Is Musk finally losing his grip on manipulating the crypto market? By BTC Peers – Investing.com
- Date: 02-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Is Musk finally losing his grip on manipulating the crypto market? By BTC Peers – Investing.com
It’s no longer a secret that Musk is a king when it comes to manipulating the crypto market. Tweets from the Tesla (NASDAQ:) boss have sent the prices of cryptos surging on multiple occasions. For instance, the price of crashed in mid-May when he announced that his electric vehicle manufacturing company Tesla was no longer going to accept BTC payments, citing environmental concerns.
Musk’s latest attempt to pump Dogecoin didn’t go as planned. Although the price of the meme coin surged briefly following a Twitter endorsement from the billionaire on Thursday morning, it didn’t perform as expected. As of press time, Dogecoin was trading at $0.24, with a 24-hour gain of 1.07% and a weekly loss of 6.87%.
At around 8: 43 am on Thursday, Musk tweeted a Godfather meme showing Marlon Brando's iconic character, Don Vito Corleone, with a text that read, "YOU COME TO ME AT RUNTIME TO TELL ME THE CODE YOU ARE RUNNING DOES NOT COMPILE." He captioned the tweet “Release the Doge.”
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