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Elon Musk tweets again and the price drops



Yesterday, Elon Musk posted a new tweet about Bitcoin and the price of BTC fell.

The new tweet about Bitcoin contains a broken heart and a quote from a famous Linkin Park song about the end of a relationship.

Some have interpreted this tweet as an announcement that Musk, or Tesla, were selling the bitcoins they had previously bought, especially since Musk himself has also posted some tweets supporting Dogecoin.

In particular, to the news of the DOGE listing on Coinbase, he responded positively.

What Justin Sun from Tron, some offered to buy all the bitcoins that Elon Musk would like to sell.

Bitcoin price after Elon Musk's tweet

Yesterday, the price of BTC was briefly above $ 39,000, but after Musk's tweet it dropped to around $ 37,500. Four hours later, it fell even below $ 37,000 and then momentarily stabilized.

However, this was not a real accident, similar to what happened a few weeks ago after Musk posted similar tweets. In fact, the current price is the same as two days ago, so this time the impact of the new tweets from the CEO of Tesla has not been resounding.

On the contrary, the current price is still higher than three days ago, so this time the market has held up well in the face of this kind of announcement of Musk's divorce from Bitcoin.

On the other hand, many bitcoiners today don't like Musk's interference, so his eventual exit from this market wouldn't be everyone's problem.

What's more, it should be noted how the price of Dogecoin has not risen at all. On the contrary, in the last 24 hours it has lost more than bitcoin: -12.4%, compared to -5.7% for BTC.

Add to that the fact that Tesla's stock price is currently 35% lower than the highs at the end of June, it certainly looks like Elon Musk has lost the "magic touch" that in recent months raised the price of what he promoted on Twitter. If that's the case, could probably be good for everyoneexcept, of course, for himself.


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