$288 billion dip from one tweet?

By Minae | Mina | 18 Apr 2021


Some believe that the market dip was caused by one tweet from a Twitter account called “FXHedge” 

debe9d621b500855d5871c940235c409c3b46a1e72a9ae06454462c8342b0848.jpg

A few minutes after this tweet, the maker began to lose billions, plummeting the value of Bitcoin from about $62000 to $53000. 

While this may not be the only reason for the huge dip, this tells us that this market is highly volatile. The tiniest tweet could plummet the market by a few millions! 

Altcoins, following BTC steps also took a big dip, some ever harsher than Bitcoin plummeting -30% for some. 

The market is likely to recover during the next few days, but it could also drop even lower as some investors already lost a few millions.

How do you rate this article?


7

1


Mina
Mina

Journaling about my research in sciences, my travel and cryptos :)

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.