Download Bitcoin Price After Elon Musk Background. Elon musk is backing bitcoin, the price of which surged recently as he added the hashtag '#bitcoin' to his twitter page. At one point, bitcoin had dipped below the $50,000 level, falling as low as $47,700.
The secret of the relationship between bitcoin and tesla. As a result, the price for the asset skyrocketed by more than $5000 in a few minutes. Bitcoin slid monday, pausing its stunning rally after elon musk said prices seem high. the world's most valuable cryptocurrency sank over 10% to a price of $51,993 monday morning, according to data from coin metrics.
During the recent bull run, musk had shown some curiosity after which.
For instance, in january, he indicated that he would never turn down the chance of being paid in bitcoin.later on, in february, tesla inc purchased btc. Musk said he was late to the party in backing bitcoin. This is a downtrend since the peak high at $42,000 that most likely will continue unless bitcoin's price can break through $34,500. The price of bitcoin has shown weakness after failing to clear $38,000.