Bitcoin (BTC), the most prominent and widely recognized virtual currency, maintained its bullish momentum, surpassing $68,000 early this morning and reaching an intra-day high of $68,418. This surge has sparked renewed interest in Bitcoin price predictions, with analysts closely monitoring the driving factors behind this rally.

A significant catalyst was Elon Musk’s recent change of his X profile picture to the Bitcoin-related laser eyes symbol, triggering widespread speculation about his renewed interest in Bitcoin.

Additionally, Joe Biden’s withdrawal from the US Presidential race has increased the likelihood of pro-crypto candidate Donald Trump winning the election, further boosting market sentiment and contributing to Bitcoin’s rise.

Musk’s Profile Update and Conference Arrival Fuel Bitcoin Speculation

Recently, Musk updated his X profile picture to feature laser eyes, a popular Bitcoin symbol, sparking significant buzz in the crypto community.

This change coincides with Musk’s arrival in Tennessee aboard his private jet, raising speculation that he might attend the 2024 Bitcoin Conference in Nashville on July 25. The timing of his arrival and profile update has fueled rumors about his possible appearance, especially since his previous profile change coincided with Bitcoin’s all-time high earlier this year.