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 | 56.8% | 93 | $19 241.67 | -5.61% | -9.67% | $367 181 795 784 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 58.4% | 92 | $1 059.15 | -3.18% | -13.28% | $128 553 316 172 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $0.998955 | 0% | -0.04% | $66 163 024 576 |  |
|
| 4 |  USDC |
USD Coin predictions | 93.2% | 1 | $1.000391 | -0.02% | 0.04% | $55 824 445 752 |  |
|
| 5 |  BNB |
Binance Coin predictions | 60.8% | 83 | $215.34 | -4.45% | -10.63% | $35 160 747 810 |  |
|
| 6 |  BUSD |
Binance USD predictions | 91.6% | 1 | $1.000088 | 0.10% | 0.04% | $17 548 760 052 |  |
|
| 7 |  ADA |
Cardano predictions | 61.6% | 77 | $0.450635 | -3.60% | -10.37% | $15 210 103 811 |  |
|
| 8 |  XRP |
XRP predictions | 66.4% | 69 | $0.312867 | -5.44% | -15.56% | $15 124 962 063 |  |
|
| 9 |  SOL |
Solana predictions | 66% | 76 | $32.75 | -6.27% | -22.31% | $11 242 411 042 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 65.6% | 71 | $0.067391 | -0.30% | -0.20% | $8 940 786 353 |  |
|
| 11 |  DAI |
Dai predictions | 93.6% | 1 | $0.999784 | -0.09% | -0.03% | $6 859 368 442 |  |
|
| 12 |  DOT |
Polkadot predictions | 68.4% | 67 | $6.72 | -5.60% | -18.62% | $6 637 336 409 |  |
|
| 13 |  TRX |
TRON predictions | 58.8% | 88 | $0.065207 | -0.60% | -1.36% | $6 030 956 222 |  |
|
| 14 |  LEO |
UNUS SED LEO predictions | 69.6% | 60 | $5.77 | -0.04% | -1.82% | $5 499 921 297 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 66.8% | 66 | $0.000010 | -3.90% | -8.85% | $5 489 974 219 |  |
