On the previous day, Nikita Bier, who leads product development at X, reinstated a significant algorithm modification that had drastically reduced visibility for posts from the Crypto Twitter (CT) community. Following this change, Bitcoin’s price (BTC) surged by 6%, climbing from $91,846 to over $97,500 by midday today.
The immediate connection was hard to miss.
Chart illustrating BTC’s price trajectory following Nikita Bier’s tweet declaring “it’s fixed.” Source: TradingView
When we look back at the chart of BTC since January 9—the date when X initiated its algorithmic penalties against CT—the correlation becomes even clearer.
Indeed, prior to the January 9 downgrade in algorithms that affected CT visibility, BTC had already experienced a robust year-to-date increase from $87,400 and had risen about 5% to nearly $92,000.
The rally came to an abrupt halt after Bier disclosed a covert initiative aimed at reducing CT impressions on the platform. Consequently, BTC dipped below $90K multiple times during this shadow ban period. However, once Bier lifted this restriction as mentioned earlier, BTC swiftly rebounded with a remarkable 6% gain within just one and a half days.
Read more: Crypto Twitter claims Nikita Bier has ruined X — and ‘gm’
No More Shadow Ban Alongside Other Influencing Factors
While it’s entertaining to consider these allegations seriously linking events together; it is crucial to remember that correlation does not imply causation.
Diverse news events during this timeframe—such as Donald Trump allegedly pressuring Fed Chair Jerome Powell into lowering interest rates for asset price boosts and Iran’s currency crisis—have led many investors toward safe-haven assets amid currency uncertainties.
This year alone has seen gold rise by 7%. Given its much larger market capitalization of approximately $32 trillion compared to Bitcoin’s roughly $2 trillion valuation, BTC ‘s recent rally could be partially attributed to these dynamics in traditional markets.
Similarly , silver prices have surged by an impressive 19%, further indicating widespread enthusiasm for alternative fiat investments across various sectors.
Additionally , inflows into spot . ETFs have been notably strong over the last two trading sessions , totaling more than$860 million . Michael Saylor ’ s Strategy also announced on Monday their acquisition of$1.2 billion worth of assets aimed at reigniting momentum in prices.
Numerous analysts are publishing optimistic forecasts regarding BTC ‘ s Price , And Favorable Political Developments Continue To Drive Speculative Investments In The Market.
Although The Timing Of This Resurgence In The Value Of BTC Aligns Perfectly With The Reversal Of X ‘ S Algorithmic Policy , A Broader Trend Towards Currency Alternatives Combined With ETF Inflows And Political Factors Adds Depth To Social Media ‘ S Lighthearted Shadow Ban Narrative.