Bitcoin Trades Above $28,000 as Joe Rogan Discusses Its Potential as a Universal Currency
Over the weekend, Bitcoin (BTC) maintained its trading position around $28,000, with traders reacting to comments made by Joe Rogan on his podcast. During a conversation with Sam Altman, the founder of OpenAI, Rogan stated that Bitcoin had the potential to become a “universal viable currency.” Following these remarks, BTC/USD reached a peak of $28,252.54, after hitting a low of $27,215.55 the previous day. The breakout of the relative strength index (RSI) above 61.00 suggests that if the index reaches 65.00, Bitcoin could trade above $28,500.
Ethereum Makes Marginal Gains Despite Not Being Praised by Rogan
While Ethereum (ETH) did not receive the same praise from Joe Rogan, it still experienced marginal gains at the start of the weekend. After reaching a low of $1,613.38 on Friday, ETH/USD climbed to an intraday high of $1,659.61 before settling at $1,641.61. The 14-day RSI for Ethereum is currently near a resistance level of 50.00 and has yet to break out of this zone. However, if it does break out in the next few hours, Ethereum bulls may attempt to push it towards the $1,700 level.
Hot Take: Bitcoin’s Potential as a Universal Viable Currency
Bitcoin traded above $28,000 to start the weekend after Joe Rogan commented on its potential as a “universal viable currency.” This endorsement from a popular podcast host could contribute to increased adoption and interest in Bitcoin as a mainstream form of payment and store of value. As Bitcoin continues to gain momentum and attract attention from influential figures, its value and significance in the financial world are likely to increase. Whether or not Bitcoin achieves universal viability remains to be seen, but Rogan’s comments highlight the growing acceptance and recognition of cryptocurrency as a legitimate asset class.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.