- The global crypto market has witnessed the manipulation by such social media trends and news. Affecting the prices of crypto tokens and DeFi tokens heavily.
- Mayor of Miami Francis Suarez announced that he want his retirement saving of 401k partly in Bitcoin on Saturday.
- The Bitcoin (BTC) network had an unnoticed surge in its net hashrate yesterday.
The inflation is going overhead and people trying to find new ways to deal with it.
With an average world inflation rate of 3.5 percent, the global economy is heading towards a hyper inflation state and if not countered, an economic collapse is waiting at the end of the side.
Twitter is the most preferable place for social media heads. Users throw their comments and opinions on anything which is trending.
Twitter Posts Manipulating Crypto Prices
The global crypto market has witnessed the manipulation by such social media trends and news. Affecting the prices of crypto tokens and DeFi tokens heavily.
Elon Musk, The CEO of Tesla motors is one of the biggest names in the scene.
He’s very active in Twitter and posts about various things including Cryptocurrency. Recently his Tweets caused tremors in the crypto market when he uplifted the meme coin Dogecoin.
The token’s value soars from none to 0.75$ in couple of months. After the SNL premier dogecoin tanked and since then many investors lost their money.
In this session, we are going to see who tweets what about bitcoin as it Bitcoin trending in the microblogging site.
Richard dick Whitman tweets a video of fox news. The reporter was reporting about the inflation and its affect on nation. He wrote, “People buy bitcoin when they think the US dollar is no longer safe”.
Supporting the tweet, CEO of Mircrostrategy Michael Saylor re-tweets the video writing, “Inflation is the problem and #Bitcoin is the solution”.
Bitcoin Consolidating Around $49K
Following a dramatic weekend drop that began last Friday, the price of Bitcoin has been hovering between $46,000 and $52,000 this week.
On Wednesday, December 1, Bitcoin came close to hitting an all-time high of $59,000.
This recent drop brings Bitcoin back to where it was in early October, before a rally that lasted through November and into December, when it reached its current all-time high of over $68,000 on Nov. 10.
By captioning a video about panic sellers “who have sold their bitcoin when the price drops and at the same time Michael Saylor buying more of it,” crypto investor Lark Davis shared a funny video about panic sellers captioning, “who have sold their bitcoin when the price drops and at the same time Michael Saylor buying more of it.”
Meanwhile, Mayor of Miami Francis Suarez announced that he want his retirement saving of 401k partly in Bitcoin on Saturday.
Bitcoin Hashrate Jumps To New ATH
The Bitcoin (BTC) network had an unnoticed surge in its net hashrate yesterday, December 10, 2021. This indicator surpassed 181 EH/s for the first time in Bitcoin’s (BTC) history.
It reached a maximum range of 190 EH/s. It so surpassed the levels seen on the eve of China’s crypto mining ban, which ended the country’s dominance in the space in May 2021.
In regards with the news Bitcoin Magazine shares a comical video which shows how bitcoin network recovered bitcoin hashrate after china ban.
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Image Credits: Medium