Bitcoin bulls make a run for $45K following Twitter's introduction of cryptocurrency tipping

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Bitcoin price surged to $44,800 and is now aiming for support at the $45,000 level, just days after Twitter launched a new cryptocurrency tipping service. Bullish optimism is growing across the cryptocurrency market on Sept. 23 as prices continue to recover from this week's volatility caused by regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on interest rate hikes and monetary policy, and fears that the Evergrande situation would ripple out to affect global financial markets.

According to data from Cointelegraph Markets Pro and TradingView, after trading between $43,000 and $44,300 in the early trading hours of Sept. 23, the price of Bitcoin (BTC) spiked above $44,800 in the early afternoon and is now aiming for the $45,000 resistance level. The price spike coincides with Twitter's announcement that users will now be able to tip other users using cryptocurrencies such as Bitcoin via integration with Strike, a payment application built on the Lightning network that enables low-cost Bitcoin. This development occurred as the cryptocurrency ecosystem's momentum was already building, with the top altcoin Ether (ETH) back above $3,100. Additionally, data indicate that the amount of Ether held in reserves on significant cryptocurrency exchanges has fallen to an all-time low.