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- What impact do major announcements from companies like Tesla have on crypto prices

Major announcements from companies like Tesla can really shake things up in the crypto world. When Tesla made headlines about accepting Bitcoin for car purchases, for example, it sent prices soaring because it showed that big players were getting serious about crypto. It can create a buzz and make people feel more confident in investing, which usually leads to price spikes. But then again, if they backtrack or say something negative, it can cause a quick drop, too. So, it’s like a rollercoaster ride for crypto prices whenever these big companies speak up!