Bitcoin price hit $ 45,000 after Twitter news

The price of Bitcoin (BTC) has been on the rise due to macro factors.

According to data from Cointelegraph Markets and TradingView, after trading between $ 43,000 and $ 44,300 on September 23, Bitcoin has reached $ 45,000 as of today.

BTC / USDT 4-hour chart. Source: TradingView

The increase in the price of BTC came after Twitter announced the integration with Strike, the payment application built on the Lightning network and that allows low-cost Bitcoin transactions. As reported, users will now be able to tip other users with cryptocurrencies such as Bitcoin.

This development has increased momentum in the cryptocurrency ecosystem. Ether (ETH), the largest altcoin, surpassed $ 3,100. The data also shows that Ether’s balance in reserves on major cryptocurrency exchanges has plummeted.

Altcoin bounce

As competition in the top-tier space heats up with projects like Terra (LUNA), Avalanche (AVAX), and Cosmos (ATOM), the market for altcoins is on the rise. Thanks to the low cost, while new users turn to altcoins, they also make a profit in terms of price.

Daily performance of the cryptocurrency market. Source: Coin360

Celer (CELR) became the highest-earning 24 hours after seeing its price jump 52 percent to hit an all-time high of $ 0.14. Celo (CELO) gained 24 percent and was trading at $ 7.80.

Other notable performances include the recovery of COTI by 23 percent, Tezos (XTZ) by 21 percent and Origin Trail (TRAC) by 20 percent.

The overall cryptocurrency market capitalization is currently $ 1.99 trillion and Bitcoin’s dominance rate is 42 percent.

Opinions and comments expressed here are solely those of the author. It may not reflect the views of Cointelegraph. All investment and trading involves risk. You should do your own research when making a decision.

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