Bitcoin hits $40K, investors pump Dogecoin (DOGE) after Musk confirms Twitter purchase
Cointelegraph
Published Apr 25, 2022 05:00PM ET
Updated Apr 25, 2022 10:20PM ET
The cryptocurrency market fell under pressure in the early trading hours on April 25, but a brief spurt of bullish price action sparked after media headlines announced that Elon Musk had reached a deal to purchase Twitter (NYSE:TWTR) for $44 billion.
Data from Cointelegraph Markets Pro and TradingView shows that after dropping as low as $38,210 in the opening trading hours on Monday, Bitcoin (BTC) price staged a 5.72% rally to hit an intraday high at $40,366 as news of Twitter's sale spread across news outlets.
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Written By: Cointelegraph
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