It appears that Tesla and SpaceX CEO Elon Musk is gradually losing his influence over the cryptocurrency market, judging by the lack of any meaningful impact on prices his crypto-focused tweets are making lately.
Just a few months ago, a single tweet from Musk that involved Bitcoin (BTC), Dogecoin (DOGE), or any other cryptocurrency was enough to boost prices of the corresponding digital assets by a large margin.
For example, DOGE surged by 50% after Elon Musk gave the crypto a bump in February. In another instance, Musk has boosted the canine-themed coin by 76% with a rocket tweet. In January, BTC similarly jumped by 18% after Musk added “Bitcoin” to his Twitter bio.