Tag: comeback

  • Best crypto to buy now as analyst sees BTC making a strong comeback

    Best crypto to buy now as analyst sees BTC making a strong comeback

    Bitcoin Price Plummets

    • The Bitcoin Pepe presale has remained resilient, continuing to attract strong investor interest.
    • The project has raised over $15.3 million during its ongoing presale.
    • The BPEP token is currently priced at $0.0416.

    Bitcoin (BTC) dropped to a six-week low late Sunday, briefly falling below $98,500 after a US airstrike on Iranian nuclear facilities over the weekend intensified geopolitical tensions.

    Risk assets broadly came under pressure as markets reacted to the escalation.

    The sub-$100,000 level, however, proved short-lived.

    BTC rebounded during early Monday trading in Asia, recovering to around $101,841 at the time of writing.

    Bitcoin now hovers near the psychologically significant $100,000 threshold.

    A decisive close below that level could open the door to further downside, with the next target near Sunday’s intraday low of $98,200.

    Ethereum (ETH), Ripple (XRP), and other major altcoins extended last week’s losses, reflecting continued risk aversion across digital assets.

    In this volatile backdrop, investor interest in early-stage projects has not abated.

    Bitcoin Pepe, a meme-centric Layer 2 project, continues to draw strong presale inflows despite the broader market uncertainty.

    Arthur Hayes says BTC can bounce back

    Bitcoin prices fell below the $100,000 mark for the first time since early May, but BitMEX co-founder Arthur Hayes believes the dip is temporary.

    “The weakness shall pass,” Hayes posted on X, adding that Bitcoin will soon “leave no doubt as to its safe haven status.”

    He attributed the eventual rebound to continued central bank money printing, which he says will support Bitcoin’s long-term bullish trajectory.

    Bitcoin has been in a five-week consolidation phase, facing repeated resistance near the $110,000 level.

    The top cryptocurrency has failed three times to break higher, as short-term macroeconomic shocks — ranging from renewed tariff concerns in May to the ongoing Israel–Iran conflict — have weighed on sentiment.

    At the time of writing, most altcoins were in the red. Total market capitalization fell 0.8% to $3.12 trillion, according to CoinGecko data.

    Bitcoin Pepe’s strong show

    The crypto market has seen heightened volatility in recent months, characterised by sharp rallies, steep pullbacks, and shifting investor sentiment.

    Against this backdrop, the Bitcoin Pepe presale has remained resilient, continuing to attract steady capital inflows.

    The sustained interest suggests the project may be positioned to weather current market conditions, especially as Bitcoin is seen making a strong comeback.

    As the first meme-centric Layer 2 built on the Bitcoin network, Bitcoin Pepe seeks to redefine meme tokens by combining the security of Bitcoin’s base layer with scalability features typically associated with networks like Solana.

    This blend of technical infrastructure and cultural relevance differentiates it from other meme tokens that often lack functional utility.

    The development team has also released infrastructure visuals to improve transparency and build investor confidence.

    To support its Layer 2 ecosystem, Bitcoin Pepe has formed strategic partnerships with Super Meme, Catamoto, and Plena Finance.

    The project’s presale has raised over $15.3 million so far, with BPEP tokens priced at $0.0416.

    Listings on MEXC and BitMart are expected to enhance liquidity and visibility.

    Another major listing announcement is scheduled on June 30, adding further momentum as the presale approaches its close.



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  • Dog-themed NFT gaming project unveils first BRC-20 ICO amid the Bitcoin comeback

    Dog-themed NFT gaming project unveils first BRC-20 ICO amid the Bitcoin comeback

    • Analysts foresee a possible Bitcoin surge to $50,000 amid the heightened Bitcoin halving hype.
    • Bitcoin Dogs unveils $0DOG token presale, the first BRC-20 ICO on the Bitcoin blockchain.
    • $0DOG offers access to Bitcoin Dogs’ NFT collection and immersive gaming ecosystem.

    Bitcoin Dogs, a pioneering NFT gaming project leveraging the power of Bitcoin, is set to revolutionize the crypto world with the inaugural BRC-20 token ICO. This innovative venture combines elements of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to create an immersive experience for investors and enthusiasts alike.

    With Bitcoin’s recent price surge and the introduction of spot ETFs, the timing couldn’t be more auspicious for Bitcoin Dogs to make its mark.

