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Some minor tokens were on the ascent on Thursday night with
BakeryToken (CRYPTO: BAKE) up 17.9% to $2.24. BAKE was up 21.89% and 22.55% against BTC and ETH, respectively. Over the week, the coin traded 12.17% higher.
BAKE is associated with the decentralized automated market-making protocol BakerySwap. Since the year began it has shot up a whopping 14,167.73%.
Other notable gainers on Thursday night included
Kusama (CRYPTO: KSM),
Maker (CRYPTO: MKR).
KSM was up 4.44% at $197.94, CHZ traded 0.85% higher at $0.26 and Maker was in the green 1.83% at $2,553.70.
Why It Matters: The apex cryptocurrency has remained rangebound in the region of $30,000-$40,000 with futures traders selling puts at $30,000 strike and selling calls at $40,000 strike, as per a CoinDesk report.
BoA Survey: Bitcoin Ranks 3rd as Most Crowded Trade after Tech Stocks and ESG coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
The diamond hands reference was construed to be a desire not to sell Tesla’s
Bitcoin (BTC) holdings even in the present adverse market conditions.
The tweet also earned him the wrath of several in the cryptocurrency community with the author and entrepreneur Timothy Kim calling him the “most hated person in the world right now.”
While the diamond hands tweet did support the price of BTC temporarily, the downwards momentum is still strong. BTC traded 10.38% lower at $37,369.63 on a 24-hour basis at press time on Wednesday night.
On an intra-day basis, the apex coin hit a low of $30,681.50 and a high of $41,286.79.