Bitcoin has suddenly surged higher, climbing firmly above $60,000 per bitcoin for the first time since mid-March. The bitcoin price hit highs of $61,222 on the Luxembourg-based Bitstamp exchange before falling back slightly, a rise of 5% on the last 24 hours. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, rose to a fresh all-time high above $2,100. The precise cause of the early Saturday morning bitcoin price surge was not immediately clear, however, a cryptic tweet from Tesla TSLA billionaire and bitcoin-buyer Elon Musk has spurred the $2 trillion cryptocurrency market higher. MORE FROM FORBESBitcoin Price Prediction: Why Bitcoin Could Rocket To $400,000 In 2021By Billy Bambrough Elon Musk, the billionaire chief executive of both Tesla and SpaceX, often moves the bitcoin and … [+] cryptocurrency market with his tongue-in-cheek tweets. Getty Images “… going to moon very soon,” Musk said via Twitter, shortly after the bitcoin price jumped, perhaps referencing the popular “bitcoin to the moon” meme and sparking speculation Musk’s rocket company SpaceX could follow Tesla in adding bitcoin to its balance sheet. “SpaceX buying bitcoin?” asked Danny Scott, the chief executive of Isle of Man-based bitcoin and cryptocurrency exchange CoinCorner, in reply to Musk’s tweet. At the end of last year, Elon Musk set the bitcoin and cryptocurrency market alight when he tweeted about the possibility of making large bitcoin p… Click below to read the full story from Forbes
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