Elon Musk Shares CZ Meme as Crypto Market Selloff Hits Bitcoin
Image: 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. Musk also posted a grimacing emoji in another exchange with Dogecoin cofounder Billy Markus, commenting on falling AI stocks. Bitcoin traded near $75,600 on November 6. The posts captured the mood around falling prices but didn’t explain what caused the broader market decline.
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Also reported by
- CryptoRank
