Musk tweeted again to express his love for virtual currency, but the market no longer buys it?

Hi everyone, this is Blockchain Luban, I’m Norman .

First, let’s take a look at the market conditions.

According to Coingecko data, the current total market value of cryptocurrencies is 1.82 trillion US dollars, with a 24- hour trading volume of 56 billion US dollars. The current market value of Bitcoin accounts for 40.82% , and the market value of Ethereum accounts for 17.07% .

During the volatile crypto market, the share of Bitcoin's market capitalization showed a steady growth trend, which shows that investors are optimistic about Bitcoin in the long term and that Bitcoin is still the undisputed consensus star in the crypto industry.

Elon Musk tweeted again: In a world of high inflation, I still own and will not sell Bitcoin, Ethereum or Dogecoin.

As soon as this tweet was sent out, it caused a heated discussion in the market. Most investors believed that this was a positive for the crypto industry. However, the market did not buy it this time, and the price of virtual currency did not rise accordingly. Does this mean that the market has become immune to Musk's repeated remarks?

The rise and fall of a market is no longer affected by the remarks of a certain big V. This is a sign of market maturity.

The Swiss city of Lugano will work with Tether to make the city a major center for blockchain adoption in Europe. According to Tether ’s announcement, Lugano intends to provide residents with the opportunity to settle annual tax bills and pay for goods in cryptocurrency, supporting only Bitcoin, USDT , and specific stablecoins anchored to the Swiss franc for payment.

Tether ’s goal with this move is to transform the city of Lugano into “a home for the crypto community, fostering its growth and prosperity.”

Well, that's all for today's news. Do you agree with me on Musk's views? Or do you have a different opinion? Please comment your thoughts under this video. See you next time! Bye!

Meta-Luban: https://meta-luban.com/