Bitcoin's Record Surge: What’s Fueling the Hype?

What we’ll cover today:

🪙 Bitcoin Climbing Back Up?

🚨 Crypto Scam Hits Truth Terminal.

🔥 Elon Musk Just Fired up The Crypto Crowd—Again.

1. Bitcoin Climbing Back Up?

The crypto giant just surged to nearly $71,000, sparking a wave of excitement across the market.

A massive $2.4 billion has poured into Bitcoin ETFs since January, showing big demand and confidence.

Here’s where it gets even more interesting:

• Clearer crypto regulations are on the horizon, with U.S. presidential candidates promising more supportive policies.

• Crypto-linked stocks like Coinbase and MicroStrategy have climbed, mirroring Bitcoin’s rise.

• Bitcoin ETFs such as ProShares and iShares are also up, signalling strong investor sentiment.

With technical indicators flashing green, some analysts believe Bitcoin could soon test its all-time high of $73,737.

Here’s the whole article

2. Crypto Scam Hits Truth Terminal.

That’s exactly what happened to Truth Terminal founder Andy Ayrey. 

Scammers took over his X account to promote a meme coin called Infinite Backrooms (IB). Here’s how it unfolded:

• The Hype: Using catchy phrases, scammers built hype around IB, pulling in over $600,000.

• The Dump: Once IB’s value hit $25 million, they dumped 124.6 million tokens, tanking the price and leaving investors stuck with losses.

• The Aftermath: The hackers still control Ayrey’s account, pushing a Telegram group and hinting at another coin drop.

These high-profile hacks on X are becoming alarmingly common.

Here’s the whole article.

3. Elon Musk Just Fired up The Crypto Crowd—Again.

This time, he’s flexing alongside Dogecoin’s buff Shiba Inu mascot in a meme.

DOGE fans went wild, while Bitcoin die-hards jumped in with “Bitcoin > Doge” comments.

Surprisingly, instead of a price pump, Dogecoin dipped 2%, now at $0.14236.

But Musk didn’t stop there. During a recent Q&A, he mentioned XRP, describing crypto’s role in countering centralised control.

Key highlights from Musk’s latest moves:

• DOGE Meme Flex: Musk paired his pose with a buff Dogecoin Shiba Inu, firing up the DOGE community but stirring Bitcoin fans to respond.

• XRP Mention: Musk noted crypto’s potential as a “bulwark” against centralised power, though he didn’t endorse XRP directly.

Ripple’s CEO later called XRP “no longer a niche,” signalling its growing relevance.

With DOGE, BTC, and XRP fans engaged, Musk has once again sparked big debates in the crypto world.

Here’s the whole article