Bitcoin Hits $45K Mark

On September 24, Bitcoin (BTC) stirred a flurry of excitement by reaching a four-day high of $45,000. This surge is attributed to the recent announcement from Twitter that they had enabled Bitcoin tipping, sending crypto enthusiasts into a frenzy similar to a child at a candy store.

Twitter’s Tipping Feature: The Game Changer

The social media giant kicked off the first phase of its Lightning Network tipping feature, allowing iOS users to tip via payments gateway Strike. So, how does this work? Imagine sending a couple of bucks to your buddy without the hassle of pesky fees, and you get the picture. Strike confirmed that this was just the beginning, with other partners popping up soon.

Market Reacts: Stocks and Bitcoin Boogie

In the aftermath of this announcement, Twitter’s stock climbed nearly 4%. It appears that the crypto and stock markets had a little dance party, as positive vibes ripple through both sectors. Jack Mallers, CEO of Strike, chimed in with a compelling quote: “What the internet did for communication, Bitcoin and the Lightning Network are doing for money.”

Technical Analysis: A Bullish Perspective

On the technical side, traders have been cautiously optimistic. The resistance at $44,000 was a tough cookie to crack, but the Twitter news provided the necessary sugar rush. Analyst Rekt Capital noted, “A dip has taken place today, which was part of an effort to establish trend continuation from this point.” In simpler terms, Bitcoin’s sticking to the game plan, and it looks promising.

Macro Factors: Beyond Twitter

Meanwhile, the broader economic picture also painted a sunny day for Bitcoin. The stock market bounced back after fears surrounding the Evergrande situation, even allowing the S&P 500 its best day since July. What about the dollar? It decided to take a little nosedive, which typically means a good day for Bitcoin lovers everywhere.