Elon Musk comments on the fall of cryptocurrencies

In a tweet today, Tesla and SpaceX CEO Elon Musk offered a short but meaningful expression for what is happening in the cryptocurrency market today — «cryptonight.»

Cryptonight

— Elon Musk (@elonmusk) June 15, 2022

This did not affect the value of the No. 1 cryptocurrency or altcoins, although Elon Musk’s tweets often pumped and dumped the cryptocurrency market.

Currently, the cost of 1 BTC is $ 21 300, while 1 ETH is offered at $ 1120. Market analysts are confident that if bitcoin falls below $ 20,000 per coin, there will be a further price drop.