Yesterday, Nikita Via, head of product at Company X, reverted a major algorithm change that significantly reduced impressions for posts from the Crypto Twitter (CT) community. Bitcoin price (BTC) Instantly recover 6% From $91,846 to over $97,500 by noon today.
People noticed a direct correlation.
chart display BTCPrices since Nikita Via’s “Fixed” tweet. Source: TradingView
When you enlarge the chart, BTC The January 9 date when the algorithmic punishment of X’s CTs began further strengthened that argument.
In fact, after a strong rise since the beginning of the year from $87,400, the algorithm is downgraded on January 9th. BTC The stock rose about 5% to nearly $92,000.
After Beer announced Company X’s secret efforts to deprioritize CT impressions across its platforms. BTC It quickly stalled.
The world’s largest crypto asset tumbled during the Connecticut shadowban, hitting $90,000 on several occasions. Later, as mentioned above, Bea lifted the ban and BTC It quickly rose 6% in a day and a half.
Read more: Crypto Twitter claims Nikita Bea killed X and ‘GM’
Shadowbans are gone and many other things are being added
Although this claim is interesting, correlation does not necessarily indicate causation.
Around the same time, news that President Donald Trump had blackmailed Federal Reserve Chairman Jerome Powell into lowering interest rates to boost asset prices and the collapse of Iran’s currency led to large flows into safe-haven assets against currency risks.
Gold has risen 7% in the same period since the beginning of the year. The market cap is much larger: $32 trillion versus $2 trillion. BTC — which may explain some of it. BTC10% rebound.
Similarly, silver rose 19%, further supporting the sector-wide indiscriminate rally in fiat alternatives.
Additionally, spot BTC ETF fund inflows were particularly strong over the past two business days, adding more than $860 million. Michael Saylor Strategy also announced a $1.2 billion acquisition on Monday to help rally restart.
Various analysts also announce bullish outlooks BTC Price predictions and positive political news continue to drive speculative allocation.
It’s an exciting time to reopen, BTCThe rise coincides neatly with the algorithmic reversal of
