- Bitcoin recovers to $64,851, with Michael Saylor Ronaldo proposing a “Bitcoin roundup.”
- Iggy Azalea’s Mother Iggy memecoin is gaining ground, up 15.2% in 24 hours.
After going through a challenging period where the price dropped to $60,000, Bitcoin continued to move forward [BTC] has made a remarkable recovery.
According to CoinMarketCapBTC was trading at $64,851 at the time of writing – up 3.68% in the past 24 hours.
Michael Saylor pitches BTC against Cristiano Ronaldo
In light of this revival Michael Saylorthe outspoken Bitcoin proponent and former CEO of MicroStrategy, has approached Portuguese football superstar Cristiano Ronaldo with a tempting proposal for a ‘Bitcoin collection’.
When he went to X (formerly Twitter), he noted:
“A #bitcoin collection would fit well with that watch collection.”
This proposal follows Ronaldo’s recent social media showcase of his luxury timepieces, crafted in collaboration with American jewelry brand Jacob & Co.
Saylor long-time Bitcoin enthusiasts
Saylor’s dedication to Bitcoin is not unknown.
In a recent Bloomberg interview, he even revealed his holdings of 17,732 BTC, confirming that he has not sold any coins.
In addition to his personal stakes, Saylor’s company, MicroStrategy, stands out as the largest public company holder of Bitcoin, with approximately $16 billion in assets across 252,000 coins, including more than $1.5 billion acquired in the third quarter of 2024.
In particular, a recent post from The September 24 House of Chimera post highlighted MicroStrategy’s market presence.
It showed that it has surpassed tech giants like Apple, Microsoft, NVIDIA and Amazon, further cementing its status in the crypto landscape.
Ronaldo’s crypto journey
On the other hand, Cristiano Ronaldo ventured into the crypto industry in November 2022 and launched his “CR7” NFT collection through a partnership with Binance.
Despite facing a $1 billion class action lawsuit related to Binance’s NFT offering, Ronaldo released his fourth NFT collection on the platform in May 2023.
However, with the value of the NFT market falling sharply by the end of 2023, an estimated 95% of NFTs had lost their value.
What’s behind Saylor’s pitch?
Well, Saylor has consistently promoted the leading cryptocurrency to high-profile figures.
Yet the explosive rise of celebrity-backed memecoins seems to have spurred him on even further.
Among these, Australian rapper Iggy Azalea’s Solana-based token, Mother Iggy (MOTHER), has generated a lot of attention.
Trading at $0.08926, MOTHER saw a 15.2% increase in value over the past 24 hours, with 990 million tokens currently actively circulating on the market.
However, Ethereum co-founder Vitalik Buterin has expressed frustration with the proliferation of celebrity-backed memecoins, stating:
“I’m quite dissatisfied with ‘this cycle’s celebrity experiments’ so far.”
Bitcoin current trends
Amid these conversations, Bitcoin community sentiment appears to be growing increasingly optimistic, with indicators pointing to continued market optimism according to CoinMarketCap.
Source: CoinMarketCap
As expected, the Relative Strength Index (RSI) is currently hovering above the neutral line at 60, indicating rising bullish momentum.
Furthermore, the tightening of the Bollinger Bands indicates decreasing price volatility, indicating that bullish forces may gain dominance over bearish trends in the short term.
Source: trading view
Together, these signals suggest growing confidence in Bitcoin, reinforcing positive sentiment within the community.
