Price of BTC grew by $5K after the "advertisement" from Musk

by in Cryptocurrency News

Elon Musk

On January 29, the price of BTC jumped more than $ 5,000 an hour after SpaceX founder and Tesla CEO Elon Musk added the hashtag #bitcoin to his Twitter profile.

The price peaked at $ 38,000 after "advertising bitcoin" on the page of the richest person in the world at the moment.

Trending: Finder: Bitcoin could hit $80,000 by 2025

Earlier, one tweet was enough to pump the "favorite cryptocurrency" Mask Dogecoin (DOGE), which has grown by 260% over the past 24 hours. Musk previously referred to himself as "the former CEO of Dogecoin."

Musk this month endorsed the stance of "using bitcoin as a defense against the inflationary madness of the reserve banks."