Bitcoin Drops On Musk’s Ambiguous Tweet, DOGE Ignores Coinbase News


Bitcoin price climbed above the USD 38,000 resistance zone. BTC even broke USD 39,000, but it failed to even test USD 40,000. There was a fresh downside correction and the price is currently (04:40 UTC) consolidating near USD 38,000.

Besides, most major altcoins also corrected gains. ETH topped near USD 2,880 and it corrected below the USD 2,800 support level. XRP/USD is struggling to start afresh increase and it might decline to test USD 0.95.

Today, Tesla‘s Elon Musk cryptically tweeted “#Bitcoin” with a broken heart emoji and a meme with a reference to a lyric from the popular song “In the End” by Linkin Park. He later added another meme, showing a trader who is crying because of a price correction. In March, Tesla sold 10% of the BTC holdings it had bought at the start of the year for USD 1.5bn.

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