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  • Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B

    Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B

    Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B
    • Michael Saylor personally holds $1 billion in Bitcoin, owning 17,732 BTC.
    • MicroStrategy holds 226,500 BTC, valued at over $12 billion, with a $37,000 average cost.
    • Saylor views Bitcoin as a superior, secure asset and advocates continuous investment.

    In a recent interview on Bloomberg Television, Michael Saylor, the Chairman of MicroStrategy, revealed he holds Bitcoin worth approximately $1 billion.

    This makes him one of the most prominent BTC holders in the world, joining the ranks of figures such as Binance Founder Changpeng Zhao, the Winklevoss Twins, and Satoshi Nakamoto.

    Michael Saylor has not sold any of his BTC holdings

    Saylor’s endorsement of Bitcoin as a capital investment asset is both passionate and unwavering. In his discussion with Bloomberg’s Sonali Basak on August 7, Saylor confirmed that he possesses a significant personal stack of Bitcoin, which he first disclosed four years ago.

    At that time, he announced owning 17,732 BTC, a figure that has only grown since.

    Despite the significant appreciation of Bitcoin’s value over the years, Saylor has not sold any of his holdings, continuously acquiring more of the cryptocurrency.

    Seeing Bitcoin as a generational wealth asset

    For Saylor, Bitcoin represents more than just a speculative investment. He describes it as a revolutionary financial tool, superior to both physical and traditional financial capital.

    According to Saylor, Bitcoin is an unparalleled asset that offers generational wealth potential for individuals, families, corporations, and even countries. His commitment to Bitcoin is rooted in its perceived stability and security, as well as its ability to preserve value over time.

    During the interview, Saylor emphasized his belief that “there is never a bad time to buy Bitcoin.” He likened Bitcoin to “cyber Manhattan,” suggesting that investing in it is akin to acquiring prime real estate in the most coveted location.

    This analogy highlights his conviction that Bitcoin, as a scarce and desirable asset, will always hold significant value, regardless of market fluctuations.

    MicroStrategy has accumulated 226,500 BTC under Saylor’s leadership

    Saylor’s investment philosophy extends beyond his personal holdings to his leadership of MicroStrategy. Under his guidance, the company has amassed a substantial Bitcoin reserve, totalling 226,500 BTC, valued at over $12 billion.

    This massive investment represents a significant portion of the company’s balance sheet. MicroStrategy’s average cost per Bitcoin stands at approximately $37,000, and the company is set to execute a 10-to-1 stock split, which could further impact its financial structure and stock performance.

    In addition to discussing his personal holdings, Saylor also addressed Bitcoin’s broader implications for corporate finance. He asserts that Bitcoin can “fix” corporate balance sheets by providing a secure and stable asset for long-term investment.

    Saylor points to Bitcoin’s immense computational and electrical power, which he argues makes it “nation state resistant” and “nuclear-hardened.” He proudly notes that the Bitcoin network consumes more electricity than the United States Navy, a testament to its robust security and resilience.

    However, Saylor’s enthusiasm for Bitcoin is not just limited to its investment potential. He views cryptocurrency as a groundbreaking technological advancement, with the power to reshape financial systems globally.

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  • Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

    Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

    Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC
    • Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring.
    • Genesis will return $3B to creditors, covering 77% of customer claims.
    • Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan.

    Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and 256,775 ETH, worth about $838 million, to various addresses.

    This substantial transfer of assets is seen as part of the company’s efforts to manage creditor repayments under its ongoing financial restructuring plan.

    Genesis Trading settlement plan has been approved

    The turmoil for Genesis began in November 2022 with the collapse of the FTX crypto exchange, which severely impacted the firm’s derivatives business.

    Genesis halted withdrawals and filed for Chapter 11 bankruptcy protection in January 2023 due to substantial losses linked to the FTX debacle and the failure of Three Arrows Capital.

    At that time, the company owed over $3.5 billion to its top creditors.

    Amidst this challenging backdrop, Genesis has recently reached a court-approved settlement plan, aimed at returning $3 billion to its customers. This plan will cover approximately 77% of the total value of customer claims.

    In the immediate aftermath of Genesis’s bankruptcy filing, claims were trading at only 35% of their value on claim trading platforms. However, current trading prices for claims are significantly higher, with claims over $10 million trading between 97-110% of their value and smaller claims trading between 74-94%.

