by John Smith 
After the Dogecoin (DOGE) price which jumped 700%, it is Bitcoin BTC to rise rapidly as Elon Musk, CEO of Tesla, has just added the word and logo Bitcoin to his Twitter profile.
The Bitcoin price has indeed just peaked at $38,531 on Binance, an increase of more than 18% in a few minutes.
If Elon Musk happens to talk about Bitcoin like very recently, he is also a fan of Dogecoin as we said in the previous article dedicated to the impressive DOGE price pump which entered the top 10 of the most important cryptocurrencies.
A speculative crypto market that can be swayed simply by tweets or articles in the media.
By evoking a brand or Bitcoin for example, Elon Musk can thus influence the price of a stock or a cryptocurrency thanks in particular to his 43 million subscribers!
Effects that can be reflected in the form of pump and dump, cryptocurrency prices which rise rapidly but which fall just as quickly.
The Dogecoin price has thus retraced from its peak this morning, it could still go up later, an unpredictable crypto market and in which you must therefore act with caution if you invest money.
Elon Musk’s tweets never go unnoticed, if one could expect him to tweet about Dogecoin, his favorite cryptocurrency, he prefered to wink at the Bitcoin community instead, always thrilled for celebrities to advertise BTC or the crypto industry in general.
It remains to be seen, therefore, whether if the Bitcoin price will ride a bullish return movement or whether it will only be an ephemeral rise under the influence of Elon Musk’s tweet.
