Bitcoin (BTC), the most prominent and widely recognized virtual currency, maintained its bullish momentum and surpassed $68,000 early this morning, reaching an intra-day high of $68,418. This surge has sparked renewed interest in Bitcoin price prediction, with analysts closely monitoring the factors driving this rally.
One significant catalyst was Elon Musk’s recent change of his X profile picture to the Bitcoin-related laser eyes symbol, which triggered widespread speculation about his potential renewed interest in Bitcoin.
Elon Musk updates his profile pic to laser eyes. pic.twitter.com/jRu1nZTbSU
— The Spectator Index (@spectatorindex) July 21, 2024
Additionally, Joe Biden’s withdrawal from the US Presidential race has increased the likelihood of pro-crypto candidate Donald Trump winning the election, further boosting market sentiment and contributing to Bitcoin’s rise.
As per the latest report, Elon Musk recently updated his X profile picture to feature laser eyes, a popular Bitcoin symbol, sparking significant buzz in the crypto community.
This change comes as Musk arrived in Tennessee aboard his private jet, raising speculation that he might attend the 2024 Bitcoin Conference in Nashville on July 25. However, the timing of his arrival and profile update has fueled rumors about his possible appearance, especially since his previous profile change coincided with Bitcoin’s all-time high earlier this year.
Laser Eyes are back in style. #Bitcoin pic.twitter.com/FZBztnkVhf
— Michael Saylor⚡️ (@saylor) July 21, 2024
These developments have led to speculation that Musk might be preparing to buy Bitcoin, suggesting a possible renewed interest in the cryptocurrency.
Besides this, former President Donald Trump, known for his
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