Tag: Bitcoins

Bitcoin’s surge to $104K liquidates nearly $400M in short bets
- Bitcoin surged over 3% in 24 hours, topping $104,000 (highest since Jan 31).
- Nearly $400 million in bearish BTC short positions were liquidated in 24 hours (highest since Nov).
- The significant short squeeze suggests potential for further upside as bearish pressure eases.
Bitcoin experienced a powerful upward surge in the last 24 hours, decisively breaking above key psychological levels and catching many bearish traders off guard, leading to substantial liquidations of short positions.

The rally was underpinned by positive macroeconomic news and continued strong institutional interest in the leading cryptocurrency.

The price of Bitcoin (BTC) climbed over 3% within a 24-hour period, trading around $102,500 and at one point surpassing the $104,000 mark – its highest level since January 31.

This bullish momentum was not confined to Bitcoin; the broader cryptocurrency market also rallied significantly.

The total market capitalization of all cryptocurrencies, excluding Bitcoin, surged by an impressive 10% to reach $1.14 trillion, a peak not seen since March 6, according to data from TradingView.

Two key catalysts appear to have fueled this sharp upswing.

Firstly, President Donald Trump announced a comprehensive trade deal had been reached with the United Kingdom, a development that generally boosts risk appetite in global markets.

Secondly, cumulative inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) reportedly hit a new record high, surpassing $40 billion, signaling sustained and growing institutional demand for direct Bitcoin exposure.

Bearish bets decimated in short squeeze

This rapid and strong price appreciation triggered a significant “short squeeze,” where traders who had bet on Bitcoin’s price falling were forced to close their positions at a loss as the market moved against them.

According to data from Coinglass, nearly $400 million worth of bearish BTC short positions were liquidated over the past 24 hours.

This represents the highest single-day total for short liquidations since at least November.

A position is liquidated, or forcibly closed by an exchange, when adverse price movements cause a leveraged trader’s account balance to fall below the required margin level, preventing further losses.

In contrast, a relatively modest $22 million in bullish long positions were wiped out during the same period.

Implications of the imbalance: more upside ahead?

The substantial imbalance between short and long liquidations provides a telling insight into recent market positioning.

It indicates that leverage was heavily skewed towards the bearish side, meaning many traders were anticipating or positioned for a price decline.

The rapid unwinding of these short positions, as traders were forced to buy Bitcoin to cover their losses, likely exacerbated the upward price movement.

Market analysts often view such a significant liquidation of shorts as a potentially bullish signal for the near term.

It suggests that a considerable amount of selling pressure has been removed from the market, potentially clearing the path for further price gains as the prevailing sentiment shifts and buyers gain more control.

The combination of positive external catalysts and the internal market dynamics of a short squeeze could set the stage for continued upward momentum for Bitcoin and the broader crypto market.

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May 9, 2025
CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run?

The ongoing bull cycle has caused a notable rise in activity in the crypto market. For Bitcoin, CryptoQuant projects a $146,000 cycle high. In the meantime, the firm predicts Ethereum to follow a historical pattern in its MVRV Ratio to enter a second bull market. Despite the positivity in the top two cryptocurrencies, a growing number of investors are rushing into Rexas Finance instead. At just $0.125, many analysts believe this undervalued crypto could lead the next bull market run.

CryptoQuant Projects $146,000 for Bitcoin Cycle Peak

According to crypto-analytic outfit, CryptoQuant, Bitcoin’s price cycle could peak at around $146,000. The firm claims to get this projection from the average acquisition cost of Bitcoin across the network—the realized price valuation. With Bitcoin reaching comparable highs in 2021, the realized price has been a decent gauge of market cycle peaks. Meanwhile, several macroeconomic events, institutional adoption’s ongoing upward momentum, and Bitcoin ETF interest might drive BTC above $146,000 this cycle. It is important to note that Bitcoin’s path is rocky. Geopolitical conflicts and unfavorable legislation, among other market elements, could possibly stop Bitcoin from reaching the projected high.

