The cryptocurrency markets gained over $40 billion in hours following the tweets of CZ and Elon Musk.
The past 24 hours have been quite dynamic in terms of pricing on the cryptocurrency market. Bitcoin dropped below $16K, only to soar back toward $17K later, followed by the rest of the cryptocurrencies.Bitcoin Testing $17K
Bitcoin’s price went through a bit of a rollercoaster over the past 24 hours. The situation was looking rather grim until a few hours ago, as the cryptocurrency was headed south and traded below $16K. On Binance, BTC reached an intraday low at around $15,800, but that was before CZ and Elon Musk tweeted earlier this morning. Binance’s CEO revealed that his company will spearhead an “industry recovery fund” intended to help projects that are strong but currently experiencing liquidity crisis. He didn’t specify what qualifies as “strong” but said that more information will be revealed soon.that Bitcoin will make it in a response to a tweet asking where BTC will be in one year from now.
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