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Bitcoin prices rose 7% on Thursday after Elon Musk posted Fuzzy tweet With reference to Dojecoin and with the image of the crypto-themed ring.
The digital asset will trade around $ 48,000 at 9 4,000 at 9:40 a.m., after hovering around, 43,800 the previous day.
In his tweet, Musk said: “In the context of the Long of the Rings trilogy, probably Frodo was a mistake, everyone thought he would fail, most likely himself.” -To-date is 1300% higher.
નAlonMusk / Twitter
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Its prices were boosted by positive announcements from other large corporations. MasterCard said it would open its network for some cryptocurrencies later this year and announced to Bank of New York Melo that it would begin trading Bitcoin for its customers.
Earlier this week, after Tesla announced a 1.5 billion bitcoin investment, the token received its biggest support. Which pushed the price of Bitcoin to its developed high of 48,000.
“These are just the beginning innings of corporate adoption, as the digital currency has begun to play a bigger role in strong balance sheet management,” said Nathan Cox, chief investment officer at investment firm Firm to Prime.
One analyst said Tesla’s decision was a major victory for the crypto crowd and that acceptance in the financial community is what has long been sought – and the move ticks both boxes.
“One thing that seems to be more powerful than Elon Musk’s Twitter account is the economic power of the company he founded and leads,” said Craig Erlem, a senior market analyst at Oenda. “I’m a little surprised if I’m honest it wasn’t enough to push $ 50,000, but it’s a matter of time. I’m not very hungry to sell at the moment.”
read more: UBS says that unlike gold, Bitcoin is a bubble to diversify its portfolio and is very volatile – here’s why the bank says it could be ‘useless’.
