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
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…