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Bitcoin soars by $5K in minutes — BTC hits $38K after Elon Musk's 'Dogecoin treatment'

Published 01/29/2021, 04:30 AM
Updated 01/29/2021, 12:40 PM
Bitcoin soars by $5K in minutes — BTC hits $38K after Elon Musk's 'Dogecoin treatment'
BTC/USD
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BTC/USD
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Bitcoin (BTC) surged by over $5,000 in minutes on Jan. 29 after the world's richest man added its symbol to his Twitter page.

BTC/USD 1-hour candle chart. Source: Tradingview

Data from Cointelegraph Markets and Tradingview showed BTC/USD spiking to $38,000 as users began to notice that Elon Musk was now publicly advertising Bitcoin.

Tweet volume for "BTC" and "DOGE." Source: TheTIE

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