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Elon Musk Bitcoin tweet sparks massive rally, taking it above $35,000

The largest cryptocurrency spiked about 15 per cent within minutes as the London trading day got underway

Elon Musk
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Elon Musk, Tesla Inc. founder

Yakob Peterseil | Bloomberg
Bitcoin rallied above $35,000, with brokers attributing the move to Elon Musk mentioning the cryptocurrency in his bio page on Twitter.
 
The largest cryptocurrency spiked about 15 per cent within minutes as the London trading day got underway. On the day, prices were up 8 per cent at $35,885 as of 9:13 a.m. local time.

Tesla Inc. founder Musk’s page on Twitter simply said #bitcoin, with no further explanation.

Earlier in the day, Musk also sparked a massive rally in Dogecoin after tweeting an image of a “Dogue” magazine cover featuring a whippet in a red outfit. The digital coin