Bitcoin gains over $6,000 aided by Elon Musk’s Twitter bio update

Bitcoin is defying all odds as it gained over $6,000 within a few hours, thanks to Elon Musk.

When the world’s richest man updated his Twitter bio — simply adding the word ‘Bitcoin’ — it was followed by an impressive gain sighted in the flagship crypto asset, Bitcoin, jumping by 20% in value.

In retrospect, it was inevitable

— Elon Musk (@elonmusk) January 29, 2021

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At the time of drafting this report, Bitcoin traded at $38,088.72 with a daily trading volume of $115 billion. Bitcoin is up 20.86% for the day.

More details shortly…

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