facebookWhat are your thoughts on how Elon Musk's Twitter account is moving the crypto markets? - Seedly

Rachelle Lye

Digital Marketing at Fintech

18 May 2021

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Cryptocurrency

What are your thoughts on how Elon Musk's Twitter account is moving the crypto markets?

Bitcoin fell more than 9 per cent on Monday to as low as US$42,185 (S$56,222), its lowest since Feb 8, but rallied more than 5 per cent to around US$44,220, both after his tweets. Do you think crypto has reached some form of consolidation in price or is it still a huge question mark to you?

Discussion (1)

What are your thoughts?

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If you follow news and events to make decisions on trades and investments, it will be a never ending journey of multitude of factors that could affect your decision and the underlying movement of asset price.

A better strategy would be one that does not require you to make decision based on constant, ever changing and unprecedented events

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