After Joe Biden announced his withdrawal from the 2024 US presidential race, billionaire Elon Musk changed his X profile picture.
The controversial billionaire changed his profile picture to laser eyes right after the news about Biden. He is a known supporter of Trump and must be happy with the democrat’s representative’s withdrawal from the presidential race.
A few days ago MAGA’s price surged by 20% after a Musk tweet. The Trump-related altcoin is currently trading at $7.2 after a 1% price increase in the past 24 hours.
Another similar surge could occur, since Musk’s influence in the crypto space is significant. Historically with his tweets he has sparked price rallys in many coins.
Although this move by Musk (changing his profile pic), might not be related to crypto, his influence can change the price trend of the market.
This is especially true for meme coins, as Elon Musk is known as “The Meme Lord”.
Investor attention is locked on upcoming U.S. inflation data, which could shape Federal Reserve policy and ripple through financial markets, including crypto.
The head of CryptoQuant, a market intelligence firm, sees a major future role for crypto assets in politics.
Vitalik Buterin’s latest move to address concerns surrounding the Ethereum Foundation appears to be gaining traction, as fresh on-chain data reveals a significant influx of funds into the foundation’s multisig wallet.
Brazil’s central bank president, Gabriel Galipolo, recently spoke at a Bank for International Settlements event in Mexico City, highlighting the surge in cryptocurrency use within the country.