bitcoin drops after musk tweets of breakup

in LeoFinance4 years ago

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elon musk tweeted on Friday a broken heart with bitcoin and the picture he us in tweet was a couple in the midst of breakup here is the picture of his tweet
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after this tweet bitcoin fall The community sees this as a sign of the alienation of billionaires from Bitcoin, which has caused price losses. Bitcoin fell nearly 7% to a low of below $36,500 and reversed Thursday's profit to $39,200. Other cryptocurrencies, including Ether, Cardano, Polkadot, and Dogcoin, have relatively high losses. The pullback added to optimism about the symmetrical triangle breakout confirmed on Thursday. The scope collapsed. Bitcoin has now fallen by more than 40% from its historical high of $64,801 set on April 14. After Tesla adopted Bitcoin as a payment method on environmental issues, the cryptocurrency fell 35% last month.The move destroyed the hope of widespread company distribution. Musk's recent tweets may further exacerbate these concerns. Data provided by Skew shows that the options market tilts in the opposite direction, with long trades accounting for 29% of the traffic observed today, and short trades accounting for 30%. Usually, investors buy options. Buy and sell call options when the market is expected to fall.

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I really wish that guy would keep his mouth shut.

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before wishing this,we should think why he influence to much on bitcoin why we follow his jokes tweets and loses our investments

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