Why Elon Musk Tweets Affect On Crypto?

[{"selector":"#anim-cbb2105a-cf02-47a7-9795-9d5407992b63","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4852165b-fca3-48e7-988b-3d35e564b6fa","keyframes":{"transform":["translate3d(0px, 151.12025%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] BY ANGELA CRUZ

Elon Musk dominated the cryptocurrency industry in 2021.

[{"selector":"#anim-a81e4fe2-6bd2-469d-9d40-52147abae734","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-df6c4e88-af00-4317-9b62-e5d5f1e044d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30c21585-5c40-49c1-883f-ebcfb837e678","keyframes":{"transform":["translate3d(-144.69698%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-31256f89-4472-48b3-848b-2eec73a8dc46 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.787521946343008%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Elon's tweets regarding Dogecoin boosted prices by 50%. The Bitcoin price action was once influenced by the world's richest man.

[{"selector":"#anim-f96dc48b-e414-4818-9fde-b02b58e33abd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fbed3f7d-c1af-4408-9746-1686f787a1ef","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-94ac2b30-014c-49c6-9418-c86758e9dfcf","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f31dc1e7-e361-4909-96a1-9dffe54898d6","keyframes":{"transform":["translate3d(144.69698%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Three of Musk's most influential tweets

tweets about DOGE, propelling the price up 10% in an hour and 50% in a day.

[{"selector":"#anim-309482cb-7794-4479-890c-1cc01355020e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(6.704081651482138%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-76df817c-0065-4680-9b33-7c6754787d0b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f885bcab-ae28-4ab6-9a57-82eac72fb1a2","keyframes":{"transform":["translate3d(-155.81397%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71382fd0-a0f0-4605-8822-e8d6a0175ad8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

“You can now buy a Tesla with bitcoin”

[{"selector":"#anim-9a2cc228-f420-418a-baee-27977eca54b8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(50.125637659044045%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-49682897-610e-4054-b0b3-a1040c6e09b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b343381b-2ea0-411c-9305-c58e4dfdb83a","keyframes":{"transform":["translate3d(154.65112%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9fdfe61-3111-4367-8cf5-03e0a8d3c7f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Musk stated that Tesla will accept DOGE for items on Dec. 14. The price soared 43% in two hours.

[{"selector":"#anim-cf62be2f-6c6e-4ae8-a5d4-355e778e758a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.258487889898777%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-17ba2020-62c1-4988-bf0b-b7271f29d181","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b9fd1d79-0113-43a8-bdf3-a873e5fb9332","keyframes":{"transform":["translate3d(-155.81397%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66689c27-17af-4ce9-9193-0427b08f767f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Tesla ultimately joined the bitcoin discourse, and Tesla influenced the spring price movement.

[{"selector":"#anim-a72dc152-13f2-429d-98aa-22c6d3a4f8d5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.862366765587077%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-54f980f4-e5fd-4242-8605-0f8c36ba0e7a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65f5fe87-3c01-4f1b-a18f-946ebe4927cb","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f611a7a1-2a07-4d7d-aecd-348b0bf8b34f","keyframes":{"transform":["translate3d(-144.69698%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-c87f7eb2-c8ff-4dde-a4ef-fc09f04f7a12 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8e96e592-349c-46c9-bd2e-75fbfdf88c35","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Tesla's BTC purchase, acceptance as payment, selling of BTC holdings, and termination as a payment mechanism damaged the market, aggravating crypto volatility.

Musk stated in 2018 that he would take his electric car venture private and had "money secured."

[{"selector":"#anim-5ab961c7-bb1f-404f-beaf-07be794b89aa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8a6c4939-ebe5-48e5-8d8d-bb08f529b5d1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d64cd936-a83d-443c-87ca-f81488c31747","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a1faf45-1fbb-4062-b8e8-5313676083ca","keyframes":{"transform":["translate3d(-145.45456%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More Stories