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Just for One Day! Elon Musk’s Bitcoin Twitter Update, BTC Historic Climb Past $56K Sets Altcoins Rallying

Bitcoin investor, Cameron Winklevoss spoke on BTC price move as he tweeted:

‘A $5,000 intraday move in #Bitcoin is now only 10%’

Bitcoin Climbs Past $56K, Altcoins Ride Higher

‘#Bitcoin is trying its best to drag its buddy #Ethereum over the 2K finish line’

BNB/USD Daily Chart

Chainlink also traded near its all-time high of $35.74. PancakeSwap (CAKE) also climbed to become the world’s largest decentralized exchange by daily trading volume, data from markets app CoinGecko showed. PancakeSwap is built on Binance Smart Chain (BSC), one of the two blockchains built and maintained by crypto exchange Binance.

CAKE began its rise from lows of $7.09 on Feb. 17 to highs of $21.45 today. The token has gained 41.75% in the last 24 hours and 145.71% on a 7-day basis. This follows as several analysts earlier hinted that Bitcoin’s breakout would cause some selected Altcoins to rally in their prices.

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