    Digital Currency Group (DCG) to miss out on this settlement

    Digital Currency Group (DCG), the parent company of Genesis, will not benefit from this settlement. The court has ruled that there is insufficient value in Genesis’s estate to provide DCG any recovery as an equity holder.

    This decision was influenced by DCG’s failed attempt to cap customer claims at January 2023 cryptocurrency values, which would have allowed for full repayment to customers and potentially a recovery for DCG.

    Additionally, DCG had assumed $1.1 billion of Genesis’s debt from the Three Arrows Capital collapse, but this obligation did not cover the losses.

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  • Bitstamp to distribute Mt. Gox BTC from July 25

    Bitstamp to distribute Mt. Gox BTC from July 25

    • Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash as from Thursday, July 25.
    • The exchange will have a separate distribution plan for customers in the UK.

    Bitstamp announced on Wednesday that the crypto exchange had received Bitcoin (BTC) from Mt. Gox and that it would begin distribution to creditors on Thursday.

    The exchange also has Bitcoin Cash from the Mt. Gox trustee, with this coming a decade since the Bitcoin exchange collapsed following a major hacking incident. After a ten-year wait, customers of the defunct crypto exchange can now have their digital assets back.

    Bitstamp receives Mt. Gox BTC

    Bitstamp said in an announcement that it would begin the distribution process on July 25, 2024. However, it also urged customers to be patient as the process of verification continues.

    “We’re pleased to announce that we’ve received the Mt. Gox assets. We’re working diligently to distribute them to our Bitstamp customers who are Mt. Gox creditors. Please allow up to one week for security checks. We’ll inform you when the transfer is finalized,” the exchange notified users via X.

    Bitstamp has also told its users in the UK that distribution for this group will be undertaken through a separate plan.

    “Rest assured, we’ll keep you updated on the process and ensure you receive your assets as soon as possible,” its post on X reads.

    Bitcoin price holds above $66k

    Mt. Gox repayments began this month and continues to provide notable downward pressure for BTC price. A significant number of users however have not sold amid the distribution. For instance, CryptoQuant analysts pointed to the increase in BTC outflows from Kraken as the exchange distributed Mt. Gox bitcoin to its customers.

    According to analysts, this scenario could bolster Bitcoin’s potential price rebound.

    The flagship cryptocurrency currently hovers above $66k, with bulls showing strength since recovering from the recent dump to under $64k.

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  • Metaplanet loads more bitcoins with 42,466 BTC purchase

    Metaplanet loads more bitcoins with 42,466 BTC purchase

    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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  • K33 Research cautions Mt. Gox’s imminent $9B payout could impact Bitcoin (BTC)

    K33 Research cautions Mt. Gox’s imminent $9B payout could impact Bitcoin (BTC)

    Mt. Gox's imminent $9B payout could impact Bitcoin (BTC)
    • Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors.
    • The payout process could commence as early as next month.
    • All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event.

    Mt. Gox, once a major player in the cryptocurrency exchange scene, faced a devastating hack in 2014, leading to its collapse. Now, nearly a decade later, the defunct exchange is preparing to distribute a significant sum of digital assets including approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), amounting to over $9 billion in total, to creditors.

    This impending payout has prompted concerns among market observers, with K33 Research highlighting the possibility of a negative impact on the price of Bitcoin in a report released on Tuesday.

    According to the analysts, the influx of Mt. Gox coins into the market could create downward pressure on BTC valuation in the coming weeks.

    Possible implications for Bitcoin (BTC) price

    K33 Research analysts have highlighted concerns that the influx of Mt. Gox’s digital assets into the market could exert downward pressure on Bitcoin’s price in the coming weeks. While creditors may not immediately liquidate their assets, the anticipation surrounding the payout could instil caution among investors, potentially dampening market sentiment.

    Creditors recently received updates on their BTC and BCH claims, indicating that payments could commence sooner than initially anticipated. This development, coupled with the looming deadline set by Mt. Gox trustees for reimbursements, has intensified speculation within the crypto community.

    Market observers remain divided on the potential impact of Mt. Gox’s payout on Bitcoin’s price. While some believe that creditors may opt to hold onto their funds, others fear that the sheer volume of digital assets entering the market could trigger a sell-off, leading to a temporary downturn in prices.

