Bitcoin hits $45K, TWTR stock price rises 3.8% after BTC tipping comes to Twitter
Bitcoin hits $45K, TWTR stock price rises 3.8% afterwards BTC tipping comes to Twitter
Twitter'due south stock feels the benefit of the "orange pill" as surging stocks add together to positive tailwinds for Bitcoin.
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Bitcoin (BTC) hit 4-mean solar day highs of $45,000 on Sept. 24 as the market digested news that Twitter had enabled BTC tipping.
Twitter stock surges three.viii% on Bitcoin news
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,180 on Bitstamp.
The largest cryptocurrency had struggled to overcome resistance at $44,000, but the Twitter announcement provided some much-needed bullish momentum.
The social network rolled out the first phase of its Lightning Network tipping characteristic via payments gateway Strike for iOS users Thursday. Other interfaces would presently follow, Strike confirmed, with other tipping partners in the pipeline and fix to exist announced in the coming weeks.
"What the internet did for advice, Bitcoin and the Lightning Network is doing for money," CEO Jack Mallers summarized in an accompanying blog postal service.
Twitter immediately felt the benefits, with its stock up nearly four% later on yesterday's close. A video from Mallers showing him using the new tipping feature, meanwhile, attracted 1.6 million views in just 15 hours.
— Jack Mallers (@jackmallers) September 23, 2022
Now, already bullish Bitcoin traders were even more than optimistic. For Rekt Capital, a trend continuation involving a dip, consolidation and eventual exit to the upside was well on track.
"Daily Closed only like that and a dip has indeed taken place today," he tweeted Friday, showing the predicted BTC/USD trajectory.
"This was all done in an endeavour to establish trend continuation from this point. Bitcoin is post-obit the black path well thus far."
Dollar dip boosts BTC
The macro picture also provided hope for Bitcoin, with stocks reversing upwards after suffering over Evergrande fears.
Related: Likewise 'grande' to neglect — Bitcoin toll stumbles at $44K as Red china plans for Evergrande'due south implosion
The S&P 500 saw its all-time day since July on Thursday, and Bitcoin maintained its positive correlation to equities.
The United States dollar, which had capitalized on stocks' sell-off, vicious dramatically, with the U.S. dollar currency index (DXY) bouncing off back up at 93.
Source: https://cointelegraph.com/news/bitcoin-hits-45k-twtr-stock-price-rises-3-8-after-btc-tipping-comes-to-twitter
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