Bitcoin X Popularity Reaches New Highs in 2024 With 65% Growth

Twitter (X) had a huge Bitcoin boom in 2024. Bitcoin tweets on X rose by 65% year-over-year, with over 140 million posted.

Bitcoin is gaining popularity due to market movements and a lively investor and enthusiast community.

Major Events Sparking Interest

Bitcoin conversation peaked with major crypto events. In the first quarter, the US Securities and Exchange Commission approved spot Bitcoin ETFs after a protracted wait.

The ETF complex raised approximately $110 billion in assets quickly, surpassing Satoshi Nakamoto's. Alpha crypto gained legitimacy via institutional adoption, drawing new and old investors.


Bitcoin excitement fluctuated over time. The hype died down in February, but increased in November when Donald Trump became president, pledging America will lead cryptocurrency innovation.

Bitcoin surged above $108,000 in early December, crossing a psychological barrier.

Bitcoin has been under pressure despite the excitement. With a late December price of $95,000, it might fall after the holidays. Analysts expect a drop if important support levels are violated.

It's well known that US spot Bitcoin ETF outflows recently reached $1.5 billion. That has caused institutional investors considerable uncertainty.

That again shows crypto industry tendencies. Bitcoin survives, but its recovery depends on sustaining support above key levels.


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