Bitcoin Fell to $45000 and Dogecoin Rose 5% on Elon Musk Twitter Messages

Written by C, Fiona

Last updated: 2022-04-06

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Although bitcoin and most altcoins are relatively calm on a daily scale, Dogecoin rose 5% after Elon Musk bought a stake in twitter.

After failing to conquer $47000, bitcoin fell thousands of dollars to about $45000. Most altcoins are quite calm today, and Dogecoin is the most impressive beneficiary. 5% growth pushed Doge to more than $0.15.

Doge Soared 5% After Musk’s Twitter News

After experiencing increased volatility last week, most alternative currencies have calmed down in the past few days. For example, Ethereum once fell to $3300, and then the Bulls shot again, pushing it to a three-month high of more than $3500. Since then, ETH has remained near this level and is now above it after a small daily rise.

Binance coin traded above $450 for the first time in months, and BNB has also increased by 2% since yesterday. Terra, Polkadot and Shiba Inu are also slightly green.
In contrast, Solana, ripple, Cardano and avalanche all experienced small daily declines.

Dogecoin is the largest increase in large market value tokens, up 5%. Earlier, it was reported that Elon Musk acquired a 9.2% passive stake in twitter, which was a bit surprising and contributed to the price rise of Doge yesterday.

Bitcoin Fell to $45000

On April 1, the main cryptocurrency was between $47000 and $48000. After a few days of consolidation, it overturned to just over $44000. However, in the past few weeks, the recent bullish sentiment in the cryptocurrency market does not allow any further decline.

On the contrary, BTC recovered almost all its losses quite quickly and soared to more than $47000. As reported yesterday, the asset jumped to the north of that level again, but failed to maintain there.

As a result, the bear market pushed it to the south, and bitcoin found itself falling to $45000 for the second time since the beginning of this month. So far, BTC has rebounded, above $46500. However, its market value is still below the enviable $900 billion mark.