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Musk tweeted that Bitcoin is $69000 and Ethereum is $4200 But

Date:2024-07-30 19:34:13 Channel:Exchange Read:


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With Bitcoin (BTC) officially hitting a record high of $67,016 last night (20), and two other BTC futures ETFs also announcing that they will be launched in the near future, the bullish market continues to grow.

Earlier today, Elon Musk, who had not released any information about Bitcoin for a while, also posted a meme, bullish that Bitcoin will reach a record high of $69,000 and Ethereum will reach $4,200.

Once this post was published, it received more than 225,000 likes and more than 10.5K replies within just two hours.

Basically, the community responded positively to this post, with many people leaving comments: Welcome back to the world of cryptocurrency, Musk is back, BTCtothemoon...

But at the same time, some community members suspected that Musk's move was to increase the price of the currency and then sell it. Twitter user @udiWertheimer posted a message saying that $69,420 would be a strong resistance, because Musk had previously pointed out that Bitcoin would reach this new target price.

Is his ability to shout orders declining? 

Since the community began to question Musk's suspicion of manipulating the price of the currency, Musk has rarely posted about Bitcoin in recent months; and judging from today's price trend, his influence on the price of the cryptocurrency market seems to be less strong than before.

After the tweet was released at 10:41 Beijing time, the price of BTC was about $64,667, and the lowest price in one hour was $64,432. Before the deadline, the price of BTC was $64,654, which fluctuated by less than 0.2% from before Musk's tweet was released.

Another Ethereum price was about $4,181, and the lowest price in one hour was $4,145. Before the deadline, the price was $4,173, which fluctuated by only about 0.2% from before the tweet was released.

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