The IntoTheBlock agency recently tweeted information regarding the likelihood that Bitcoin will hit the $30,000 mark and what factors may facilitate this.
The tweet served as a reminder to the public that the market has recently paid close attention to the flagship cryptocurrency BTC once more as a result of the Grayscale fund’s recent legal triumph over the SEC regulator.
According to IntoTheBlock, the $30,000 mark will probably mark the next significant Bitcoin milestone. A stunning 6.2 million wallets purchased nearly 2.6 million Bitcoin between the current price of Bitcoin and $30,000, according to the screenshot included in the tweet. According to IntoTheBlock, these green and red “bubbles” might travel in any direction, sending the price of BTC up or down.
If market bearishness grows, it can “trigger a rush to break even,” driving up the volume of Bitcoin sales. However, should sufficient positive momentum develop, like in the conceivable event that a future Bitcoin spot ETF is approved, Bitcoin may quickly head north towards the $30,000 price level.
Elon Musk refutes rumors of “X coin” — may be win for Bitcoin
The owner of the X app, formerly known as Twitter, Elon Musk, has once more denied media reports that the company intended to develop a native token for usage on the platform.
On a tweet from “Dogecoin designer,” it was said that “X is not going to launch any X-coin.” The team is more concerned with making actual money function on the app than with creating a fictitious currency, according to Musk.
Nevertheless, Musk’s network has managed to obtain permits in at least six American states for processing cryptocurrency payments this year. The state of Rhode Island purchased the most current one on August 28.
Jeroen Blokland, an investor, tweeted on 30 August about how Twitter Payments LLC now has a licence in yet another state. He expected that bitcoin payments will be implemented by X app. “While Elon Musk might be thinking about Dogecoin, I’m thinking about Bitcoin,” he continued.
