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Bitcoin Bulls Target $45,000 After Twitter Unveiled Crypto Tipping

John Wanguba by John Wanguba
September 23, 2021
in Analysis, Crypto news
Reading Time: 3min read
Bitcoin Bulls Looking Above $45K To Validate Bullish Trend Reversal
Rate this post

On September 23, the bullish optimism appears to be on the rise across the crypto markets as prices continue to recover greatly from this week’s volatility. The volatility came due to lots of regulatory pressure on the crypto industry and the Federal Open Market Committee (FOMC) meeting on the Federal Reserve’s interest rate hikes and monetary policy.

Also, fears that the Evergrande situation may ripple out to affect the global financial markets also resulted in a drop in the general crypto market. The price of Bitcoin rallied to reach $44,800 and seems to be consolidating above $44,000 with analysts saying that it is getting ready to aim at converting the $45,000 resistance into support once more. The surge in prices came shortly after Twitter introduced a new cryptocurrency tipping service.

Data acquired from TradingView shows that after trading within the $43,000 to $44,300 range in the early trading hours, the flagship crypto spiked past $44,800 in the early afternoon session and now seems to be getting ready to breach the $45,000 resistance zone.

BTC/USDT 4-hour chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView

The timing of that spike is believed to coincide closely with Twitter’s announcement that users can now tip other users with cryptos like Bitcoin thanks to the integration with Strike. This Strike is a payment app that is powered by the Lightning Network. It supports low-cost Bitcoin transactions.

BREAKING: Twitter is launching Bitcoin Lightning Network tipping functionality on iOS.

— Pomp 🌪 (@APompliano) September 23, 2021

That development came as the momentum throughout the crypto space was already surging with the biggest altcoin Ether (ETH) rising back above $3,100 once more. Data also indicates that the Ether balance that is held in the reserves of most major crypto exchanges has recorded another all-time low.

Altcoins Re-awakened

The altcoin space is currently firing on all cylinders once more as competition in the Layer-1 segment heats up with projects like Avalance (AVAX), Terra (LUNA), and Cosmos (ATOM) making significant gains in terms of prices. They have managed to attract many new users due to lower-cost transactions and quick processing times.

Daily cryptocurrency market performance. Source: Coin360
Daily cryptocurrency market performance. Source: Coin360

Notably, the top gainer in the past 24 hours is Celer (CELR) which saw its price explode by 52% to reach a new all-time high of $0.14. Celo (CELO) gained 24% and was trading at around $7.80 for the day.

Some of the other performances that were considered include a 20% rally from Origin Trail (TRAC), a 21% gain for Tezos (XTZ), and a 23% gain for COTI. The general crypto market cap now hovers around $1.999 trillion, and bitcoin’s dominance rate is pegged at 42%.

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Tags: algorandAltcoinsBitcoinBTCBTC PriceCelocryptocryptocurrencyETH priceEtherEthereumLightning Networkmarket analysismarket uptadeMarketsPrice AnalysisTezosTwitter

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Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

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  • Home
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  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
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    • BitQT
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Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

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