The crypto market collapsed in early trading hours of April 25th, but a temporary surge of price action was seen after headlines reported that Elon Musk had made a deal with Twitter to acquire it (NYSE:). This transaction is worth $44 billion.

Source: Cointelegraph Markets Pro TradingViewThis shows that Monday’s trading opened at $38,210, a drop of as much as 38%.BTCAs news spread about Twitter’s sale, the ) stock price surged 5.72% and hit an intraday high of $40.366