Filecoin ignores Elon Musk's Bitcoin FUD as FIL price rockets by 17%

Filecoin ignores Elon Musk's Bitcoin FUD as FIL price rockets by 17%

FIL, the native crypto asset of the Filecoin network, was among the best performing digital assets Friday as it maintained its gains against a very bearish cryptocurrency market.

The FIL/USD reached an intraday high of $102.109 at around 0300 UTC, up more than 37% on a 24-hour adjusted timeframe. The pair underwent a sharp correction later on profit-taking sentiment but sustained its 24-hour gains by staying upward of 17%.

In contrast, Filecoin’s top rivals Bitcoin (BTC) and Ether (ETH) were down more than 6% and 7%, respectively, as of 0945 UTC.

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Filecoin attempts to post solid rebounds following its recent downside moves. Source: FILUSD on TradingView

Almost all the top-cap digital assets posted losses after Elon Musk, the founder/CEO of Tesla, tweeted a cryptic breakup meme with a hashtag #bitcoin and a broken heart emoji.

According to the firm’s securities filing released in February, Tesla had added $1.5 billion worth of BTC tokens to its balance sheet. However, Musk’s mysterious tweet on

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