$BTC Musk is known in the cryptocurrency circle as the 'Godfather of Cryptocurrency'. His comments on cryptocurrencies like Bitcoin and Dogecoin on social media often trigger significant fluctuations in the market. For example, he has mentioned Dogecoin multiple times on Twitter, leading to substantial price increases and decreases. His influence is largely based on his immense reputation in the tech and business sectors, and through his statements on social platforms, he sways investors' confidence and trading decisions regarding cryptocurrencies, thereby affecting the market trends of cryptocurrencies.