Elon Musk’s purchase of Twitter for $44 billion, while storming the financial world, did not miss the crypto money world. Those who have been aware of the developments since the morning hours have already started to put stable crypto money on the stock markets.
Elon Musk effect on the crypto money world
It has been talked about for a while that Elon Musk wanted to buy Twitter, but it was estimated that the board of directors would not allow it. For this reason, it has not been regarded as a serious development until now. Today, however, things have changed.
Elon Musk bought Twitter for $44 billion
First, the news that Elon Musk started negotiations with the board of directors came to the agenda in the evening hours, while the news that the signatures were signed during the night came. However, in the morning hours, crypto currency activity started to attract attention.
Stable cryptocurrencies were transferred to stock markets, possibly with information leaked from within the company. Bitcoin, which went down to the level of 38 thousand dollars, started to rise by taking action. It is currently over $40,000. In addition, US stock markets showed a similar move.
On the other hand, DOGE, which is associated with Elon Musk, also took flight. DOGE, which was around 12 cents in the morning, went up to 17 cents at this time. Daily volume exceeded 4 billion dollars. Elon Musk’s next moves will also determine the direction of DOGE.
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