After Elon Musk wrote “#bitcoin” in the statement on Twitter, Bitcoin, the world’s largest crypto currency, rose by 14 percent. With this rise, Bitcoin rose above $ 36,000.
Billionaire entrepreneur Musk, who has 43.8 million followers on Twitter, made statements that mobilized the markets in the past. Shares of GameStop, attacked by small investors, were announced by Musk’s “Gamestonk !!” (Attack on GameStop), it was up 50 percent after the announcement. Musk also added a link to the Wallstreetbets page on the Reddit platform, where investors come together. In this platform, investors refer to him as “Father Musk”.
Bitcoin gained 300 percent last year when it started to be preferred by bigger investors. Last month, Bitcoin hit an all-time high of $ 42,000.
Reddit effect: Dogecoin rose 800 percent
THE VOLUME OF THE CRYPTO MONEY MARKET RETURNED TO OVER 1 TRILLION DOLLAR
With the wind created by the Gamestop wave, the volume of the crypto money market has increased again to over $ 1 trillion. Bitcoin’s last 7-day rise has surpassed 16 percent and has recovered its weekly losses. Ethereum rose 7 percent to $ 1,409. The last 7-day rise exceeded 18 percent.