Cryptocurrency prices today: Bitcoin jumps after Elon Musk’s tweet, Ether up 7%

A tweet posted by Tesla CEO Elon Musk has boosted the value of Bitcoin, which is slowly inching closer to $40,000. Other cryptocurrencies like Ether and Dogecoin have also gained sharply after Bitcoin's rise on Monday. Check the latest cryptocurrency prices and trends.

Bitcoin’s value has jumped by nearly 12 per cent after a fresh tweet from Tesla CEO Elon Musk. The world’s most popular cryptocurrency was seen inching closer to $40,000 at around 1:20 pm. Cryptocurrency Price (US Dollar) 24-hour change Market cap (Billion) Volume (24 Hours) Bitcoin 39,206.56 10.92% $734.50 $41.84 billion Ethereum (Ether) 2,486.01 6.37% $289.07 $28.36 billion Dogecoin 0.323952 4.10% $42.07 $1.72 million Litecoin 168.26 5.47% $11.42 $2.94 billion XRP (Ripple) 0.871539 5.58% $87.16 $2.21 million Cardano 1.54 6.19% $49.36 $5.36 million Bitcoin’s closest rival Ether has jumped over 7 per cent from its value 24 hours ago; other altcoins like Ripple, Cardano, Dogecoin, Litecoin and Chainlink have also jumped sharply. It seems there has been a chain reaction after Musk’s tweet boosted the value of Bitcoin. Bitcoin has hit a two-week peak after Musk reacted to criticism against him for manipulating (pumping and dumping) price of the virtual coin. Replying to the allegation against him on Twitter, Musk said the view was inaccurate and added that Tesla may allow Bitcoin transactions in future.