Elon Musk Makes Bitcoin and Dogecoin Prices Increase

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Elon Musk, CEO of US electric car maker Tesla, has made the price of Bitcoin jump above $39,000 after writing on Twitter he has no plans to sell his digital currencies. After he posted this tweet, BTC soared to $39,100, although the day before the crypto was trading in the red zone, almost falling below $37,000.

Ether (ETH) and Binance Coin (BNB) rose to $2,592 and $370, respectively. Dogecoin (DOGE) was the most successful, jumping nearly 4% to $0.115.

Elon Musk has tweeted he owns not only Bitcoin, but also Ethereum and DOGE. He is not going to sell his coins. Purchases resumed on the crypto market coinciding with the outbreak of hype in social networks.

Now Bitcoin is still trading above $39,000, a mark that many analysts consider as a zone of strong support for the crypto.

However, $40,000 is seen by many as a level of strong resistance. Over the past few days, BTC has repeatedly tried to overcome this mark, however, it has retreated again due to increased pressure from bears.

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