Elon Musk Shares CZ Meme as Crypto Market Selloff Hits Bitcoin
Photo: The Coin Republic
Key Insights Elon Musk shared a meme about Changpeng Zhao (CZ) as the crypto market selling erased recent Bitcoin gains. Following the meme, the GREEN MORNING (GM) meme coin skyrocketed over 900%. Bitcoin traded below four daily EMAs, while RSI at 37.81 pointed to weak momentum. Elon Musk shared a meme reportedly featuring Binance founder Changpeng Zhao as the crypto market slumped on November 6. The response followed a sharp Bitcoin decline that quickly erased its brief recovery above $80,000 after the US midterm elections.
Source: The Coin Republic