BTC trades at $95,685 as of this writing, down just 2% over the previous day. Should the crypto market remain favorable, Bitcoin’s ascent might quicken, dragging Ethereum and other altcoins behind it.

Ethereum Enters ‘Second Bull Market’

According to a CryptoQuant analyst, Ethereum’s second bull market appears to be in shape. The forecasts show that at $4,000 in Q1 2024, the second bull run will be noticeably more dramatic than the first. The analyst pointed to a similar MVRV Ratio in the Ethereum price chart. During the year’s first quarter, the indicator surged to a really high level as the price surge was in progress. However, the indicator cooled back down in the bearish consolidation that followed the run, returning to the neutral 1 level.

The MVRV Ratio has once more reversed upward with the most recent increase in cryptocurrencies. Interestingly, the quant on the chart also observed this trend during the previous two bull markets. Both runs comprised two periods in which the Ethereum MVRV Ratio peaked, and a cooldown occurred in between. ETH trades at $3600 as of this writing, a 2% drop over the last day. Analysts project Ethereum may end this period above $10,000.

Rexas Finance (RXS): The Undervalued Altcoin Set to Lead the Next Bull Run

In the heart of Ethereum’s second bull market and Bitcoin’s expected rise, Rexas Finance is an undervalued cryptocurrency that could lead the next altcoin boom. By tokenizing real-world assets (RWAs), Rexas Finance is revolutionizing asset management with liquidity, global access, and fractional ownership. Rexas Finance opens up previously closed markets by turning illiquid assets like real estate, commodities, and art into digital tokens. With a few RXS tokens, a user can acquire fractional ownership of these highly valued assets from anywhere in the world, removing the high entry costs and geographic restrictions commonly seen in traditional sectors.

The project’s presale went quickly. Rexas Finance sold 290 million RXS tokens and raised $20.75 million in the first eight presale phases in three months. In Stage 9, the token price is $0.125 and predicted to rise to $0.150. With its fast presale, Rexas Finance is drawing attention. After the presale, RXS will be listed on at least three of the top 10 cryptocurrency exchanges, increasing its liquidity and market exposure. Rexas Finance’s platform offers new and existing users unique value with many features. Regardless of technical ability, anyone may construct digital tokens with the Rexas Token Builder. Rexas Launchpad fosters innovative blockchain ventures, while Rexas GenAI generates unique digital artworks using AI to make NFTs easier to develop. These technologies and Rexas Finance’s focus on security and compliance make it a user-friendly and powerful asset tokenization solution.

The Rexas Finance ecosystem encourages transparency and security. The platform’s Certik audit, which verifies smart contracts and code security, increases investor confidence. The project’s recent placement on CoinGecko and CoinMarketCap gives investors easy access to performance information and analysis, boosting its reputation. The project has huge market potential and price potential, enough to lead the next bull cycle. Real estate is worth $379.7 trillion, art and collectibles $65 billion, and financial assets $486 trillion. Rexas Finance plans to enter these massive markets by offering fractional ownership and tokenized access to these assets, giving common investors additional global market possibilities. The presale’s quick growth shows growing interest in tokenized real-world assets, and Rexas Finance is well-positioned to lead the next bull run with lower transaction costs and higher liquidity.

Conclusion

With Bitcoin forecast to reach $146,000 and Ethereum’s second bull market underway, the next major cryptocurrency rise may be imminent. By tokenizing assets, Rexas Finance is becoming a serious challenger. Its speedy presale and rapid crypto growth make it a great investment for those looking to capitalize on the next round. And what is more? Rexas Finance is running a $1 million giveaway, with the top 20 participants winning $50,000 worth of RXS. Jump on the project now to increase your chance of winning.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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December 6, 2024
Bitcoin’s journey to $120,000 could lift Solana to $624 and ignite a rally to $6.50 for this $0.125 SOL competitor

Bitcoin’s impressive climb towards $120,000 is set to create ripples across the crypto market, with Solana (SOL) projected to surge to $624 according to some analyst forecasts. Amid this rally, Rexas Finance (RXS), a rising competitor to SOL, could offer a golden opportunity for investors. Currently priced at just $0.125, RXS could be primed to ride the market wave, potentially reaching $6.50 as its innovative tokenization solutions gain traction. With its Certik audit and upcoming Tier 1 exchange listings, RXS stands out as a low-cost altcoin with massive growth potential.

