Last month was a significant time for crypto-owners all over the world, and not necessarily in a pleasant way. The value of the world’s top cryptocurrency, Bitcoin, fell by almost 40% from about $61,000 to $31,000 in a matter of days. Two other popular cryptocurrencies, Ethereum and Dogecoin, also fell by 40% to 45%.

This downward trajectory is the antithesis of a dramatic rise in crypto prices when Bitcoin’s value rose by ten times between April last year and April this year. To a large extent, this dramatic rise was sparked by Tesla’s announcement in February of last year that it had purchased $1.5 billion in Bitcoin and planned to accept it as legal payment.

This added legitimacy to the cryptocurrency trade, and.. More..https://alabiansolutions.com/blog/elon-musks-tweets-and-bitcoin-price-crash/