U.Today – (BTC), the first and largest cryptocurrency by market capitalization, approached $72,000 during Tuesday's trading session, reaching intraday highs of $71,980. The largest cryptocurrency asset extended its rise since Monday's session, when its price rose from $66,057 to $71,560, its highest level since early April.
Cryptocurrency prices rose on signs of progress toward U.S. approval of exchange-traded funds that invest directly in the U.S., a departure from a more pessimistic outlook last week.
The market-moving ETF speculation is reminiscent of the investor enthusiasm that greeted comparable U.S. Bitcoin ETFs, whose debut in January fueled a rally in the largest digital asset to a record high.
In the midst of this euphoria, Michael Saylor, president of MicroStrategy, addressed X with an intriguing but compelling message: “Escape the Matrix.” This tweet comes at a time when the cryptocurrency market is witnessing an epic rally, with Bitcoin approaching its current all-time highs.
At the time of writing, BTC was up 6.28% in the last 24 hours to 6.28% and 16% in the last seven days. At current prices, Bitcoin is just 3.45% away from its all-time high of $73,350, reached in mid-March.
Literally, escaping the matrix means getting rid of all forms of outside influence to determine what you truly desire deep in your soul.
Saylor's call to “Escape the Matrix” resonates with the growing positive sentiment in the cryptocurrency market. The “matrix” could reflect previously imposed limitations, including external influences.
The price of Bitcoin has been largely influenced by macroeconomic developments in recent weeks, falling to a low of $56,903 on May 2 before recovering.
While Saylor's tweet remains subject to interpretation, “Escape the Matrix” could be more than just a slogan; could be a call to action for people who want to push the boundaries of what seems conceivable.
This article was originally published on U.Today.
