Leading cryptocurrency Bitcoin (BTC) with the decline your $40,000 hung under it.
This decrease in the BTC price was predictable and also affected other cryptocurrencies. This decline caused Elon Musk’s tweet to be ineffective.
Elon Musk in his post last night Dogecoin (DOGE) Made a post about it. But as might be expected, this didn’t do much.
Musk Couldn’t Rise With DOGE Sharing
The richest person in the world, who has recently taken initiatives to buy Twitter. musk, She shared a photo for Easter.
In the photo shared by Musk, it is seen that there is his dog FLOKI, which he adopted when he was a puppy.
Of course, it is possible to see that there are also many easter eggs. When Musk normally posts something about DOGE DOGE, SHIB and FLOKI prices would have increased significantly, but now the situation has changed.
The fact that the crypto money market is experiencing a sharp decline and that Musk’s tweets have lost their effect seems to be the biggest reason for this.
Happy Easter! pic.twitter.com/3gBFlrPOQO
— Elon Musk (@elonmusk) April 17, 2022
DOGE is currently down 6%, SHIB 6.6% and FLOKI 5.3%.
The sharp decline experienced by these meme-focused cryptocurrencies is directly caused by the market, and the sharp fall of BTC is the reason for this.
Despite Musk’s tweet, the fact that it does not move shows that the decline is very serious. In addition, the lack of liquidity in the market at the weekend makes the situation worse.