The news of Elon Musk’s acquisition of Twitter has become the highlight of the last 24 hours.

And as it is known, “Elon Musk” love for the first digital currency meme, made the latter positively affected and rise in price.

Yesterday the crypto market fell below the $1 trillion level but the data has changed at the time of publication, as the total crypto market cap is back above $1 trillion, up by 2.86%.

This rise in the value of cryptocurrencies is being led by both Bitcoin and Dogecoin.

Dogecoin is up 22% in the last 24 hours while Bitcoin is maintaining the $20K level and at press time trying to break the $21,000 level.

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The rise, as we mentioned, is driven by the media momentum around the acquisition of “Elon Musk” on Twitter, which according to the analysis of the followers, both Dogecoin and Bitcoin will have a place on the Twitter platform under the leadership of “Musk”.

Altcoin recovery:

The rise of Bitcoin and the Doge, especially the latter, made the market in general boom and gain some momentum, as Ethereum rose and is trying to break through the $1600 level, where it recorded a rise of 5.7%.

While the Binance coin managed to rise above the $300 level, recording an increase of 5.5%.

Ripple and Cardano are recording 2-6% rise in the last 24 hours, Solana was also present as it rose above the $30 level and achieved a rise of 9.2%.

All these rises in altcoins contributed to the total market capitalization of the crypto market reaching the level of 1.01 trillion dollars.

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With Bitcoin’s market dominance dropping to 39.3%.

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