic In February, it announced the purchase of $1.5 billion worth of Bitcoin.After Tesla suspended BTC payments, Musk hinted at the company Can sell their bitcoins From its balance sheet.

Musk’s latest tweet is here Miami Bitcoin 2021 event This will begin this morning and is touted as the “largest Bitcoin event in history.”