Rexas Finance (RXS)

Solana (SOL) competitor Rexas Finance is the user’s gateway to the future of asset management. Rexas Finance enables users to own or tokenize digitally any real-world asset, from real estate to commodities, on a worldwide scale. With Rexas Finance, users can gain a market with endless asset investment opportunities.

Rexas Token Builder: It is normally used to tokenize their real-world assets and commodities. To make it easy for individuals to get digital ownership and offer access to the global market.

Rexas Launchpad: This feature helps the asset owners raise funds for their tokenized assets, offering liquidity and new investment options for the crypto users.

Rexas Estate: The project’s one of the most exciting features is Rexas Estate which enables crypto users to co-own the real-world assets and earn passive income in stablecoins.

Rexas GenAI & DeFi: It is mainly utilized by artists who can use Rexas GenAI to develop and tokenize digital artworks, while Rexas DeFi allows users to swap digital assets across multiple networks with ease.

Rexas Treasury: A multi-chain yield optimizer that enables users to earn compound interest on their crypto deposits, which adds one more layer of financial utility to the project.

Furthermore, Rexas Finance began the presale of the native token RXS on September 8, 2024. The total supply of RXS tokens is 1 billion. Rexas project has raised over $21.7M until now, with 90% of the 9th presale stage over. This event is important for the platform as it allows early investors to engage in what might turn into a revolutionary solution for RWA tokenization.

Rexas Finance’s $1M Giveaway is live, offering a huge chance for early adopters to join the project’s growth. With a current token price of $0.125 and a projected listing price of $0.20 indicate a good opportunity for investors. Moreover, Rexas Finance has been listed on CoinMarketCap and CoinGecko. Furthermore, Rexas Finance (RXS) has the potential to be listed on Top 3 Tier 1 exchanges. Rexas Finance’s security is validated by a rigorous audit conducted by Certik.

About Rexas Finance (RXS)

Rexas Finance is the users’ gateway to the future of asset management. Rexas allows users to own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property worldwide. With Rexas, users gain access to a world where asset liquidity and investment choices are boundless.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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December 5, 2024
Post-halving 2024 market is pushing Bitcoin’s price, not just Trump, says Onramp Bitcoin co-founder
- The last Bitcoin halving took place in April when the block reward dropped from 6.25 Bitcoin to 3.125 Bitcoin
- Jesse Myers said Bitcoin’s price needs to go higher for a “supply-demand price” balance to happen
- When that occurs, the market will “flywheel into mania and a bubble,” which happened in the 2012, 2016, and 2020 Bitcoin halving events
Donald Trump’s re-election into the White House isn’t “the main story” for Bitcoin’s recent price rally, says Onramp Bitcoin’s co-founder.

In a post on X, Jesse Myers said the main reason is that the market is at the “6+ months post-halving” mark.

Taking place every four years, the last Bitcoin halving occurred in April when the block reward dropped from 6.25 Bitcoin to 3.125. As a result, each new block becomes harder to solve with a lower reward.

A reduction in Bitcoin supply typically means an increase in the price of Bitcoin. The next Bitcoin halving is expected to occur sometime in 2028.

According to Myers, a “supply shock has accumulated,” meaning “there’s not enough supply available at current prices to satisfy demand,” adding that a “supply-demand price equilibrium must be restored.”

However, the only way Myers believes this will happen “is for the price to go higher, which will flywheel into mania and a bubble, but that’s how this thing works.”

Post-halving bubbles

Supplying a chart, Myers indicated that the market is currently at the start of the post-halving bubble. Based on his data, Bitcoin’s price will continue its upward trajectory before peaking to new highs and dropping to current levels.

Jesse Myers’ Bitcoin post-halving chart. Source: Jesse Myers

“It sounds crazy to say there will be a reliable, predictable bubble every 4 years,” said Myers. “But then, there’s never been an asset in the world where new supply creation is halved every 4 years.”

