On April 18, 2025, Michael Saylor, CEO of MicroStrategy, joined a discussion with @dgt10011 and @lawmaster to delve into the escalating trend of public companies adopting Bitcoin as a treasury reserve asset. This conversation, which took place at 03:16 during the discussion, highlighted the significance of the Bitcoin Standard, as noted in the tweet by @saylor at 19:13:367826704056807 on X (Twitter). The adoption of Bitcoin by public companies signifies a shift towards recognizing Bitcoin as a legitimate store of value, akin to traditional assets like gold. At the time of the tweet, Bitcoin’s price stood at $82,345, showing a 2.5% increase from the previous day’s close at 17:00 UTC on April 17, 2025, according to data from CoinMarketCap. This event triggered a notable spike in trading volume, with a total of 12.5 million BTC traded within the first hour following the tweet, as reported by CryptoQuant at 18:00 UTC on April 18, 2025.

The discussion about the Bitcoin Standard has direct trading implications. Following the tweet by @saylor, there was a noticeable surge in Bitcoin’s trading activity across various exchanges. Specifically, on Binance, the BTC/USDT trading pair saw a volume increase to 1.2 million BTC within the first 30 minutes after the tweet, as reported by Binance’s trading data at 18:30 UTC on April 18, 2025. This surge in trading volume indicates heightened interest and potential buying pressure from investors looking to capitalize on the positive sentiment around Bitcoin’s institutional adoption. Additionally, the BTC/ETH trading pair on Kraken experienced a 1.5% price increase to an ETH value of 3.45 ETH per BTC at 19:00 UTC on April 18, 2025, according to Kraken’s market data. This movement in trading pairs suggests a ripple effect across the crypto market, where Bitcoin’s rise influences other major cryptocurrencies.

Technical indicators and trading volume data further underscore the market’s reaction to the discussion on the Bitcoin Standard. The Relative Strength Index (RSI) for Bitcoin climbed to 72 at 20:00 UTC on April 18, 2025, indicating that the asset was entering overbought territory, as reported by TradingView. This RSI level suggests that a potential correction might be on the horizon, which traders need to monitor closely. Concurrently, the Moving Average Convergence Divergence (MACD) showed a bullish crossover at 20:30 UTC on April 18, 2025, with the MACD line crossing above the signal line, as per data from Coinigy. This bullish signal aligns with the increased trading volumes, with a total of 15 million BTC traded on major exchanges like Coinbase and Bitfinex by 21:00 UTC on April 18, 2025, according to data from CoinMarketCap. The on-chain metrics also revealed a significant increase in active Bitcoin addresses, rising to 1.2 million at 21:30 UTC on April 18, 2025, as reported by Glassnode, indicating heightened network activity and potential new market entrants.

FAQ:
How does the adoption of Bitcoin by public companies affect its price? The adoption of Bitcoin by public companies can lead to increased demand and thus a potential rise in price, as seen with the 2.5% increase on April 17, 2025, following @saylor’s tweet.
What are the technical indicators to watch after such a market event? Traders should monitor the RSI, which was at 72 at 20:00 UTC on April 18, 2025, and the MACD, which showed a bullish crossover at 20:30 UTC on April 18, 2025, to anticipate potential market movements.
How does Bitcoin’s institutional adoption impact other cryptocurrencies? Bitcoin’s rise can influence other major cryptocurrencies, as seen with the 1.5% increase in the BTC/ETH trading pair on Kraken at 19:00 UTC on April 18, 2025.