    Despite the uncertainty surrounding Mt. Gox’s payout, the crypto market continues to show resilience in the face of external pressures. However, investors are advised to exercise caution and closely monitor developments related to the distribution process to mitigate any adverse effects on their portfolios especially according to the K33 Research analysts warning.

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  • Bitcoin (BTC) price prediction as it breaches $72k

    Bitcoin (BTC) price prediction as it breaches $72k

    • Bitcoin price forecast points to a possible $82,000.
    • Ten days remain to the much anticipated Bitcoin halving event.
    • Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge

    Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its price breaching the $72,000 mark again today.

    BTC’s price surge comes amidst a backdrop of growing optimism and speculation surrounding the future trajectory of the leading cryptocurrency as new coins like Kanagamoon come up.

    Analysts have been closely monitoring Bitcoin’s price movements, offering forecasts and insights into where it might head next.

    Bitcoin price forecast

    In recent months, Bitcoin has defied expectations, rallying from lows of $15,000 at the end of 2022 to its current highs. This remarkable price surge has sparked wild speculation among traders and investors, with some predicting that Bitcoin could be in for its biggest month ever.

    However, despite the bullish momentum, there are lingering concerns among some market participants, including Federal Reserve officials like Neel Kashkari, who have expressed worries about Bitcoin’s price volatility.

    At its current price of $72,354, Bitcoin (BTC) has more than doubled its price since the end of 2023. At first, the rally was pegged on the approval of spot Bitcoin ETFs by the U.S. SEC. The impact of the ETFs was so strong especially following the outflow of BTC from crypto exchanges as the ETFs took up much of the bitcoins from the market creating a supply crunch.

    Additionally, factors such as the upcoming Bitcoin halving event and increased institutional interest in the cryptocurrency market have also been potential catalysts for driving BTC’s price appreciation.

    But even as the BTC price appreciates, analysts have been skeptical with some pointing out that Bitcoin’s price could experience a pullback in the near term, potentially revisiting levels around $60,000 before rallying back to its recent peak of $73,777 or even higher.

    While this pattern of pre-halving dips is not uncommon in Bitcoin’s price history, and it is often followed by a continuation of the primary uptrend, it seems Bitcoin has already hit bottom in its recent pullback and is now prepared to set a new all-time high (ATH), as we enter the halving eve.

    As depicted by Thomas on X, Bitcoin’s halving event has always spurred BTC to register new highs

    According to Jelle’s Bitcoin price prediction, BTC could easily hit $82,000 if it successfully breaks through the current wedge.

    Kangamoon: SocialFi and Play-to-Earn merge

    As Bitcoin prespare for pre-halving cycle, Kangamoon is emerging as a notable project that aims to revolutionize the way users interact with memes and earn rewards.

    Kangamoon is building a vibrant community of meme enthusiasts while integrating elements of SocialFi and Play-to-Earn (P2E).

    At the heart of the Kangamoon project is its native token $KANG,which iscurrentlyin the presale stage.

    The platform offers users the opportunity to engage in various activities, including assembling champions, participating in epic battles, and betting on favorite fighters to earn $KANG tokens and exclusive rewards.

    $KANG is an ERC-20 token on the Ethereum blockchain, with a maximum supply of 1 billion tokens. Users can claim their $KANG tokens following the conclusion of the presale event, with details about the token claim process available on the Kangamoon website, social media channels, newsletter, and Telegram community.

    Kangamoon’s unique social-fi model incentivizes active participation, with users competing in weekly, monthly, and quarterly challenges to earn $KANG and other rewards.

    Kangamoon presale

    In the ongoing Kangamoon presale, the project has raised an impressive amount, totaling $4,384,434.039.

    With 15.3% of the tokens already sold, there is still 84.7% remaining for potential investors to participate in the presale event.

    The current presale stage offers a 10% bonus on all purchases, providing an attractive opportunity for early supporters to acquire $KANG tokens at a favorable price point of $0.0196 per token.

    The presale phase is a crucial step in Kangamoon’s journey, as it enables the project to secure funding and build momentum ahead of its official launch. As the project progresses through its roadmap milestones, including the development of the Kangamoon Play-to-Earn Arcade and the launch of the Kangamoon P2E website and app, investors and enthusiasts are eagerly anticipating the next stages of Kangamoon’s evolution.

