For a second week, the crypto market is being ruled by tweets from billionaire Elon Musk.

The Tesla chief sent Bitcoin rallying back above US$45,000 ($60,084) on Monday after clarifying that the company hasn’t sold any holdings of the digital token. It’s the latest post to whipsaw prices across the industry and fuel speculation over just why the electric-car pioneer is issuing crypto missives on a daily basis on Twitter.

“He has to wake up to the reality that with his following, even single-worded tweets can move markets,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, a crypto lender.

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