There was an important development that affected the entire crypto money community. Billionaire businessman Elon Musk made both Bitcoin and Dogecoin prices skyrocket with a post he made on Twitter. Having made similar moves in the past, Musk made his move this time using Twitter, which he recently bought for $44 billion.
Cryptocurrency markets have been in a stagnant state for a while. Bitcoin has been hovering between $21,000 and $23,000 for the past week. This situation makes itself felt in other cryptocurrencies as well. However, something happened this morning that changed the situation. The shares made by Elon Musk gave life water to Bitcoin. Other cryptocurrencies and Dogecoin were also affected.
Bitcoin’s price chart changed as follows:
Bitcoin (BTC), which was traded at $ 21 thousand 650 in the morning, rose to $ 22 thousand 300 in a few minutes in parallel with the sharing of Elon Musk. Bitcoin prices, which later saw a small sale, are trading at $ 22 thousand 140 as of the writing of this article.
Dogecoin’s price increase exceeded 6 percent in 24 hours!
Dogecoin (DOGE), which Elon Musk has supported for years, was trading at $ 0.082 before the shares on Twitter. DOGE price rallied as high as $0.087 just minutes later. As of now, the cryptocurrency, which is traded at $ 0.086 levels, has gained more than 6 percent in the last 24 hours.
So what did Elon Musk say, did the crypto money markets move?
Using a montaged photo in his post on Twitter, Elon Musk said that the Twitter CEO is the Shiba Inu dog representing Dogecoin. Afterwards, the billionaire businessman, who shared a few more photos, activated the crypto money markets with this move.
*This content cannot be considered as investment advice.
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