Key Points
- Bitcoin’s price recovers to $64,851, with Michael Saylor proposing a “Bitcoin collection” to Cristiano Ronaldo.
- Iggy Azalea’s Mother Iggy memecoin gains traction with a 15.2% increase in 24 hours.
Bitcoin’s Price Recovery
Bitcoin [BTC] has made a significant recovery after its price dipped to $60,000. As per CoinMarketCap, BTC was trading at $64,851 — a 3.68% increase in the past 24 hours.
Michael Saylor, the former CEO of MicroStrategy and a well-known Bitcoin advocate, has proposed a “Bitcoin collection” to Portuguese football superstar Cristiano Ronaldo. Saylor’s pitch came following Ronaldo’s recent showcase of his luxurious watch collection on social media.
Saylor and Ronaldo’s Crypto Journeys
Saylor’s commitment to Bitcoin is well-known. He disclosed in a Bloomberg interview that he owns 17,732 BTC and has not sold a single coin. His company, MicroStrategy, is the largest public corporate holder of Bitcoin, with approximately $16 billion in assets including 252,000 coins.
On the other hand, Ronaldo entered the crypto industry in November 2022, launching his “CR7” NFT collection through a partnership with Binance. Despite facing a $1 billion class-action lawsuit related to Binance’s NFT offerings, Ronaldo released his fourth NFT collection with the platform in May 2023.
Celebrity-Backed Memecoins and Bitcoin Trends
Saylor has consistently promoted Bitcoin to high-profile figures. However, the rise of celebrity-backed memecoins appears to have spurred him even further. Among these, Australian rapper Iggy Azalea’s Solana-based token, Mother Iggy (MOTHER), has gained significant attention, with a 15.2% increase in value over the past 24 hours.
Amid these conversations, Bitcoin’s community sentiment appears increasingly bullish, with indicators pointing toward continued market optimism. The Relative Strength Index (RSI) currently hovers above the neutral line at 60, suggesting a rising bullish momentum. Furthermore, the tightening of the Bollinger Bands hints at decreasing price volatility, indicating that bullish forces may gain dominance over bearish trends in the near term.