    Bitcoin Dogs: first-ever BRC-20 blockchain ICO

    Unlike traditional presales conducted using ERC-20 tokens on the Ethereum blockchain, Bitcoin Dogs introduces $0DOG as a novel investment opportunity on the Bitcoin blockchain. This strategic move not only highlights the project’s commitment to innovation but also underscores the potential for growth and adoption within the Bitcoin ecosystem.

    At the heart of the Bitcoin Dogs project lies $0DOG, the pioneering BRC-20 token poised to disrupt the crypto market. With 900 million tokens minted, $0DOG offers investors access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi. This unique blend of utility and entertainment positions $0DOG as a frontrunner in the burgeoning world of digital assets.

    Bitcoin’s price surge and implications for Bitcoin Dogs

    Amidst Bitcoin’s recent price surge, surpassing the $45,000 mark, industry experts predict further bullish momentum, potentially pushing the cryptocurrency towards the coveted $50,000 level as the highly anticipated Bitcoin halving event draws near.

    Bitcoin price chart

     

    This upward trajectory bodes well for Bitcoin Dogs and its $0DOG token, as heightened market sentiment and growing investor interest create a conducive environment for the project’s success. With the convergence of favourable market conditions and Bitcoin Dogs’ innovative approach, the future looks promising for crypto enthusiasts.

    As Bitcoin Dogs embarks on its journey to redefine the crypto landscape, the roadmap ahead is filled with exciting milestones and opportunities.

    From the debut of the NFT collection to the launch of the immersive gaming ecosystem, Bitcoin Dogs aims to captivate audiences and establish itself as a trailblazer in the realm of decentralized finance. With $0DOG serving as the cornerstone of this ambitious venture, investors and enthusiasts alike await eagerly to witness the project’s evolution and impact on the crypto industry.

    To grab the $0DOG tokens for yourself, you can visit the official Bitcoin Dogs website and participate in the presale

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  • pattern points to a comeback

    pattern points to a comeback

    • Bitcoin price has retreated after the Fed decision.

    • The Fed decided to hike rates by 50 basis points.

    • The inverted head & shoulders pattern points to more upside.

    Bitcoin price pulled back on Thursday as the market reflected on the latest interest rate decision by the Federal Reserve. After soaring to $18,378 on Wednesday, Bitcoin retreated by 4% to $17,673. It is still substantially higher than the year-to-date low of $15,470.

    Central banks downshift

    The BTC/USD, BTC/GBP, and BTC/EUR prices declined slightly after central banks started to downshift their policies. On Wednesday, the Federal Reserve decided to hike interest rates by 0.50%, which was lower than the last four hikes of 0.75%.

    And on Thursday, other influential central banks decided to lower the size of their rate increases. In the UK, the Bank of England (BoE) decided to hike rates by 0.50%, which was lower than the previous increase of 0.75%. The same happened in the European Union, where the European Central Bank (ECB) increased by 0.50%.

    Federal Reserve decision

    Bitcoin’s main catalyst was the Fed statement. In it, the bank sounded more hawkish and hinted that it will continue hiking in 2023. Precisely, it guided that it will deliver another 0.75% hike in 2023 before hitting a pause. 

    As such, it will likely hike interest rates by 0.50% in February following another 0.25% in March. Alternatively, it could deliver three 25 basis point increases, as we wrote in this article.

    Still, I believe that the Fed was concerned about the falling bond yields and the signal they were sending. In the past few weeks, bond yields and mortgage rates have been falling. As such, the trend could spur more inflation in the coming months.

    Bitcoin also reacted to the latest outflows from key exchanges, which is a signal that many investors are afraid of the industry. This is confirmed by the fear and greed index, which has dropped to 24. Binance has seen outflows worth $5.2 billion in the past 7 days.

    Bitcoin price prediction

    BTC/USD chart by TradingView

    The 4H chart shows that the BTC price formed a bearish engulfing pattern on Wednesday. In price action analysis, this pattern is usually a bearish sign. A closer look shows that the coin formed an inverted head and shoulders pattern. The neckline of this pattern is at $17,437.

    Therefore, I suspect that Bitcoin will form a break-and-retest pattern, which is a bullish sign. If this happens, it will likely resume the bullish trend as investors digest the latest decision. A such, the coin will likely rise to a high of $19,000.

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