- Bitcoin recovers to $64,851, with Michael Saylor proposing a “Bitcoin assortment” to Ronaldo.
- Iggy Azalea’s Mom Iggy memecoin features traction, with a 15.2% improve in 24 hours.
After experiencing a difficult interval that noticed its worth dip to $60,000, Bitcoin [BTC] has made a notable restoration.
In response to CoinMarketCap, BTC was buying and selling at $64,851 at press time — a 3.68% improve previously 24 hours.
Michael Saylor pitches BTC to Cristiano Ronaldo
In gentle of this resurgence, Michael Saylor, the outspoken Bitcoin advocate and former CEO of MicroStrategy, has approached Portuguese soccer celebrity Cristiano Ronaldo with an attractive proposal for a “Bitcoin assortment.”
Taking to X, (previously Twitter), he famous,
“A #bitcoin assortment would go effectively with that watch assortment.”
This proposal follows Ronaldo’s current social media showcase of his luxurious timepieces, crafted in collaboration with the American jewellery model Jacob & Co.
Saylor long-standing Bitcoin fans
Saylor’s dedication to Bitcoin isn’t unknown.
In a current Bloomberg interview, he even disclosed his possession of 17,732 BTC, affirming that he has not bought a single coin.
Past his private stakes, Saylor’s firm, MicroStrategy, stands out as the biggest public company holder of Bitcoin, boasting roughly $16 billion in property with 252,000 cash, together with over $1.5 billion acquired in Q3 2024.
Notably, a recent post by Home of Chimera submit on September 24 highlighted MicroStrategy’s market presence.
It confirmed that it has surpassed tech giants like Apple, Microsoft, NVIDIA, and Amazon, additional solidifying its standing within the crypto panorama.
Ronaldo’s crypto journey
However, Cristiano Ronaldo ventured into the crypto trade in November 2022, launching his “CR7” NFT assortment by a partnership with Binance.
Regardless of dealing with a $1 billion class-action lawsuit associated to Binance’s NFT choices, Ronaldo launched his fourth NFT assortment with the platform in Could 2023.
Nevertheless, with the NFT market’s worth sharply declining by late 2023, an estimated 95% of NFTs had misplaced their worth.
What’s behind Saylor’s pitch?
Effectively, Saylor has persistently promoted the main cryptocurrency to high-profile figures.
But, the explosive rise of celebrity-backed memecoins seems to have spurred him even additional.
Amongst these, Australian rapper Iggy Azalea’s Solana-based token, Mom Iggy (MOTHER), has generated vital consideration.
Buying and selling at $0.08926, MOTHER noticed a 15.2% improve in worth over the previous 24 hours, with 990 million tokens actively circulating out there in the present day.
Nevertheless, Ethereum co-founder Vitalik Buterin has voiced his frustration over the fast surge in celebrity-backed memecoins, and said,
“I’m feeling fairly sad about with ‘this cycle’s celeb experimentation’ thus far.”
Bitcoin present developments
Amidst these conversations, Bitcoin’s group sentiment seems more and more bullish, with indicators pointing towards continued market optimism as per CoinMarketCap.
Supply: CoinMarketCap
As anticipated, the Relative Energy Index (RSI) presently hovers above the impartial line at 60, suggesting a rising bullish momentum.
Moreover, the tightening of the Bollinger Bands hints at reducing worth volatility, indicating that bullish forces might achieve dominance over bearish developments within the close to time period.
Supply: Buying and selling View
Collectively, these indicators recommend rising confidence in Bitcoin, reinforcing optimistic sentiment throughout the group.
