Bitcoin saw a terrific couple of days following the B Word occasion where Elon Musk, Jack Dorsey, and Cathie Wood spoke rather fondly of it. It’s up 15% in five days, and it seems preparing for a test of $34K.
Bitcoin Price Gaining 15% In a Few Days
This was a really unstable week for bitcoin’s rate, which didn’t look like it was off to a good start a couple of days earlier.
In fact, on Tuesday, the price plummeted down to around $29,200, triggering nothing however worry and panic in the market. Fortunately, it didn’t take much for the rate to reverse.
On Wednesday, the highly-anticipated B Word event took place, and it saw Elon Musk, Jack Dorsey, and Cathie Wood go over bitcoin. All of them spoke fondly of the property. Musk revealed that he owns BTC, ETH, and some DOGE, while likewise saying that Tesla would resume accepting it at some time.
This catalyzed a healing rally, which is now taking the price of bitcoin towards $34K. At the time of this writing, BTC is trading at $33,700, up more than 15% from Tuesday’s lows.