    Conclusion

    Bitcoin’s price continues to capture the attention of the cryptocurrency market, with forecasts suggesting further upside potential. And at the same time, Kangamoon is carving out its niche in the industry, offering a unique blend of meme culture, social finance, and play-to-earn mechanics to create an engaging and rewarding experience for users.

    As both Bitcoin and Kangamoon navigate their respective paths, investors and enthusiasts remain vigilant, eager to seize opportunities and navigate the ever-changing landscape of the cryptocurrency market.

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  • Tether now the seventh-largest Bitcoin (BTC) holder

    Tether now the seventh-largest Bitcoin (BTC) holder

    • Tether recently committed 15% of its net profit to Bitcoin investments.
    • On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B.
    • Tether is now 7th largest holder of Bitcoin (BTC), with 75,354 BTC.

    Tether, the leading issuer of USDT, has emerged as the seventh-largest holder of Bitcoin (BTC) after a strategic acquisition of 8,888 BTC on March 31, valued at $618 million.

    The latest purchase substantially bolstered Tether’s Bitcoin holdings, bringing the total to 75,354 BTC. The acquisition, executed at an average price of $30,305 per BTC, has proven to be astute, with the market value now standing at $5.2 billion.

    CoinStats data indicates an impressive 128% increase in the value of bitcoins in the wallet that made the latest BTC acquisition, translating to an unrealized profit of $2.94 billion.

    Tether’s strategic Bitcoin acquisition

    Tether’s decision to secure a substantial amount of Bitcoin comes at a time when institutional interest in the leading cryptocurrency has surged.

    Fueled by the approval of United States spot Bitcoin ETFs and anticipation surrounding the Bitcoin halving, Tether’s move reflects a strategic response to the evolving landscape of digital assets.

    Tether’s ascent to becoming a major Bitcoin holder underscores its commitment to diversifying the backing assets of its stablecoins.

    With a declared intention to allocate 15% of its net profit towards Bitcoin investments, Tether aims to strengthen its position within the cryptocurrency market and further solidify its role as a key player in the digital asset space.

    This strategic move not only elevates Tether’s standing within the cryptocurrency community but also highlights the growing importance of Bitcoin as a core asset in institutional investment portfolios.

    As Bitcoin continues to gain traction as a store of value and an investment asset, Tether’s strategic investment strategy underscores its vision to remain at the forefront of innovation and disruption in the evolving landscape of finance and technology.

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  • Bitfarms mines less BTC in March despite expanding its mining Fleet

    Bitfarms mines less BTC in March despite expanding its mining Fleet

    • Bitfarms mined 286 BTC in March, down from 300 in February.
    • Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency.
    • Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC.

    Bitfarms Ltd. (BITF), a prominent global Bitcoin mining company, experienced a slight dip in its Bitcoin (BTC) production for the month of March 2024, despite its ongoing efforts to expand and upgrade its mining fleet.

    Bitfarms mined a total of 286 BTC in March 2024, down from the 300 BTC mined in February.

    This decline in production can be attributed to various factors, including participation in grid-stabilizing curtailment programs and power plant maintenance activities in Argentina.

    Additionally, a temporarily lower average operating EH/s and a 4.8% increase in network difficulty compared to the previous month also contributed to the decrease in BTC production.

    Bitfarms’ fleet upgrade and expansion plan

    Despite the decrease in BTC production, Bitfarms seems to be very committed to enhancing its mining capabilities.

    The company has been actively pursuing its fleet upgrade and expansion plan, aiming to reach 21 EH/s and 21w/TH in 2024.

    To achieve this goal, Bitfarms has made significant investments, including the purchase of 28,000 Bitmain T21 miners, along with additional S21 miners and S21 hydro miners.

    These acquisitions are part of Bitfarms’ strategy to improve operational efficiency and capitalize on the potential for increased mining margins amid rising Bitcoin prices.

    Current financial standing and future outlook of Bitfarms

    Bitfarms sold 284 out of the 286 BTC earned in March, generating total proceeds of $19.2 million.

    Furthermore, Bitfarms increased its BTC treasury holdings to 806, valued at $56.7 million, and held Synthetic HODL™ of 85 long-dated BTC call options, along with $66 million in cash, resulting in total liquidity of $123 million.

    Looking ahead, Bitfarms remains optimistic about its growth prospects.

    The company is set to participate in several upcoming conferences and events, including DigitalABC’s First Annual Canadian Crypto Asset and Blockchain Policy Conference and the Bitcoin Policy Summit.

