Curious why Bitcoin is up something like 20% today? You can thank our good buddy Elon Musk.
He put the word bitcoin followed by the bitcoin emoji on his twitter account today and then left this tweet:
(Source:
)https://twitter.com/GibsoonCorp/status/1355173793585573893/photo/1
- GibsoonCorp
While cryptic, the message seems to be pretty clear.
He seems to be saying bitcoin and blockchain are the future, that was inevitable.
As of right now it's having trouble holding the gains, with it briefly getting up over $38k, it's trading under $36k right now.
Not the kind of price action I wanted to see on a full fledged breakout, but it did break through some major resistance never the less.
Looking for a retest of the old highs in the coming weeks.
DOGE for some comparison, was up over 1000% at one point today before giving back a chunk of those gains well.
The stock market selling off isn't helping things with stonks down 2%+ across the board.
