After Musk tweeted his apparent hint at Bitcoin, the cryptocurrency suddenly and immediately rushed upwards—registering a nearly 17% increase in under one hour and taking BTC from $32,200 to just over $38,000 before the excitement faded, according to CoinMarketCap data.
-
-
Markets Report: Bitcoin Adds 20% in Hours as Elon Musk Unleashes Trading Frenzy
The power of memes fuels a Bitcoin rally as anger boils over regarding retail investors’ punishment for short squeezing stocks
Bitcoin has seen one of the more logic-defying weeks of its 12-year existence, and the trend seems far from over—what could be next? In as much a transformative week for sentiment as for the BTC price itself, Bitcoin has gone from plumbing monthly lows to setting its sights on new all-time highs.
-
April Fools’ rally in Bitcoin reminds just how ridiculous crypto markets—and algo trading—can get
Sometimes when comedy becomes a tragedy, it becomes a comedy
It seems everyone has gotten to the bottom of Monday’s rally and—whoddathunkit?—it might have been an April Fool’s Day joke. Sure, there were a few jokes floating around the cryptoverse but one in particular is suspected to have ignited buy orders and short squeezes.
