Crypto Stonk: Bitcoin Crash Halted After Elon Musk Says Tesla Has ‘Diamond Hands’ - www.MalkamDior.com
Bitcoin has rebounded from one of the most severe price crashes in its history on Wednesday, helping to steady the wider crypto market. Ethereum (ether), Cardano (ada) and dogecoin have all remained relatively calm overnight, after Elon Musk tweeted that Tesla would not be selling its substantial cryptocurrency holdings. One thing Elon Musk needs to understand is that soon people will rather put their money in Crypto than in stocks when we must have evolved to better levels from here. Bitcoin is only falling to let more paper hands out and have diamonds hands in - MalkamDior.
The initial crash on Wednesday was prompted by an announcement from regulators in China that cryptocurrency payments would be banned, though individuals in the country will still be permitted to own cryptocurrencies.The news saw bitcoin fall below $31,000 – less than half the all-time high price that it reached in mid April – before recovering to around $40,000 on Thursday.
Cryptocurrency experts and market analysts appear divided over whether this crash is similar in magnitude to the one seen in 2017/18, or simply a price correction on the way to new record highs in 2021. We’ll have all the latest updates, as well as a Q&A session where you have the chance to ask our experts anything.Elon Musk Says Tesla Has Diamond Hands Amid Bitcoin and Crypto Market Meltdown.
$15M in transactions and over $750,000 added to the locked liquidity pool within our first 4 hours on the market.
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