Bitcoin touches $38K leading the total Market Cap back at $1 Trillion thanks to Elon Musk’s support
It took less than 30 minutes for BTC to skyrocket above $38K since the moment that Elon Musk changed his Twitter bio showing some support to Bitcoin
Last few days Bitcoin was struggling to remain above $30,000 price tag having many Ups and Downs between $30K and $32K.
The world’s richest man changes radically Bitcoin’s directions
Everybody was convinced that the world’s largest cryptocurrency might meet $20,000 before it starts a new Bullish race on the road to $50K. However things immediately changed when the CEO of Tesla, Elon Musk added at his Twitter Bio just the word “Bitcoin”.
The question remains unclear if Elon Musk is the only reason that Bitcoin has increased by $5,000.
Bitcoin moved from $32,000 to $38,000 price tag leading the total Market Capitalization back at $1 Trillion. However, the world’s largest cryptocurrency could not manage to remain above $38K and plunged at $36,500 where it currently trades.
Altcoins push Market Cap back at $1 Trillion
Alternative coins would miss the party and followed their King to the north marking some important gains leading the total Market Cap at $1 Trillion.
To be more specific, Ethereum was safely trading around $1,300 before it jumps at $1,400. Nevertheless, the happiness didn’t last for so long as the world’s second largest cryptocurrency dropped at $1,360 where it currently trades.
Ripple and Litecoin also marked some impressive gains with the first one jumping at $0.28 and the second one topping at $142.
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