{"id":127769,"date":"2021-06-05T22:09:02","date_gmt":"2021-06-05T22:09:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127769"},"modified":"2021-06-05T22:09:02","modified_gmt":"2021-06-05T22:09:02","slug":"the-bitcoin-market-is-beginning-to-dissolve-elon-musks-grip","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/the-bitcoin-market-is-beginning-to-dissolve-elon-musks-grip\/","title":{"rendered":"The Bitcoin Market Is Beginning To Dissolve Elon Musk's Grip"},"content":{"rendered":"

Tesla CEO Elon Musk is becoming a nuisance to Bitcoiners and this isn’t going well for the billionaire. On Thursday, he tweeted a picture hinting at his possible split from Bitcoin, which caused a slight price dump but a huge uproar in the crypto community.<\/p>\n

However, Bitcoin hasn’t been severely battered as was expected, in fact, the digital asset has been on a resurgence trend since hitting $35k. Some are optimistic that BTC can now withstand some volatility from an instrumental tweet.<\/p>\n

As of this writing, the BTC bulls are still fixated on attaining the $40,000 mark, two hours since hitting the $35k bottom. Some analysts said although there was panic selling, charts showed BTC jumped back to normalcy less than 4 hours after the tweet.<\/p>\n

<\/p>\n

Irresponsible Tweets<\/strong><\/h2>\n

Musk tweeted a broken heart emoji with a Bitcoin hashtag, and a reference to Linkin Park\u2019s popular song \u201cIn The End<\/em>,\u201d which tells it all about what he has been up to regarding Bitcoin. It adds to his decision three weeks ago to stop allowing purchases of Tesla electric vehicles with Bitcoin.<\/p>\n

Bloomberg said that Musk\u2019s tweet at 9 p.m. yesterday caused a 5.4 percent drop in BTC price as early as 7.05 AM in London time.<\/p>\n

This and other series of tweets from him, and a previous decision about buying Tesla cars with BTC, have not gone well with the crypto community, most of who now regard him as a traitor.<\/p>\n

Binance\u2019s CZ struck back in response to Musk\u2019s tweet saying \u201ctweets that hurt other people\u2019s finance are not funny, and are irresponsible.\u201d<\/em><\/p>\n

Tron’s Justin Sun responded, saying he would buy “all the Bitcoin that Elon Musk sells.” <\/em><\/p>\n

Many other prominent bitcoiners reacted, calling Musk irresponsible, that the comments showed he was \u201claughing at people\u201d for losing money from the drops in BTC price following his comments. Others wondered if it could be a trick to get prices down for ‘hidden whales’ to accumulate.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla CEO Elon Musk is becoming a<\/p>\n","protected":false},"author":3,"featured_media":127768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"\nThe Bitcoin Market Is Beginning To Dissolve Elon Musk's Grip - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/bitcoin\/the-bitcoin-market-is-beginning-to-dissolve-elon-musks-grip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bitcoin Market Is Beginning To Dissolve Elon Musk's Grip - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Tesla CEO Elon Musk is becoming a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/bitcoin\/the-bitcoin-market-is-beginning-to-dissolve-elon-musks-grip\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-05T22:09:02+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/The-Bitcoin-Market-Is-Beginning-To-Dissolve-Elon-Musks-Grip-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/bitcoin\/the-bitcoin-market-is-beginning-to-dissolve-elon-musks-grip\/\",\"url\":\"https:\/\/precoinnews.com\/bitcoin\/the-bitcoin-market-is-beginning-to-dissolve-elon-musks-grip\/\",\"name\":\"The Bitcoin Market Is Beginning To Dissolve Elon Musk's Grip - 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