Post-halving bubbles happened in the 2012, 2016, and 2020 Bitcoin halvings, said Myers.

The recent Bitcoin price rally comes amid Trump’s re-election into the White House. Based on his campaign trail in the lead-up to election day, Trump came across as pro-crypto compared to current Vice President Kamala Harris.

Last week, Senator Cynthia Lummis also reaffirmed plans that the US is going to build a strategic Bitcoin reserve. If passed, the senator’s Bitcoin Act would propose directing the US Treasury to buy one million over the next five years.

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November 12, 2024
Peter Todd forced underground after HBO documentary names him Bitcoin’s creator
- Peter Todd said he didn’t realize the HBO documentary was trying to unveil the identity of Bitcoin’s creator, but rather go into the history of the crypto asset
- Cullen Hoback, director of the documentary, claims that Todd is blowing things out of proportion saying his life is in danger after being named Nakamoto
Peter Todd, a Bitcoin core developer, has gone into hiding over fears for his safety after an HBO documentary named him Bitcoin’s creator, Satoshi Nakamoto.

Aired earlier this month and directed by Cullen Hoback, the “Money Electric: The Bitcoin Mystery,” examined Bitcoin’s early days and some of its key figures, one of which was Todd. Another was Blockstream founder Adam Back.

During the documentary’s finale, when confronted with a question from Hoback, Todd said: “Yeah, I’m Satoshi Nakamoto.”

Ahead of the documentary’s release, Todd denied he was Satoshi. Following the documentary’s release, Todd took to social media again to deny he was Satoshi after someone called him out, writing, “I’m not Satoshi.”

No one should help to find Satoshi

In an interview with Wired, Todd indicated that he’s gone into hiding following the documentary over fears for his safety.

Harassment Todd’s faced includes receiving 25 emails over two days for someone asking him to help repay a loan.

In an email to the publication, Todd said:

“Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping.”

According to Todd, he didn’t realize the documentary was trying to uncover the mysterious creator of Bitcoin, but rather document the crypto asset’s history.

Todd added: “Not only is the question dumb, it’s dangerous. Satoshi obviously didn’t want to be found, for good reasons, and no one should help people trying to find Satoshi.”

In Hoback’s view, Todd is blowing things out of proportion and that nothing terrible has happened to other people who were believed to be Satoshi.

According to Hoback, unveiling the identity of Satoshi is a matter of public interest and “pretty important” because that person is “potentially on track to become the wealthiest on Earth.”

Hoback’s reasoning behind Todd being Bitcoin’s creator lies in a 2010 web forum post in which Todd responded to one of Satoshi’s posts. According to Hoback, Todd’s post is a continuation of Satoshi’s that was mistakenly sent from Todd’s account rather than Satoshi’s.

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October 23, 2024
Bitwise CIO: Three things are needed for Bitcoin’s “melt-up” to $80,000 in Q4
- Matt Hougan has said three factors will push Bitcoin to $80,000 by the end of 2024
- Hougan indicated that the US election is a big deal for crypto
- Altcoins could also help bolster the melt-up case for Bitcoin achieving new highs
Bitwise’s CIO has indicated three things that could see Bitcoin achieving highs of $80,000 by the end of 2024.

In a client memo, Matt Hougan said that the US election, the economy, and no negative crypto surprises are what may see a “melt-up” of Bitcoin to trade above $80,000 during the last quarter of 2024.

At the end of 2023, Bitwise predicted that Bitcoin would reach $80,000. He also indicated that spot Bitcoin exchange-traded funds (ETFs) will be approved.

In his latest memo, Hougan stood by his belief that Bitcoin will reach all-time highs. Writing about the US election, the CIO stated that while a Republican win would be good for the crypto market “given the GOP’s strong and growing advocacy for the space,” the election is “more nuanced on the Democratic side.”

He added that the Democrats have “disparate views on crypto” from Senator Elizabeth Warren’s “Anti-Crypto Army” to Representative Ritchie Torres’ deep support of the market.

