After $68K level Bitcoin ready to hit $88.5k Amid Speculation of Elon Musk’s Possible Appearance at Upcoming Bitcoin Conference!
Elon Musk hinted that he will appear at the major Bitcoin event “Bitcoin Conference.” This news acted as a catalyst, sharply pumping the trade price of Bitcoin & other flagship crypto assets.
In the latest developments, Elon Musk, the richest person on the planet and popular in the crypto space for his advocacy of Dogecoin (DOGE) and other top crypto assets, changed his X (formerly Twitter) profile picture.
In the new profile picture, he added blue-coloured laser lights on his eyes, sparking speculation among Bitcoin and crypto enthusiasts.
In the last 24 hours, Musk tweeted and retweeted multiple posts on X. Notably, his social media activity was inclined toward current U.S. politics ahead of the 2024 presidential election.
Fox Business reporter Eleanor Terrett, who specialises in cryptocurrency related news reporting, shared that Elon Musk is likely attending the Bitcoin conference. This information was also confirmed by an Instagram account that tracks Musk’s private jet.
US politics & Crypto
With Biden dropping out of the presidential race and the former U.S. president Donald Trump gaining support for his pro-Bitcoin stance, the crypto market is receiving significant political backing. This favourable environment aligns with the news that Elon Musk is likely attending the Bitcoin conference.
Bitcoin price action
Bitcoin is currently trading at $68,000, an 11.29% increase over the last 7 days. The steady rise in Bitcoin’s price suggests it might soon break its all-time high. This surge coincides with multiple positive crypto news.
A popular Bitcoin price analyst speculated that Bitcoin could surge to $88.5k, driven by rising bullish sentiments.
