Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Is Elon Musk Manipulating the Crypto Market Again?

CryptocurrencyJun 14, 2021 07:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Is Elon Musk Manipulating the Crypto Market Again?

  • Sygnia CEO criticized Elon Musk for alleged Bitcoin pump and dump.
  • Many people started wondering if Musk is manipulating the crypto market again.

Many times, Elon Musk caused the crypto market to crash with his tweets. He pushed the market to drop more than 20% in the last weeks. This triggered some people to criticize the Tesla (NASDAQ:TSLA) CEO.

Recently, Sygnia CEO criticized Elon Musk for alleged Bitcoin pump and dump. According to Sygnia CEO, Musk purposely pumped up the price of Bitcoin. He said that Musk did it by writing tweets, including those mentioning Tesla’s $1.5 billion BTC purchase, then sold a big part of his exposure at the peak.

Moreover, Elon Musk didn’t waste time and took to Twitter to deny selling at the peak. Musk said,

“This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without...

This article was first published on coinquora.com

Continue reading on CoinQuora

Is Elon Musk Manipulating the Crypto Market Again?
 

Related Articles

DailyCoin’s Crypto Memes of the Week #3
DailyCoin’s Crypto Memes of the Week #3 By DailyCoin - Jul 30, 2021

There’s a grain of truth to every joke, and crypto memes are a distilled form of the grain. The form of the long-awaited weekend unwind differs from person to...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (6)
cyrus hu
cyrus hu Jun 16, 2021 2:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it's time to buy BTC
Mighty Mario
Mighty Mario Jun 14, 2021 9:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The ONLY difference between Musk and us is the fact that he has followers. he share his opinion as everybody else and he doesnt manipulate the market more than all those analysts or finance institution...
Louis Moore Bacon
Louis Moore Bacon Jun 14, 2021 9:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Musk tweets and the sheep follow blindly, eventually over the cliff. All while Musk fills his pockets with cash.
PoeT Lwinhtike
PoeT Lwinhtike Jun 14, 2021 8:52AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Michael McDonald
Michael McDonald Jun 14, 2021 8:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Magda is not CEO of Sygnia.
Barak David
Barak David Jun 14, 2021 8:28AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
he's not manipulating anything.. he just says what he thinks. fake news articles do manipulate Crypto along with everything else
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email