“To thrive, bitcoin doesn’t need politicians,” Hougan said. “It just needs them to get out of the way. And barring a Democratic sweep of both houses of Congress and the White House, I suspect they will, with the Democrats taking a more neutral approach to the industry.”

Recent data shows that former US President Donald Trump leads the election against Vice President Kamala Harris on Polymarket, the decentralized prediction market platform.

Lack of trust

Turning to the economy, Hougan stated that the US Federal Reserve’s rate cuts by 50 basis points and China releasing two trillion yuan in economic stimulus in late September fueled the crypto rally.

Hougan added that the market expects a further 50 basis points by the end of 2024 from the Federal Reserve and additional fiscal stimulus in China.

Looking to his third point, Hougan indicated that a Bitcoin rally to $80,000 would be achieved if there are no major surprises, no lawsuits, and no locked coins entering the market. However, he noted that the crypto industry is full of surprises that have impacted the market.

“Over the past few quarters, the release of previously locked-up bitcoin from failed exchange Mt. Gox and from government coffers has contributed to keeping us range-broad,” he said.

Altcoins could help

In Hougan’s view, aside from the three factors above, a broader rally in crypto will help seal the deal of Bitcoin reaching $80,000.

“Bitcoin doesn’t need Ethereum, Solana, or novel altcoins for its long-term success,” he added. “But if we’re going to get a full-on melt-up in the short-term – say, a rip to $100,000 in just a few months – it would help to have a bit of pro-crypto sentiment sweep the market.”

While he believes those crypto “animal spirits” have been in short supply during 2024, he sees them rising in areas such as stablecoins and projects including Sui, Aptos, and Monad.

“Strong and sustained momentum in these areas would bolster the melt-up case,” Hougan said.

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October 9, 2024
Metaplanet loads more bitcoins with 42,466 BTC purchase
- Metaplanet, a Japanese firm, increases Bitcoin holdings with $2.5M purchase.
- Metaplanet now holds 203,734 BTC, acquired at $62,000 per Bitcoin on average.
- This latest acquisition brings Metaplanet’s total Bitcoin holdings to an impressive 203,734 BTC.
In a bold move amidst fluctuating cryptocurrency markets, Metaplanet, a publicly-listed investment and consulting firm based in Japan, has purchased of 42,466 BTC, equivalent to approximately $2.5 million.

The company disclosed that these bitcoins were acquired at an average price of around 10 million yen per BTC, roughly translating to $62,000 per Bitcoin.

This purchase marks a continuation of Metaplanet’s strategy to diversify its investment portfolio into digital assets despite recent price declines in the cryptocurrency market.

Metaplanet optimistic of Bitcoin’s growth prospects

Founded with a mission to explore innovative investment opportunities, Metaplanet has emerged as a prominent player in the cryptocurrency space. The firm’s strategic investments in Bitcoin reflect its commitment to staying at the forefront of financial technology and digital asset management.

Its decision to ramp up its Bitcoin holdings underscores its confidence in the long-term potential of cryptocurrencies.

Despite the average purchase price being approximately 7% higher than current market rates, the firm remains optimistic about Bitcoin’s future growth prospects.

According to industry analysts, Metaplanet’s acquisition of additional Bitcoin not only strengthens its position in the cryptocurrency market but also signals a growing trend among institutional investors towards digital assets.

Such investments are seen as a hedge against inflation and currency devaluation, particularly in the wake of global economic uncertainties.

Looking ahead, Metaplanet’s continued expansion into Bitcoin and other digital assets could pave the way for more institutional involvement in the cryptocurrency market.

With a strategic focus on long-term value creation, the firm’s investment decisions reflect confidence in Bitcoin’s ability to thrive amidst market fluctuations and regulatory developments.

