Elon Musk’s Tweet Pushes BTC’s Price Through the Roof of Resistance

KEY TAKEAWAYS

  • Elon Musk confirms that Tesla has sold 10% of its holdings in Q1
  • Technoking’s tweets pushed BTC’s price through the roof of resistance
  • Rise of green mining and mining rigs in the West will pose significant positivity for the cryptocurrency market in the long run

Tweet-for-Tat

You know the saying, “Words have the power to hurt or to heal” — a saying never truer than when describing Musk’s effect on markets. By the power of his tweets, Technoking has sent the cryptocurrency market plunging by up to 27% in the month of May alone.

Green Mining — A Dystopia or a Utopia?

Aside from making a point, will Tesla keep its promises of resuming Bitcoin transactions when miners attain the milestone of reasonable clean energy usage? The conditional offer over a tweet just seems too good to be true.

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