The price of Bitcoin dropped from its $66,000 support in the past 24 hours, falling towards $60,000. Speculation about the potential impacts of the Fed took place, and the markets faced this decline. Meanwhile, the word “crypto” was the fourth most used word on Twitter, indicating the intensity of debates about cryptocurrencies.
Crypto Word Popular on Twitter
As the popularity of the word “crypto” increases on Twitter, the extent of its usage on the platform is drawing attention. Twitter listed the top five most popular words used worldwide, with “crypto” ranking fourth.
Elon Musk and the Popularity of Crypto
Elon Musk expressed that he no longer gives as much importance to cryptocurrencies, implying that bots are behind the popularity of “crypto” on Twitter. Musk’s companies, Tesla and SpaceX, hold a large amount of Bitcoin but have not yet sold any. Musk also supported Dogecoin for a long time and had a significant impact on market price changes.
Musk expressed discomfort at the fact that “crypto” is currently the fourth most popular word on Twitter and suggested that bots might be the reason. However, Google Trend data revealed that the interest in Bitcoin is not limited to Twitter and is increasing among investors in general.
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