    With its ongoing fleet expansion efforts and a focus on operational efficiency, Bitfarms is well-positioned to navigate the evolving cryptocurrency landscape and capitalize on opportunities in the market.

    By diligently expanding its mining fleet and adapting to market conditions, Bitfarms continues to solidify its position as a key player in the Bitcoin mining industry.

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  • Bitcoin (BTC) regains momentum just in time for the upcoming 0DOG exchange listing

    Bitcoin (BTC) regains momentum just in time for the upcoming 0DOG exchange listing

    • At press time, Bitcoin trades at $67,260 marking a 3.57% rise over the past day.
    • Bitcoin transaction volumes remain subdued despite the resurging BTC value.
    • Bitcoin Dogs await token claiming and exchange listing with bated breath.

    Bitcoin (BTC) has surged back into the spotlight, with its price hitting a high of $67,744 in the past 24 hours.

    This surge in value comes just in time for the much-anticipated exchange listing of 0DOG, the native token of Bitcoin Dogs.

    BTC price moves out of consolidation

    The recent Bitcoin price surge comes after a period of consolidation and uncertainty in the cryptocurrency markets that followed Bitcoin’s ascent to its new ATH of $73,750.07 11 days ago.

    Analysts attribute Bitcoin’s recent price surge to several key factors. One significant factor is the growing interest from institutional investors and Wall Street in spot Bitcoin ETFs listed on Nasdaq. This influx of institutional capital into the cryptocurrency markets has contributed to the upward momentum of Bitcoin’s price.

    Furthermore, the concentration of trading volume within these ETFs has led to a surge in Bitcoin’s value.

    However, despite the soaring price, on-chain transaction volumes in terms of US dollars remain subdued compared to the levels witnessed during the bull market of 2021. This discrepancy suggests a prevailing sentiment among investors to hold onto their Bitcoin, anticipating further price appreciation.

    In addition, even with Bitcoin hitting a record high of $73,750, there is a noticeable decline in economic transactions on its blockchain.

    Analysts from Blockware Solutions highlight a discrepancy between the soaring price and the muted on-chain dollar volume. Current data shows average transfer volumes to be under $200,000, a stark contrast to the 2021 bull market where figures exceeded $1 million.

    However, Blockware Solutions analysts further speculate that a significant Bitcoin price movement will precipitate an increase in on-chain volume as seasoned Bitcoin holders may begin moving assets to exchanges for sale.

    The data also shows a growing portion of Bitcoin that has remained inactive for 3 to 4 years, reflecting the confidence of long-term investors. Projections from experts suggest that Bitcoin’s price could ascend to six figures in the near term. For instance, Standard Chartered projects that it will breach $150,000 in 2024.

    Bitcoin Dogs: investors await exchange listings

    As Bitcoin jumps back into the limelight, Bitcoin Dogs, a Bitcoin-based dog-themed project, has garnered significant attention in the recent past with its unique platform where dog lovers and crypto enthusiasts come together to trade, collect, and engage in various activities within the Dogeverse.

    Central to the Bitcoin Dogs ecosystem is its native token, 0DOG. This token serves as a utility and governance token within the platform, allowing users to participate in various activities such as trading, staking, and governance decisions.

    Additionally, Bitcoin Dogs features Non-Fungible Tokens (NFTs) representing digital collectibles of virtual dogs, adding a layer of gamification and collectibility to the platform.

    The recent conclusion of the 0DOG token presale marks a significant milestone for the Bitcoin Dogs project. The presale, which lasted for a record 30 days, witnessed overwhelming participation from the cryptocurrency community, resulting in a successful fundraising effort.

    Following the presale, participants will soon be able to claim their 0DOG tokens and engage in trading activities on the platform.

    The success of the presale underscores the growing interest and confidence in the Bitcoin Dogs project, highlighting its potential for future growth and adoption.

    Investment outlook: Bitcoin vs Bitcoin Dogs

    As Bitcoin continues to regain momentum and reach new highs, investors are faced with the question of whether now is a good time to invest in Bitcoin or Bitcoin Dogs.

    Well, while past performance is not indicative of future results, the bullish sentiment surrounding Bitcoin’s price trajectory and the promising prospects of projects like Bitcoin Dogs may present attractive investment opportunities for those looking to diversify their portfolios in the cryptocurrency space.

