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Bitcoin slumps after Elon Musk posts 'breakup' tweetAccording to Valencia et al. (), Twitter data is not sufficient to predict Bitcoin price on its own, but can help when combined with other. We use high-frequency data to investigate tweets' real-time effects on Bitcoin liquidity. We find that a 1% increase in tweets leads to about 7% of liquidity. Michael Saylor (CEO of MicroStrategy)'s twitter post history starting is essentially only positive about Bitcoin, while his tweets before.
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