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Bitcoin Surges after Elon Musk’s Twitter Message

M. Ali 29 January, 2021 10:24 pm Cryptocurrency, Market Update

Bitcoin surged on Friday, after Billionaire and business tycoon Elon Musk added a hashtag with the name of the world’s largest cryptocurrency to his Twitter bio.

The digital currency is currently up by around 9% at $35,377, but earlier today, it rose by as much as 20% after the move by Musk, as it was trading above $37,650.

Bitcoin is recovering from recent losses and it is now up by a little over 9% over the past seven days.

Earlier this year, Bitcoin hit a new all-time high near $42,000.

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