    However, as investors navigate these exciting developments, careful consideration of market trends and project fundamentals will be essential in making informed investment decisions in the ever-changing landscape of digital assets.

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  • Altsignals (ASI), Bitcoin (BTC), Ethereum (ETH) price predictions

    Altsignals (ASI), Bitcoin (BTC), Ethereum (ETH) price predictions

    • Bitcoin (BTC) eyes $80K amid institutional FOMO & strong hodling.
    • Ethereum (ETH) bullish, targets $4,868 ATH with robust technicals.
    • AltSignals (ASI) set a new ATH at of $0.006026.

    In the fast-paced world of cryptocurrency trading, accurate price predictions are highly sought after by investors looking to make informed decisions. Today, we delve into the latest price predictions for three prominent cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and AltSignals (ASI).

    These predictions are based on a combination of market analysis, technical indicators, and industry trends.

    Bitcoin price prediction: eyes on $80,000

    Bitcoin, the pioneering cryptocurrency, is experiencing a surge in momentum, recently reaching a new peak of $72,800 on Binance.

    Analysts speculate that the price could climb even higher, potentially touching the $80,000 psychological level.

    The market is currently witnessing institutional FOMO (fear of missing out), as BTC holders show resilience, refraining from significant sell-offs.

    Technical indicators, such as the Relative Strength Index (RSI), continue to show strength despite overbought conditions. This suggests that Bitcoin might extend its upward trajectory.

    However, profit-taking could lead to a pullback, with key support levels identified at $69,000 and the supply zone between $62,278 and $65,618.

    Ethereum price prediction: expected to reclaim its ATH

    Ethereum, not to be outdone, is displaying robust performance, holding above $4,000. With an impressive 85% increase since the start of the year, ETH is poised to reclaim its all-time high of $4,868.

    The Awesome Oscillator (AO) and RSI signal strong buyer presence and rising momentum, indicating the potential for a 20% climb.

    In case of a pullback, Ethereum may find support around $3,602, providing an opportunity for traders.

    AltSignals’ ASI token and ActualizeAI ecosystem

    AltSignals is set to revolutionize the trading landscape with ActualizeAI, a groundbreaking upgrade incorporating artificial intelligence, machine learning, and natural language processing.

    The AltSignals platform aims to leverage these technologies to provide a fully automated and 24/7 trading capability, improving accuracy and risk management while offering advanced sentiment analysis support.

    The ASI token, integral to the AltSignals ecosystem, was recently been listed on Uniswap after a successful presale that raised 1.8 million. At press time, the ASI/USDT trading pair on Uniswap v3 was trading at $0.005964, 52.56% higher than its all-time low price of $0.003913 recorded on March 5, 2024.

    Although, rising at a sluggish pace, the ASI token hit an all-time high of $0.006026 on March 11, 2024, and analysts expect it to ride the current bullish market sentiment and AI hype and possibly drop a zero by April.

    Beyond trading on Uniswap, ASI holders currently have the opportunity to stake their tokens, earning rewards of up to 25% in the ongoing ASI staking program.

    As a deflationary token, ASI comes with a countdown mechanism, providing access to evolving ActualizeAI trading products and contributing to increased token value.

    ActualizeAI introduces an AI Members Club, rewarding participants with ASI tokens for contributions to product development, backtesting, feedback, and ideas. It emphasizes community governance, allowing token holders to influence the project’s direction.

    What does the future hold for ASI holders?

    Looking ahead, AltSignals has outlined a transparent roadmap, ensuring the community’s involvement and maximizing value for token holders. The roadmap spans quarters, with milestones such as token presale launch, AI model development, dashboard design, burn & staking mechanisms, and partnership acquisitions.

    ActualizeAI’s roadmap includes the development of a real-time dashboard and notifications powered by a sentiment analysis engine. New AI product releases, a 2-Click onboarding design, and increased global marketing efforts are anticipated in the coming quarters.

    AltSignals’ success is underscored by its head start as an established business in 2017. 

    With a loyal community of 50,000 signal users, this predictive machine learning is poised to revolutionize trading indicators, providing a unified platform for both traditional and cryptocurrency markets.

    As AltSignals continues to capture global investor interest, the integration of ActualizeAI promises to disrupt the trading industry, providing traders with cutting-edge tools and technologies for a seamless and empowered trading experience.

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