From Investing.com: 2024-05-21 14:45:20

Bitcoin (BTC) surged towards $72,000, hitting intraday highs of $71,980 on Tuesday, following a previous increase from $66,057 to $71,560 on Monday. Crypto prices also rose amid hints of progress towards U.S. approval of ETFs investing directly in Bitcoin. Michael Saylor’s tweet to “Escape the Matrix” coincided with Bitcoin’s rally, now nearing its all-time high.

BTC is up 6.28% in the last 24 hours and 16% in the past week, just 3.45% away from its all-time high of $73,350. Saylor’s call to “Escape the Matrix” resonates with the positive sentiment in the crypto market and could signify pushing boundaries beyond conventional limits. Bitcoin’s price has been influenced by macroeconomic factors, dropping to $56,903 on May 2 before recovering.

Read more at Investing.com: MicroStrategy’s Michael Saylor Reacts as Bitcoin (BTC) Price Hits $71,000 By U.Today