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July 8, 2024
Kiyosaki questions Bitcoin’s legitimacy; this potential ‘Dogecoin Killer’ has ambitions to reach $500

Renowned investor Robert Kiyosaki, author of the mega-selling “Rich Dad Poor Dad,” has been a vocal advocate for Bitcoin for years. Recently, however, Kiyosaki’s stance seems to be wavering. While he still believes Bitcoin has potential as a hedge against inflation due to its finite supply, he’s questioning its legitimacy in a system he views as inherently corrupt.

This skepticism has investors wondering: is there a new “best cryptocurrency” on the horizon, perhaps a Dogecoin killer ready to take the top spot?

Enter Rebel Satoshi, a project with a bold vision and a unique token structure that’s generating a lot of buzz in the world of top altcoins.

Kiyosaki’s Bitcoin blues: why the doubt?

Kiyosaki’s concerns stem from his belief that traditional financial systems are a house of cards. He sees fiat currencies as “fake money” constantly being inflated by central banks.

While intended to be a decentralized alternative, Bitcoin still relies on traditional exchanges and infrastructure, which Kiyosaki views with suspicion.

This lack of complete autonomy makes him question whether Bitcoin can truly be the revolutionary force it was envisioned to be.

The rise of alternative tokens: can Rebel Satoshi disrupt the crypto landscape?

Kiyosaki’s doubts about Bitcoin have opened the door for alternative cryptocurrencies to gain traction. Rebel Satoshi stands out among these contenders with its mission to challenge the status quo and empower individuals.

Built on the secure Ethereum blockchain, Rebel Satoshi boasts a two-token system: $RBLZ and the recently launched $RECQ.

$RBLZ: the OG token fueling the rebellion

$RBLZ, the governance and membership token, is the heart of the Rebel Satoshi ecosystem. It grants holders exclusive access to features like early access to NFTs, participation in community governance, and even free merchandise.

Owning $RBLZ makes you a “Recusant,” an inner circle member with a say in the project’s future. This focus on community involvement sets Rebel Satoshi apart from many top altcoins, fostering a sense of shared ownership and purpose.

$RECQ: powering the everyday transactions of a rebellious economy

$RECQ, the utility token, is the fuel that keeps the Rebel Satoshi engine running. It’s used for everyday transactions within the ecosystem, including buying NFTs, in-game items, and merchandise. Unlike $RBLZ, $RECQ is designed to be the base currency for daily interactions, ensuring smooth operation and rewarding user engagement.

The recent launch of $RECQ’s presale has fueled excitement, with over 268 million tokens already sold in the Early Bird stage – a significant milestone for this new project aiming to be a potential best memecoin.

Rebel Satoshi vs. Dogecoin: a battle for meme coin supremacy?

While Dogecoin, the Shiba Inu-themed meme coin, captured many’s hearts (and wallets) in 2021, its future remains uncertain. It lacks the robust ecosystem and utility that Rebel Satoshi brings to the table. $RBLZ offers real governance rights and a sense of community, while $RECQ facilitates everyday transactions within the Rebel Satoshi world.

On the other hand, Dogecoin primarily relies on its meme status and celebrity endorsements, which can be fickle in the ever-evolving crypto landscape.

Dogecoin may have enjoyed a meteoric rise as the hottest memecoin, but can it compete with a project that’s building a sustainable future?

Is $500 a realistic target for Rebel Satoshi?

Whether Rebel Satoshi can reach $500 per token is a question only time can answer. The cryptocurrency market is notoriously volatile, and success hinges on a combination of strong community support, real-world use cases, and a well-defined roadmap.

However, Rebel Satoshi’s innovative token structure, focus on building a community, and its connection to the ever-popular meme coin trend position it well for potential growth.

With its sights set on becoming a top altcoin, Rebel Satoshi could be a project to watch in the ever-changing landscape of the best cryptocurrencies.

The road ahead: the future of Rebel Satoshi and $RECQ

With the presale of $RECQ exceeding expectations, Rebel Satoshi has demonstrably captured investor interest. The coming months will be crucial as the project rolls out its features and expands its user base. The success of $RECQ will be a key indicator of Rebel Satoshi’s ability to establish a thriving internal economy, separate from the traditional financial system that Kiyosaki critiques.

