“Moon very soon”: cryptic Elon Musk makes Bitcoin wait as the price suddenly exceeds $ 60,000 and Ethereum reaches a high level

Suddenly, Bitcoin has risen and risen above $ 60,000 for bitcoin for the first time since mid-March.

The price of bitcoin hit a high of $ 61,222 on the Luxembourg-based Bitstamp stock exchange before falling slightly, a 5% increase in the last 24 hours. Meanwhile, ethereum, the second largest cryptocurrency after bitcoin, rose to an all-time high above $ 2,100.

The exact cause of the rise in the price of bitcoin in the early hours of Saturday morning was not immediately clear, however, a cryptic tweet from Tesla

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Billionaire and bitcoin buyer Elon Musk has boosted the $ 2 trillion cryptocurrency market higher.

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“… I’ll go to the moon very soon,” Musk said via Twitter, shortly after the price of bitcoin jumped, perhaps referring to the popular meme “bitcoin on the moon” and provoking speculation, Musk’s SpaceX rocket company could continue Tesla by adding bitcoin to its balance sheet.

“SpaceX buys bitcoins?” he asked Danny Scott, executive director of the Isle of Man-based CoinCorner bitcoin and cryptocurrency exchange, in response to Musk’s tweet.

Late last year, Elon Musk established the bitcoin and cryptocurrency market when he tweeted about the possibility of making big bitcoin purchases. In the following weeks, Tesla added bitcoin worth $ 1.5 billion.

Meanwhile, Musk has continued to talk about his “fav” cryptocurrency on Twitter, the rival bitcoin dogecoin “joke”. On April 1, Musk said his private rocket company SpaceX will put a “dogecoin on the literal moon,” sending the price of digital currency based on memes 35%.

The price of bitcoin has doubled so far in 2021, from just under $ 30,000 per bitcoin. The broad rally of cryptocurrencies has seen the entire cryptocurrency market double to a combined value of more than $ 2 trillion, with an increase in ethereum of 1,200% over the past 12 months.

Ethereum has skyrocketed after starting a long-awaited upgrade and has been driven by the growth of decentralized finance (DeFi), which uses cryptocurrency technology to reinvent traditional financing, largely in the ethereum blockchain.

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The massive concentration of Bitcoin, initiated by PayPal news

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would begin to support bitcoin and a handful of other cryptocurrencies in October, has picked up pace as the expected institutional adoption of bitcoin and cryptocurrencies began to materialize.

Bitcoin has also seen its reputation as “digital gold” grow over the past year thanks to reputable investors, including Paul Tudor Jones, who called it an hedge against inflation.

Until recently, established brokers, advisors and banks canceled cryptocurrencies as ‘too volatile’, as they did with today’s domestic technology brands 20 years ago, without recognizing it as a legitimate asset class in advising. to investors, ”Stephen Kelso, head of capital markets at ITI Capital, said in emailed comments.

“We are now seeing a dramatic shift in the approach of asset and wealth managers, who are increasingly advising their clients that bitcoin is a preferred investment over gold.”