Elon Musk Tweet Pushes Bitcoin Down to $36,000
Tesla CEO Elon Musk has taken to Twitter to exercise his effect on the crypto market once again
The billionaire tweeted a meme that caused Bitcoin to drop below $37,000 on Thursday night
This has caused BTC to lose 50% of its gains recorded in recent days, as other cryptos dropped also
Tesla CEO Elon Musk has once again exercised his influence on the crypto space.
The billionaire tweeted a meme that caused the value of Bitcoin to drop as low as $36,491.
Elon Musk tweeted a meme and included a heartbreak smiley with the Bitcoin hashtag.
Just a few hours after the heartbreak tweet, BTC was trading at $37,790, before further dropping to $36,400.
The last dip means that BTC has lost almost 50% of its recorded gains since the last major dip to $30,000.
Other major cryptocurrencies like Ethereum, Binance coin and Cardano also experienced major drops.
Crypto enthusiasts are becoming more worried about the influence of the Tesla boss on Digital currencies.
Binance CEO, Changpeng Zhao is one of those to have called the billionaire’s tweets unfunny and irresponsible.