The Price of Bitcoin Jumped after Elon Musk's Post on Twitter
OREANDA-NEWS. The cost of bitcoin began to rise sharply and exceeded $37 thousand after the founder of the space company SpaceX and the head of Tesla, Elon Musk, mentioned the cryptocurrency on his Twitter page. According to the portal CoinMarketCap, which calculates the average price of more than 20 exchanges, bitcoin rose by 17.2% and reached the mark of $36 315. On the largest cryptocurrency exchange in terms of trading volume, Binance, the price of bitcoin rose by 19.23%, to $37 155.
The price jumped sharply after Musk added the hashtag «bitcoin» in his signature on the social network and wrote in a separate post «In retrospect, it was inevitable». Before the publication, the cryptocurrency was trading just above $32 thousand. Thus, the growth about an hour before the mention of Musk was about 16%.
This is not the first time in recent days that Musk has affected stock prices. In particular, securities of GameStop rose by 50% after Elon Musk tweeted the word «gamestonk», thus beating the flash mob, that Internet users staged around the stocks of this company.
Previously, Musk praised the game «Cyberpunk 2077». The billionaire published a post on Twitter and then the stokes of the game's developer soared by 19%. The growth of the game developer's securities was the strongest since June 2015, writes Bloomberg. Earlier, the billionaire said, that there is an opportunity to play «Cyberpunk 2077» in a new model of electric cars — Tesla Model S Plaid, which will go on sale next month.