{"id":43745,"date":"2021-06-04T10:56:09","date_gmt":"2021-06-04T07:56:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43745"},"modified":"2025-08-31T13:44:12","modified_gmt":"2025-08-31T10:44:12","slug":"elon-musk-tweets-about-bitcoin-again-market-falls","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-tweets-about-bitcoin-again-market-falls\/","title":{"rendered":"Elon Musk tweets about Bitcoin again; market falls"},"content":{"rendered":"<p>On Friday, June 4, the price of bitcoin fell by more than 5% after yet another tweet by Elon Musk mentioning digital gold.<\/p>\n<p>The founder of Tesla posted a meme featuring a quote from Linkin Park&#8217;s song &#8216;In the End&#8217;. To the post he added the tag #Bitcoin and a broken-heart emoji.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"und\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> \ud83d\udc94 <a href=\\\"https:\/\/t.co\/lNnEfMdtJf\\\">pic.twitter.com\/lNnEfMdtJf<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1400620080090730501?ref_src=twsrc%5Etfw\\\">June 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Later, the entrepreneur supplemented the post with another meme that mocks investors who lost money on the price decline.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p lang=\\\"und\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/t.co\/MLhu6oOwgc\\\">pic.twitter.com\/MLhu6oOwgc<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1400645833150840835?ref_src=twsrc%5Etfw\\\">June 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>After Musk&#8217;s tweets, the price of the leading cryptocurrency fell below $37,000. At the time of writing, digital gold is trading at around $36,935.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/Kfu4iddJO2ul8O7JbOfPDHtwwJjsYTAKw0HfGsH5rsc3bXZG1XGB7MFdnqmvl7S9cCCFfRw4Mnt8FByTr8pOClQJlHPvQm6M_7oJWxqbnTKsgQkbRD4x1hhRNRMYKGh0XvMHRuk7\\\" alt=\\\"Elon Musk tweets about Bitcoin again; market falls\\\"\/><figcaption>BTC\/USDT chart on Binance. Data: <a href=\\\"https:\/\/ru.tradingview.com\/chart\/00O1pBoT\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\\\"https:\/\/www.coingecko.com\/ru\\\">CoinGecko<\/a>, all assets in the top-10 by market capitalization were in the red.<\/p>\n<p>One of the co-founders of Dogecoin (DOGE), Billy Markus, commented on Musk&#8217;s tweet with words from the same song. In response, the head of Tesla replied with another meme, after which the cryptocurrency&#8217;s price also began to fall.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"und\\\" dir=\\\"ltr\\\"> <a href=\\\"https:\/\/t.co\/p0DkFkWHfV\\\">pic.twitter.com\/p0DkFkWHfV<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1400663054367571968?ref_src=twsrc%5Etfw\\\">June 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Over the last 24 hours, Dogecoin&#8217;s price has fallen by almost 8%. At the time of writing, the cryptocurrency trades at around $0.37.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh6.googleusercontent.com\/HLYLWN3Fd1KMxrX2c2sFUmkQbZnPEuzUr_amlGobwMA7e2VHPnI2GIPL3e6v_Azy4D27whFYUauiC7GueXdU8T2g9KVf3tDjpzUj_geFHbn-PH4Y4WB_-GOfP-v112WFkWR8XA0B\\\" alt=\\\"Elon Musk tweets about Bitcoin again; market falls\\\"\/><figcaption>BTC\/USDT chart on Binance. Data: <a href=\\\"https:\/\/ru.tradingview.com\/chart\/00O1pBoT\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Positive reaction to Musk&#8217;s activity on Twitter came from CumRocket Crypto (CUMMIES), a project token in the adult content industry. After the Tesla founder posted a message containing the words \u201cCanada, USA, Mexico\u201d [Canada, USA, Mexico], the coin surged more than 85%.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Great thread \ud83e\udd23<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1400669324457693186?ref_src=twsrc%5Etfw\\\">June 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In the wake of Musk&#8217;s messages, Binance founder Changpeng Zhao urged users not to be swayed by manipulation, adding the hashtag #HODL. He also stressed that this is \\&#8221;Not financial advice\\&#8221;, but did not specify why he posted the tweet.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Don\u2019t be manipulated. <a href=\\\"https:\/\/twitter.com\/hashtag\/HODL?src=hash&#038;ref_src=twsrc%5Etfw\\\">#HODL<\/a> <\/p>\n<p>Not financial advice.<\/p>\n<p>\u2014 CZ \\uD83D\\uDD0A Binance (@cz_binance) <a href=\\\"https:\/\/twitter.com\/cz_binance\/status\/1400706372765839361?ref_src=twsrc%5Etfw\\\">June 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The market for digital assets is highly sensitive to the entrepreneur&#8217;s statements \u2014 in the press, the term \\&#8221;Elon Musk Effect\\&#8221; has even appeared, denoting a rise in an asset after being mentioned by the head of Tesla.<\/p>\n<p>In May, Musk&#8217;s tweet <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-climbs-after-elon-musk-tweet\">triggered<\/a> a 20% rise in the price of DOGE<\/a>. Earlier in the same month, Musk said that Tesla halted sales of electric vehicles for Bitcoin. Against this backdrop <a href=\"https:\/\/u1f987.com\/en\/news\/tesla-halts-bitcoin-car-sales-and-roils-the-market\">the price of digital gold collapsed to $45,700<\/a>.<\/p>\n<p>As a reminder, Musk&#8217;s tweets about Tesla must be approved by a lawyer. Media reports indicate that the U.S. Securities and Exchange Commission believes that the entrepreneur has already <a href=\"https:\/\/u1f987.com\/en\/news\/media-elon-musk-breached-court-imposed-tweet-restrictions\">twice violated this requirement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, June 4, the price of bitcoin fell by more than 5% after yet another tweet by Elon Musk mentioning digital gold.<\/p>\n","protected":false},"author":1,"featured_media":43746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,99,1217],"class_list":["post-43745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-dogecoin","tag-elon-musk"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43745"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43745\/revisions"}],"predecessor-version":[{"id":43747,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43745\/revisions\/43747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43746"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}