Bitcoin Rises by 20% After Elon Musk Changes His Twitter Bio to “#bitcoin”

Bitcoin jumped to $37,050, the highest level since Jan. 19 after Tesla and SpaceX CEO Elon Musk changed his Twitter bio to mention the cryptocurrency.
news - Bitcoin Rises by 20% After Elon Musk Changes His Twitter Bio to “#bitcoin”

Bitcoin jumped to $37,050, the highest level since Jan. 19 after Tesla and SpaceX CEO Elon Musk changed his Twitter bio to mention the cryptocurrency.

news - Bitcoin Rises by 20% After Elon Musk Changes His Twitter Bio to “#bitcoin”

Altcoins including ethereum and XRP also jumped, as much as 5 per cent and 8 per cent respectively. 

Around the time of mentioning of the cryptocurrency Musk also tweeted:’In retrospect, it was inevitable.’

Elon Musk has a record of making market-moving comments on the site. GameStop Corp, which has been at the centre of retail trading frenzy, surged 50% on Tuesday after Musk tweeted “Gamestonk!!”.

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