A cryptic tweet from Tesla CEO Elon Musk, hinting at a breakout with Bitcoin, caused the world’s largest cryptocurrency to crash early Friday. It also caused almost all major currencies to drop between 5% and 15%.
Musk kept responding “nice” to an illustration of rival currency dogecoin published by crypto exchange Coinbase.
just gonna leave this right here … pic.twitter.com/k1lUf0HnLR— Coinbase (@coinbase) June 3, 2021
Musk has previously said that Tesla would not sell his bitcoin, but his tweets were enough to disrupt markets still fragile after the May crash.
Meanwhile, Bitcoin has declined by 43% – from its all-time high (of $64,804), more than other leading currencies. This compares with a 7.5% drop for Ethereum (ETH), 9% for Binance coin (BNB), and 14% for Dogecoin (DOGE).
After a strong 2020, cryptocurrency prices are expected to rise further in 2021. Regardless of the current price and recent corrections, Bitcoin and Ethereum have been hitting all-time highs lately.
What does the rest of 2021 hold for Bitcoin, Ethereum, and other cryptocurrencies considering the latest fixes?
Crypto prediction firm Finder consulted 35 financial experts to answer this question. Experts were of the opinion that we would have another solid year overall, particularly for Bitcoin, and panelists believe that Bitcoin will end the year at an average price of $ 94,967, according to the most recent edition of the Finder Report.