How Elon Musk’s Cryptic Tweets Crashed Bitcoin Again

Tesla boss Elon Musk was at it again this time firing off a few cryptic tweets that appeared to lament a breakup with Bitcoin.

The leading cryptocurrency slipped 4% on Friday after the tweets.

Tesla’s big position in bitcoin and Musk’s large personal following often set crypto markets on edge whenever he tweets.

 

And the price fell after he posted “#Bitcoin”, a broken-heart emoji and a picture of a couple discussing a breakup.

Musk followed that up by posting a breakup comic strip and replying “nice” to an illustration of rival crypto dogecoin posted by crypto exchange Coinbase.

It was unclear what, if anything, any of the tweets meant.

 

 

Musk has previously said Tesla would not sell its bitcoin, but his tweets were enough to unsettle markets still fragile following May’s crash.

 

thepublisherngr

Recent Posts

“We’re Done With Atiku” – Presidency Declares, Announces Direction

The Nigerian presidency has dismissed former Vice President Atiku Abubakar’s recent criticisms of President Bola…

4 hours ago

I rejected Deji Adeyanju…. He decided to turn to a civil society activist because he had no job– Wike

In a heated response, the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has…

9 hours ago

Breaking: Tinubu Makes Fresh Appointments

President Bola Tinubu, on Thursday, approved the appointment of three Nigerians as directors-general of various agencies…

9 hours ago

BREAKING: Edo PDP Rages As Okpebholo Sacks ‘Civil Servants’

The Edo State chapter of the Peoples Democratic Party (PDP) has expressed deep disappointment and anger over…

18 hours ago

Guard Of Honour Held For Late COAS Lagbaja As Body Arrives In Abuja

The body of the late Chief of Army Staff, Lieutenant General Taoreed Lagbaja, has arrived…

18 hours ago

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal…

18 hours ago