Bitcoin bulls race $ 45,000 after Twitter launched crypto tipping


Bullish optimism is on the rise in the cryptocurrency market on September 23, as prices continue to recover from this week’s volatility, a result of regulatory pressure on the crypto industry, from the meeting of the Federal Open Market Committee on Interest Rate Hikes and Fed Monetary Policy. , as well as fears that the Evergrande situation will spill over into global financial markets.

Data from UKTN Markets Pro and TradingView shows that after trading in a range between $ 43,000 and $ 44,300 during the first few hours of trading on September 23, the price of Bitcoin (BTC) climbed above 44 $ 800 in the early afternoon and is now aiming to reverse the $ 45,000 resistance level into support.

See also  French regulator warns against unauthorized crypto platforms
4 hour BTC / USDT chart. Source: TradingView

The timing of the BTC price hike closely matches Twitter’s announcement that users will now be able to tip other users with cryptocurrencies like Bitcoin through integration with Strike, a built-in payment app. on the Lightning network which enables low cost Bitcoin transactions.

This development came as momentum in the cryptocurrency ecosystem was already on the rise, with the top altcoin Ether (ETH) falling above $ 3,100. The data also shows that the balance of ether held in reserves on major cryptocurrency exchanges has reached an all-time high.

See also  Bitcoin price targets $ 50,000 as US dollar retreats after hitting year-long high

Altcoins bounce back completely

The altcoin market is running at full speed as competition in the first layer arena intensifies with projects like Terra (LUNA), Avalanche (AVAX) and Cosmos (ATOM) making price gains and attracting new users through lower costs. faster transactions and processing times.

Daily performance of the cryptocurrency market. Source: Coin360

Celer (CELR) is the best 24-hour winner after seeing its price jump 52% ​​to a new all-time high at $ 0.14, while Celo (CELO) gained 24% and is trading at 7, $ 80.

See also  President of El Salvador teases Bitcoin's geothermal mining farm

Other notable performances include a 23% gain for COTI, a 21% gain for Tezos (XTZ) and a 20% rally for Origin Trail (TRAC).

The overall cryptocurrency market cap is now $ 1.999 trillion and Bitcoin’s dominance rate is 42%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move comes with risk, you should do your own research before making a decision.