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Today’s Cryptocurrency Headline

Twitter announced that it has launched a Bitcoin-enabled tipping feature in the iOS version of its App and will roll it out to Android users in the coming weeks. In response to users’ questions about tipping in cryptocurrencies, Twitter said the Strike wallet could be used to pay for purchases through the Lightning Network, or to transfer money directly if the user showed their Bitcoin address. In addition, Twitter said it is testing the ability to display NFT, without giving details, CNBC reported.

Mobile developer Alessandro Paluzzi has leaked images of a beta version of Twitter before, which could include the ability to pay tips in Bitcoin. According to leaked information, Twitter will work with Strike, a crypto payment wallet, and the new feature will be implemented over the Bitcoin Lightning network.

Bingbon’s Bitcoin Chart

Source: TradingView& Bingbon

Long-term Bitcoin holders are setting off a new wave of hoarding by accumulating Bitcoins. According to Glassnode data, Bitcoin supply will enter a new “supply crunch” process. Bitcoin has tested the $45,000 pressure level on the rally but has no intention of establishing itself. This wave of decline caused a great blow to the bulls. The decline risk has not disappeared. The target price for this rally however is likely to be around $47,000. This position also happens to be the trend line between the long and short. If Bitcoin price breaks through the $47,000 level, it could bounce back above $50,000. Otherwise, BTC would still have a high probability of depth adjustment to $34,000.