Bitcoin Price Surges to $63,000 as Donald Trump Makes First BTC Purchase

Bitcoin price soared to $63,000 after former U.S. President Donald Trump made his first public Bitcoin purchase at a New York City bar.

This event, following his recent cryptocurrency venture, marks a significant moment for Bitcoin’s mainstream adoption.

Trump’s growing involvement in the Bitcoin community may influence public interest and investor confidence in the cryptocurrency, potentially driving prices higher.

Donald Trump Makes First Public Bitcoin Purchase in NYC Bar for Hamburgers

Former US President and 2024 Republican candidate Donald Trump made headlines by using Bitcoin to buy hamburgers at Pubkey, a bar in New York City. This marked the first time a former president publicly used Bitcoin for a transaction.

Just two days earlier, Trump had announced a cryptocurrency token through World Liberty Financial, a platform in which he and his family invested.

Trump’s growing connection to the Bitcoin community is notable, given his past criticism of the asset. His involvement may boost public awareness and investor confidence in Bitcoin.

Key Takeaways:

• Trump used Bitcoin to buy hamburgers in NYC.
• Previously, he announced a crypto venture.

Trump has become more allied with the bitcoin community despite his previous criticism of it. With more prominent people and organizations interacting with Bitcoin, his presence would increase the asset’s awareness among the general public and investor trust, which might drive up BTC prices.

Rari Capital Settles SEC Charges Over Unregistered DeFi Securities

Rari Capital, a decentralized finance (DeFi) platform, and its co-founders settled charges with the SEC for offering unregistered securities and operating as an unregistered broker.

The platform misled investors by claiming its Earn and Fuse pools were automated, high-yield investments, while they were actually manually managed. Hidden fees also caused investor losses.

Co-founders Jai Bhavnani, Jack Lipstone, and David Lucid accepted a two-year fine and a five-year ban from serving as officers. Rari’s successor company also settled without admitting or denying the charges.

This case highlights the SEC’s increasing focus on regulating DeFi platforms.

Key Takeaways:

• Rari Capital settles SEC charges over unregistered securities.
• Co-founders face fines and a five-year ban.
• Stricter DeFi regulations may affect the crypto market.

Billionaire Bryan Johnson Links Anti-Aging to Bitcoin’s Rejection of Inflation

Bryan Johnson, a tech entrepreneur focused on anti-aging, sees a connection between his longevity efforts and Bitcoin. Speaking at TOKEN2049, Johnson said, “Bitcoin rejects inflation, and I reject aging.”

At 47, Johnson claims to have reversed his biological age by five years through his “Don’t Die” regimen, a project he has dedicated three years to.

Johnson joins notable crypto enthusiasts like Ethereum’s Vitalik Buterin in supporting anti-aging research. His alignment of Bitcoin with innovative tech solutions could boost awareness and investor interest, potentially influencing BTC prices.

Key Takeaways:

• Bryan Johnson ties Bitcoin’s deflationary nature to his anti-aging quest.
• He claims to have reversed his biological age by five years.
• His Bitcoin advocacy could positively impact cryptocurrency interest.

Bitcoin (BTC/USD) Daily Technical Outlook – September 19, 2024

Bitcoin (BTC/USD) has surged to $62,907, breaking above key resistance levels following its recent bullish momentum. The 1.618 Fibonacci extension at $62,671 has been surpassed, suggesting further upside potential.

Immediate resistance is seen at $63,489, with subsequent targets at $64,071 and $64,812, aligning with the 2.272 and 2.618 Fibonacci levels.

BTC/USD Price Chart – Source: Tradingview

On the downside, immediate support is found at $61,923, followed by $60,879, which aligns with the 0.786 Fibonacci retracement. The 50-period EMA at $59,815 offers additional support, maintaining the bullish outlook unless breached.

The RSI at 74.41 indicates overbought conditions, signalling potential profit-taking or a brief consolidation before further upward moves. Traders should monitor a possible correction towards $61,923, but as long as Bitcoin holds above $62,671, the trend remains bullish.

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