Btc

Elon Musk announced XChat, a new messaging app featuring end-to-end encryption, disappearing messages, and file sharing without a phone number. However, its claim of " Bitcoin-style encryption " has drawn skepticism from tech experts, who argue that Bitcoin relies on **signatures, not encryption**.

Despite the announcement, " Bitcoin’s price remained stable near $105,000 ", following a **3% drop last week**. The crypto community remains cautious, questioning the security framework of XChat and its relevance to blockchain technology.

For Binance Square readers, the key takeaway is that **market sentiment remains neutral**, with no immediate bullish or bearish impact from Musk’s announcement. Traders should focus on **technical analysis and broader market trends** rather than speculative tech developments.

$BTC