Musk Says He's a Bitcoin Supporter, Buffeting Price Again
Elon Musk once again sent ripples through the price of Bitcoin after declaring that he’s a supporter of the largest cryptocurrency. Speaking on social audio app Clubhouse, the billionaire said at this point he thinks “Bitcoin is a good thing,” adding he’s “late to the party” and should have bought the cryptocurrency eight years ago.
The digital coin spiked to almost $34,500 Monday amid the comments, before easing back. It surged as much as 16% on Jan. 29 to over $38,000 after Musk changed his Twitter profile to “#bitcoin.” That rally mostly ebbed by Monday. Cryptocurrencies have been buffeted recently by volatile retail-investor demand shaped online by Twitter feeds and Reddit forums. Dogecoin — a Shiba Inu-themed digital coin that started as a joke — rallied into the top 10 cryptocurrencies by market value last week before plunging over the weekend.
On Clubhouse, Musk said he doesn’t have a strong view on other cryptocurrencies and that his comments on Dogecoin are meant as jokes, adding “the most ironic outcome would be Dogecoin becomes the currency of Earth in the future.” Bitcoin has shed about $8,000 since reaching an all-time high of almost $42,000 in early January but remains up more than 260% in the past year.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 76% | 49 | $49 177.82 | -7.92% | -10.53% | $929 035 044 566 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.8% | 34 | $4 092.88 | -2.38% | -0.69% | $485 446 527 829 |  |
|
| 3 |  BNB |
Binance Coin predictions | 81.2% | 30 | $563.52 | -4.86% | -7.33% | $93 995 664 394 |  |
|
| 4 |  USDT |
Tether predictions | 95.6% | 1 | $0.999981 | -0.03% | 0% | $74 156 265 433 |  |
|
| 5 |  SOL |
Solana predictions | 72% | 60 | $203.61 | -3.36% | 4.31% | $62 231 324 330 |  |
|
| 6 |  ADA |
Cardano predictions | 67.6% | 67 | $1.42 | -8.66% | -8.56% | $47 386 208 203 |  |
|
| 7 |  XRP |
XRP predictions | 71.2% | 64 | $0.847073 | -8.28% | -10.87% | $40 021 926 228 |  |
|
| 8 |  USDC |
USD Coin predictions | 96% | 2 | $0.999590 | -0.04% | -0.01% | $39 871 779 233 |  |
|
| 9 |  DOT |
Polkadot predictions | 61.6% | 74 | $29.29 | -12.73% | -17.58% | $28 929 753 364 |  |
|
| 10 |  LUNA |
Terra predictions | 68% | 62 | $74.10 | 13.99% | 67.51% | $28 735 392 986 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 62.8% | 71 | $0.178634 | -10.26% | -13.05% | $23 648 648 660 |  |
|
| 12 |  AVAX |
Avalanche predictions | 64% | 74 | $92.34 | -12.64% | -18.20% | $22 411 255 216 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 63.6% | 73 | $0.000037 | -7.81% | -5.02% | $20 467 328 342 |  |
|
| 14 |  CRO |
Crypto.com Chain predictions | 58.4% | 83 | $0.605372 | -3.98% | -24.08% | $15 293 531 006 |  |
|
| 15 |  MATIC |
Polygon predictions | 69.6% | 59 | $1.99 | -10.33% | 22.67% | $13 980 255 925 |  |
