Bitcoin has raised $ 60,000 amid a huge bullfight partially fueled by Tesla
TSLA
The price of bitcoin broke the psychological barrier in the early hours of Saturday morning, and returned to its bustling bullish market in early 2021 after breathing down the last few weeks.
Ahead of the $ 60,000 bitcoin rise, Tesla CEO Elon Musk, who is known to have moved the price of bitcoin with his tweets, asked the popular bitcoin and cryptocurrency exchange Coinbase to support the dogecoin based on memes.
Elon Musk, the CEO of Tesla, has long been a vocal supporter of Bitcoin and … [+]
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“Do you think Coinbase should enable dogecoin on its platform,” a Twitter user said he asked in response to Musk’s tweets: “BTC (bitcoin) is an anagram of TBC (The Boring Company). What a coincidence!”
“Yes!” – was Musk’s answer. Dogecoin has added nearly 10% since then, although Musk’s ability to move the price of dogecoin appears to have declined recently.
The San Francisco-based Coinbase, which will go public on a $ 100 billion list, currently supports 49 different cryptocurrencies to varying degrees, but so far has refused to include the Shiba Inu-inspired dogecoin.
Interest in dogecoin has exploded as bitcoin, by far the largest cryptocurrency with a total value of about $ 1.1 trillion since its last rise, has risen thanks to a combination of institutional adoption of Wall Street, corporate interest and retailers that are accumulating in the market.
The price of dogecoin has risen almost 10% since Tesla CEO Elon Musk asked Bitcoin and … [+]
Coinbase
Elon Musk’s Tesla established the bitcoin and cryptocurrency market when it revealed that last month it bought bitcoin worth $ 1.5 billion.
Dogecoin, a 2013 bitcoin clone that its creator described as a “joke,” shot up in early February and amounted to a total value of more than $ 10 billion thanks to a meme-based campaign that went have multimillion-dollar technical investments Mark Cubana, rockstars and YouTubers among his followers.
However, Musk, who was elected CEO of dogecoin in a 2019 Twitter poll, has previously said that all of his dogecoin-related tweets should not be taken seriously.
“I occasionally make jokes about dogecoin, but they’re really meant to be jokes,” Musk said last month during an interview on the Clubhouse chat app for invitations only.