Stocks of companies exposed to the cryptocurrency market stay high as analysts at the world's top bank, JPMorgan Chase & Co. (NYSE: JPM), suggest that Bitcoin (CRYPTO: BTC) is headed lower.
Brian Brooks, the CEO of cryptocurrency exchange Binance US, said that panic over Dogecoin (DOGE) prices should not kill Bitcoin (BTC), Ethereum (ETH) and other fundamental innovations in the cryptocurrency space.
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk took a lighthearted jab at the cryptocurrency crowd on Monday via social media.
What Happened: Musk tweeted a “tragic story” titled “the cryptocurrency bull run is over.”
Tesla Inc (NASDAQ: TSLA) CEO said he had talked with Bitcoin (CRYPTO: BTC) miners. And they might have changed his mind about the environmental impact of bitcoin mining.
Gainers
MoSys, Inc. (NASDAQ: MOSY) shares jumped 44.1% to settle at $5.46 on Wednesday.
Lianluo Smart Limited (NASDAQ: LLIT) gained 24.6% to settle at $9.22.