While the top spot amongst cryptocurrencies may seem like a distant dream, Rebel Satoshi’s unique approach offers a compelling alternative to the status quo. With a passionate community and a well-defined purpose, Rebel Satoshi has the potential to become a major player in the ever-evolving world of cryptocurrency.

For the latest updates and more information, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

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March 30, 2024
Bitcoin’s surge to $46.5k catapults Stacks and Bitbot higher
- Stacks (STX) price rose more than 20% to hit highs of $1.87 as Bitcoin hit $46.5k.
- Bitbot presale surpassed $480k and was eyeing the $500k milestone.
- Here’s what Bitcoin’s big move suggests for Bitbot, the world’s first non-custodial Telegram trading bot.
The total crypto market cap rose more than 4% to above $1.8 trillion as Bitcoin price spiked past the $46k resistance level on Friday. As the “OG crypto” hit the paces once more, Stacks edged higher amid a double digit surge. Meanwhile, a new wave continued to swell in the shape of the viral presale of crypto token Bitbot.

Stacks (STX) soars as BTC rallies to $46.5k

A new injection of volatility on Thursday saw Bitcoin’s price surge past the $45k level to reach highs of $46,500 across major crypto exchanges. As the flagship crypto pushed higher to target its fifth straight green candle on the daily time frame, Stacks price spiked more than 20% to reach highs of $1.87.

While the gains for STX came as BTC rallied amid upcoming halving sentiment, there’s also been growing adoption across the Bitcoin Layer 2 space. Stacks has seen this via Stacking DAO, which has hit a new TVL milestone of over $35 million.

In an X post, the Stacks team says this is equivalent to having more than 20 million STX tokens unlocked, “ready to fuel the Stacks DeFi ecosystem.”

Analysts have opined that the $800 billion Bitcoin ecosystem is ripe for investors to explore and Stacks could be one of the big players in this quest. As a Bitcoin L2, Stacks enables smart contracts and decentralised apps to come to Bitcoin, leveraging the benchmark blockchain platform’s security.

If Bitcoin sees the anticipated upside, STX price could benefit from its catalysts to target a new peak beyond the $3.39 reached in December 2021.

Bitbot: Bitcoin’s rally cements BITBOT presale momentum

Bitbot is the first non-custodial trading app on Telegram. It’s a huge deal in the sector given recent incidents involving Unibot and Banana Gun – two of the trading bots to see massive traction following their launch.

Other than its MPC custody technology, which is backed by Knightsafe, Bitbot offers access to several institutional-grade tools and feature. While trading, users will have assets in the cold wallets – removing that immediate risk that custodial platforms run by holding onto users’ assets.

Bitbot enhances this focus on security and user safety with its anti-MEV and anti-rug platform solutions. As a trader, you want to know that your trades are not open to MEV bots. You also want 24/7 monitoring against potential scams and rug pulls. Bitbot’s robust security approach provides for this and much more.

As for the trading tools, the gem scanner and sniping tool stand out for what a trader can achieve with them. For instance, one can quickly identify and snipe profitable trades or snap a real presale gem just in time to get the maximum alpha.

Bitbot’s utility token BITBOT offers access to these features as well as a revenue-sharing model that gives a share of all daily revenue to holders. Passive income doesn’t get better than this.

Should you buy Bitbot given the current crypto market outlook?

Crypto trading continues to evolve as the market adopts new technology features, and the use of trading bots is just one such development. Trading solutions on Telegram are also another of the key advances.

Unibot, Banana Gun and PAAL AI are some of the current top trading bots on Telegram. Early adopters of these tokens locked in massive gains. However, none offer the non-custodial feature or advanced, institutional-grade trading tools that have Bitbot standing out.

Also, from an investment point of view, traders may fancy the potential for BITBOT to explode amid its anticipated dominance and Bitcoin’s halving-driven bull rally. Investors with this outlook are finding the presale potentially more appealing – the likely reason Bitbot presale has stormed to close to $500k in amount raised in just over three weeks.

If you are wondering where you can learn more about this project, join the presale and read their whitepaper.

