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Bitcoin retreats slightly after reaching new record high, crypto aficionado Elon Musk tweets picture showing Bitcoin price at US$69,000

Shortly after reaching a new record high on Wednesday, the Bitcoin and many other cryptos retreated slightly (Image: TheDigitalArtist)
Shortly after reaching a new record high on Wednesday, the Bitcoin and many other cryptos retreated slightly (Image: TheDigitalArtist)
The Bitcoin comfortably settled above the US$60,000 mark after reaching a new all-time record high yesterday, while crypto enthusiast and SpaceX founder Elon Musk may have predicted a Bitcoin jump to US$69,000 with a lewd post on Twitter.

The largest and arguably most important cryptocurrency in the world, the Bitcoin, apparently has to catch its breath after an exciting surge to a new all-time record high of almost US$67,000 on Wednesday. One bitcoin is currently priced at slightly under US$63,000, which means that it has lost about 6% in value compared to yesterday.

It was more or less expected that such an explosive rise, which was mostly triggered by the recent approval and start of the very first Bitcoin futures ETF in the United States, would be followed by a slight correction. Many other cryptocurrencies, like the also quite popular Ethereum, have followed the Bitcoin's lead. One ethereum is currently priced at around US$4,080.

However, crypto fan Elon Musk celebrated the new Bitcoin record high with an according post on the social media platform Twitter. Musk shared a cartoonish picture of a couple in bed which casually looks at some type of screen that shows a Bitcoin price of US$69,000, while also displaying an Ethereum price of US$4,200. The intended message of Musk's post remains unclear, but the overall optimistic outlook regarding cryptos and Bitcoin in general is hard to deny these days.

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Disclaimer: This article is for informational purposes only and does not include any kind of investment advice.

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Enrico Frahn
Editor of the original article: Enrico Frahn - Tech Writer - 952 articles published on Notebookcheck since 2021
My fascination for technology goes back a long way to the Pentium II era. Modding, overclocking and treasuring computer hardware has since become an integral part of my life. As a student, I further developed a keen interest in mobile technologies that can make the stressful college life so much easier. After I fell in love with the creation of digital content while working in a marketing position, I now scour the web to bring you the most exciting topics in the world of tech. Outside the office, I’m particularly passionate about motorsports and mountain biking.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 10 > Bitcoin retreats slightly after reaching new record high, crypto aficionado Elon Musk tweets picture showing Bitcoin price at US$69,000
Enrico Frahn, 2021-10-21 (Update: 2021-10-21)