https://ift.tt/AV5bOfR Food Giant McDonald’s Crypto Tweet Attracts Widespread Market Attention

• Several noted that the Bitcoin chart resembled the company’s golden arch emblem.
• On February 5, Bitcoin hit a two-week high of $41,983.

After the recent crypto market decline, most major currencies have now turned green. After reclaiming the $40k level, Bitcoin shows strong price momentum. Traders and industry players were taken aback by the sudden drop in the price of the leading cryptocurrency last week.

Thanks to a widely shared tweet from fast-food behemoth McDonald’s, the latest Bitcoin drop may have reached its lowest point. As investors fled hazardous assets, the world’s biggest cryptocurrency, Bitcoin, fell below $33,000 on January 24, the Chicago-based Corporation derided crypto speculators.

This came about due to a meme promoted by notable members of the community, notably MicroStrategy CEO Michael Saylor. After the collapse, several noted that the Bitcoin chart resembled the company’s golden arch emblem.

Crypto Adoption on a Rise by Fast Food Sector

After McDonald’s tweet went viral, cryptocurrency startups connected with the fast-food chain. The fast-food chain tweeted “wagmi buddy” in response to Binance’s photo of the Wojak meme.

Since McDonald’s tweeted the famous slogan, “we’re all gonna to make it,” the company joked that the continued market recovery is due to this. On February 5, Bitcoin hit a two-week high of $41,983. It is constantly changing hands over the $41,600 mark at this writing. Tesla CEO Elon Musk was recently teased by McDonald’s, which asked him to take Grimacecoin in return for allowing Dogecoin payments.

In addition to McDonald’s, several fast-food restaurants are courting the cryptocurrency community. According to a press release issued in 2021, Burger King and Robinhood will work together to provide rewards in several cryptocurrencies. Welly’s, a Naples-based burger eatery, has partnered with Shiba Inu to open its fast-food restaurant.