Bitcoin Leaps Above $48,000 For The First Time Ever/Elon Musk & Snoop’s Influence On Cryptocurrency

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  • bitcoinBitcoin (BTC) $ 61,851.00 8%
  • ethereumEthereum (ETH) $ 3,861.69 1.55%
  • binance-coinBinance Coin (BNB) $ 471.04 0.04%
  • cardanoCardano (ADA) $ 2.24 2.36%
  • tetherTether (USDT) $ 1.01 0.57%
  • xrpXRP (XRP) $ 1.14 0.67%
  • solanaSolana (SOL) $ 161.91 6.72%
  • polkadotPolkadot (DOT) $ 40.88 1.69%
  • usd-coinUSD Coin (USDC) $ 1.01 0.46%
  • dogecoinDogecoin (DOGE) $ 0.235013 0.14%
  • terra-lunaTerra (LUNA) $ 37.43 2.08%
  • uniswapUniswap (UNI) $ 26.16 0.79%
  • binance-usdBinance USD (BUSD) $ 1.01 0.51%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 61,571.00 7.4%
  • litecoinLitecoin (LTC) $ 192.42 5.65%
  • shiba-inuShiba Inu (SHIB) $ 0.000025 9.36%
  • chainlinkChainlink (LINK) $ 27.07 1.61%
  • avalanche-2Avalanche (AVAX) $ 56.10 0.55%
  • bitcoin-cashBitcoin Cash (BCH) $ 631.26 5.81%
  • algorandAlgorand (ALGO) $ 1.77 3.06%
  • matic-networkPolygon (MATIC) $ 1.54 21.16%
  • cosmosCosmos (ATOM) $ 33.34 3.18%
  • stellarStellar (XLM) $ 0.363078 1.76%
  • vechainVeChain (VET) $ 0.121709 1.83%
  • axie-infinityAxie Infinity (AXS) $ 128.60 7.69%
  • filecoinFilecoin (FIL) $ 68.46 2.57%
  • internet-computerInternet Computer (ICP) $ 44.04 1.53%
  • tronTRON (TRX) $ 0.100514 3.14%
  • ethereum-classicEthereum Classic (ETC) $ 55.01 0.66%
  • daiDai (DAI) $ 1.01 0.79%
  • ftx-tokenFTX Token (FTT) $ 57.93 5.15%
  • theta-tokenTheta Network (THETA) $ 6.40 4.38%
  • compound-ethercETH (CETH) $ 77.66 1.65%
  • tezosTezos (XTZ) $ 6.95 3.35%
  • hedera-hashgraphHedera (HBAR) $ 0.368347 4.93%
  • staked-etherLido Staked Ether (STETH) $ 3,827.48 1.51%
  • fantomFantom (FTM) $ 1.99 4.17%
  • moneroMonero (XMR) $ 277.54 3.33%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.190608 1.29%
  • elrond-erd-2Elrond (EGLD) $ 237.67 2.29%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 19.84 0.67%
  • eosEOS (EOS) $ 4.65 0.06%
  • okbOKB (OKB) $ 16.75 2.2%
  • cdaicDAI (CDAI) $ 0.021750 0.27%
  • nearNear (NEAR) $ 7.94 1.72%
  • klay-tokenKlaytn (KLAY) $ 1.62 1.75%
  • aaveAave (AAVE) $ 303.94 0.75%
  • ecasheCash (XEC) $ 0.000215 3.45%
  • quant-networkQuant (QNT) $ 294.67 0.67%
  • compound-usd-coincUSDC (CUSDC) $ 0.022340 0.35%

While this isn’t necessarily a Black focused community story (most of this article is about Elon Musk), but we’re also talking SNOOP and MONEY(crypto money too), something we’ll cover pretty regularly here at Black Newzio. I think it’s very important that we talk about money more in our Black communities but more so in terms of investing, and just knowing what’s going on in the economy so that we can place ourselves in positions of wealth.

MUSK: So, the billionaire owner of Telsa, Elon Musk balls out, and buys $1.5 billion of Bitcoin… must be nice! Over the last few weeks Musk has had a tremendous impact on Bitcoin prices, he first added #bitcoin to his Twitter bio, and then sent out a cryptic tweet, saying, “In retrospect, it was inevitable.” Hours after adding the hashtag, Bitcoin shot up 20%, after Elon’s investment of $1.5 billion, Bitcoin hit an all-time high of $48,000, and while I’m now a digital currency expert… DAMN!

QUICK FUN FACT: In the early days, 2010 a Bitcoin cost investors just 6¢ each. That $100 investment would now be worth (Don’t pass out!) $72,902,650.

SNOOP: Now we can’t talk about cryptocurrency without mentioning the one and only S-N-double O-P D-O-double G, lately known as Snoop Doge, how has contributed to the spike in Dogecoin the currency that started off as a joke! Mr. Snoop Dogg took to Twitter along with some other celebrities, professing to be a fan of the now 8th largest cryptocurrency, Dogecoin. Check out his Tweet:

let us know how you feel about this whole cryptocurrency thing and where you believe it’s headed. Is it inevitable? also, check out the short bio of bitcoin below from coin desk, it’s pretty insightful if you’re new to all this!


Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto, Bitcoin is the largest cryptocurrency measured by market capitalization and amount of data stored on its blockchain. The Bitcoin software is free and available online to anyone who wants to run a Bitcoin node and store their own copy of the Bitcoin blockchain. As Bitcoin matures, engineers have designed additional protocols to improve the speed and privacy of Bitcoin transactions, including the Omni LayerLightning Network and Liquid Network. Only approximately 21 million bitcoins will ever be created. New coins are minted every 10 minutes by bitcoin miners who help to maintain the network by adding new transaction data to the blockchain.

The Bitcoin price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies.

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