When speculators attack, everything goes down, everything goes up, they win and the rest lose. Tesla's boy's statements prove that, in early May, the move he made was speculative.
Bitcoin (BTC) and Ethereum (ETH) both bounced back from the crash earlier in the week, which sent the two cryptocurrencies down to the lowest levels in months.
The BTC is trading at $34,458 this Saturday afternoon (24), according to CoinMarketCap. The value is 17% higher than the US$29,300 registered by the cryptocurrency between Tuesday and Wednesday.
The Ether is quoted at US$ 2,181 this afternoon, with a gain of 25% since the beginning of the week, when it dropped to US$ 1,733.
The cryptocurrency market has been affected in recent days by a FUD generated by the unlocking of Bitcoin from a Grayscale fund.
Analysts at JPMorgan said the event could generate downward pressure on values, as the manager is the world's largest in the category.
In the middle of the week, however, the market became optimistic again due to statements given by Elon Musk, CEO of Tesla and SpaceX, at an online event called 'The B Word'.
In short, Musk said he and his two companies have BTC. The businessman also signaled that his car assembler can return to accept the cryptoactive as payment.
As well as BTC and ETH, the other altcoins also operate on a high this Saturday.
Binance Coin (BNB) rose 8.13% in the last 24 hours and is trading at US$305, while Cardano (ADA) jumped 7.55% and returned to US$1.24.
Dogecoin (DOGE) appreciated 9% and is quoted at US$ 0.20. Ripple's XRP, on the other hand, is worth US$ 0.62 after a 7.24% appreciation.
The best performer, however, came from Axie Infinity (AXS), which soared 55% and renewed its all-time high, beating $49.
High volatility almost always plays a deteriorating long-term role in any system.
But, in the meantime, it also recovers losses.
Time continues for caution!
