BITCOIN BREAKS OUT AND DOGE RECOVERS
Bitcoin has continued to build on the momentum generated by Tesla CEO Elon Musk, who last week tacitly endorsed the cryptocurrency by adding the leading cryptocurrency to his Twitter profile. Currently priced above $38,000, bitcoin is now trading at levels not seen since the middle of January. Part of this continued surge is likely due to Musk offering his first detailed comments on the asset. In a recent Clubhouse chat he said, “I am a supporter of bitcoin. I am late to the party but a supporter. I think bitcoin is on the verge of getting broad acceptance by conventional finance people.”
Also of note, dogecoin has regained momentum after a brief tumble earlier in the week. Specifically, it surged again Thursday as Elon Musk ended his break from Twitter with a slew of posts about it. Currently priced at $0.045, it is up 704% for the year.
ANOTHER ATH FOR ETH, DEFI ASSETS SOAR