Bitcoin broke $ 60,000 amid a massive bull run fueled in part by Tesla
TSLA
Bitcoin price broke the psychological barrier early Saturday morning and returned to its blistering bull market in early 2021 after a pause in recent weeks.
Ahead of bitcoin’s rise above $ 60,000, Tesla CEO Elon Musk – who is known to be shifting bitcoin price with his tweets – called on popular bitcoin and cryptocurrency exchange Coinbase to launch the meme-based dogecoin. to support.
Tesla CEO Elon Musk has long been an outspoken supporter of bitcoin and [+]
dpa / picture alliance via Getty Images
“Do you think Coinbase should enable dogecoin on their platform,” said a Twitter user asked in response to Musk tweet, “BTC (bitcoin) is an anagram of TBC (The Boring Company). What a coincidence!”
“Yes!” – was Musk’s answer. Dogecoin has since added nearly 10%, although Musk’s ability to move dogecoin price appears to have declined recently.
San Francisco-based Coinbase, which will go public in a $ 100 billion blockbuster, currently supports 49 different cryptocurrencies to varying degrees, but has so far declined to list the Shiba Inu-inspired dogecoin.
Interest in dogecoin has exploded as bitcoin, by far the largest cryptocurrency with a total value of about $ 1.1 trillion after the latest surge, has soared thanks to a combination of Wall Street institutional adoption, business interest and retailers relying on the pile up market.
The dogecoin price has added nearly 10% since Tesla CEO Elon Musk turned to bitcoin and [+]
Coinbase
Elon Musk’s Tesla set the bitcoin and cryptocurrency market ablaze when it revealed it bought $ 1.5 billion worth of bitcoin last month.
Dogecoin, a 2013 bitcoin clone described by its creator as a ‘joke’, rose to a total value of over $ 10 billion in early February thanks to a meme-based campaign that counted people as billionaire tech investor Mark. Cuban, rock stars and YouTubers among his followers.
Musk, who was voted dogecoin CEO in a 2019 Twitter poll, has previously said that all of his dogecoin-related tweets should not be taken seriously.
“Every now and then I joke about dogecoin, but it’s really meant to be jokes,” Musk said during an invitation-only chat app called Clubhouse last month.