Did a tweet from Elon Musk cause the Bitcoin crash? This is what I know

The Billion Dollars Impact!!

Photo by Bermix Studio on Unsplash

Tycoon Elon Musk, through his firm Tesla, spent $ 1.5 billion in Bitcoin a few weeks back. The sale pushed the market cap over $1 trillion and a price above $58,000 was hit by the cryptocurrency . However, the CEO of SpaceX indicated that maybe Bitcoin is overvalued, considering the benefits that…