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Elon Musk, CEO of Tesla and SpaceX, has significantly influenced the crypto market, especially Bitcoin (BTC). In early 2021, Tesla announced a $1.5 billion investment in Bitcoin, causing a major price surge. Musk also revealed that Tesla would accept BTC as payment for a brief period, boosting mainstream interest.
Although Tesla later sold about 75% of its Bitcoin holdings in 2022, the company still retains a portion. Musk has also personally disclosed owning Bitcoin, along with Ethereum and Dogecoin, though exact amounts remain undisclosed.
His tweets and actions continue to sway Bitcoin's price, making him one of the most influential figures in the crypto world.
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Would you like me to add a recent update or chart about his holdings?
In the top chart, titled “5 x 24 hours Large Inflow (BTC),” we observe:
A total five-day large inflow value of -4,667.31 BTC, meaning that cumulatively, large players have withdrawn this amount from exchanges or high-liquidity wallets.
Binance supports a vast range of cryptocurrencies, enabling users to trade, invest, and stake digital assets. Its native coin, BNB, powers the platform, offering fee discounts and utility across Binance services. Popular coins like Bitcoin (BTC) and Ethereum (ETH) dominate trading volume, while emerging tokens like Solana (SOL) and Polygon (MATIC) offer speed and scalability. With advanced tools and high liquidity, Binance remains a top choice for crypto enthusiasts worldwide.