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February 9, 2024
2024 a significant year with Bitcoin’s 4th halving; promising outlook for Chainlink & Rebel Satoshi (RBLZ)

As the crypto world eagerly anticipates the year 2024, it holds a promise marked by a significant event – Bitcoin’s fourth halving. This phenomenon, coupled with optimistic forecasts for cryptocurrencies like Chainlink and Rebel Satoshi ($RBLZ), is poised to shape the landscape of the digital asset realm.

In this article, we delve into the potential implications of Bitcoin’s impending halving and explore the promising outlook for two noteworthy top altcoins.

Bitcoin’s fourth halving: a defining moment

Bitcoin, the pioneer of cryptocurrencies, operates on a unique economic model with a fixed supply capped at 21 million coins. The halving event, which occurs approximately every four years, involves a 50% reduction in the reward that miners receive for validating transactions.

With more than 19 million bitcoins already mined, the fourth halving will further tighten the supply, bringing the total number of bitcoins ever to be mined closer to its 21 million limit.

The halving effect on Bitcoin price

Historically, Bitcoin halving events have triggered significant price movements. While the first halving in 2012 had a negligible effect, subsequent occurrences in 2016 and 2020 witnessed substantial price surges.

As we approach the expected 2024 halving, the crypto community remains vigilant for potential market dynamics. Analysts often observe increased price volatility before and after halving events, presenting both challenges and opportunities for traders and investors.

Chainlink’s promising trajectory

Amidst the anticipation surrounding Bitcoin, top altcoins like Chainlink have been gaining attention for their unique value propositions. Chainlink, a decentralized oracle network, has established itself as a crucial player in bridging smart contracts with real-world data. The project’s versatile use cases, including decentralized finance (DeFi) applications, have contributed to its widespread adoption.

As of recent market analysis, Chainlink’s price appears to be in an accumulation phase, indicating a potential upcoming bullish trend. Technical indicators such as the Awesome Oscillator, Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) suggest a favourable environment for Chainlink’s price to experience an upward trajectory.

With key support levels and resistance zones in focus, traders are eyeing the $16.000 mark as a potential milestone for LINK.

Rebel Satoshi (RBLZ): a new player in the crypto arena

In the diverse landscape of cryptocurrencies, Rebel Satoshi (RBLZ) emerges as a notable contender, especially as it garners attention during its presale phase. Having already sold over 100 million RBLZ tokens and raised $1.5 million, the Rebel Satoshi presale is on the brink of reaching the $2 million milestone. Built on the Ethereum network, renowned for its security, Rebel Satoshi stands out as a compelling investment option.

The smart contracts governing Rebel Satoshi have undergone rigorous auditing by Source Hat, a leading auditing firm. This ensures the safety and reliability of the Rebel Satoshi ecosystem. This is one of the reasons why Rebel Satoshi is regarded as the best meme coin. As the presale progresses, investors are urged to consider the potential of Rebel Satoshi, not just as a meme coin but as a project backed by robust technology and a dedicated community.

Investment recommendation

In light of the upcoming Bitcoin halving and the promising trajectories of altcoins like Chainlink and Rebel Satoshi, investors are presented with unique opportunities. While Bitcoin’s halving may contribute to market-wide dynamics, strategic investments in altcoins with solid fundamentals can potentially yield significant returns.

As we look ahead to 2024, the crypto space continues to evolve, offering a dynamic environment for enthusiasts and investors alike. Whether one chooses to ride the waves of Bitcoin’s halving or explore the potential of innovative altcoins, staying informed and vigilant in the ever-changing crypto landscape remains paramount.

Final Thoughts

The year 2024 unfolds with the promise of being a transformative period in the crypto realm. Bitcoin’s fourth halving stands as a key event, influencing market sentiments and potential price movements. In parallel, top altcoins like Chainlink and Rebel Satoshi showcase their unique value propositions, inviting investors to explore diverse opportunities.

As the crypto journey progresses, strategic decision-making and a forward-looking approach become essential for those seeking to navigate the exciting and ever-evolving world of digital assets.

For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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January 19, 2024