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  • BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one

    BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one

    • Bitcoin hit a record of more than $94,000 following the launch of options contracts on BlackRock’s IBIT
    • 289,000 contracts were Calls and 65,000 were Puts, meaning investors were bullish on a Bitcoin price rise
    • Joe Constori said the market is bullish that Bitcoin’s price will reach $100,000 by the end of 2024

    Options contracts on BlackRock’s iShares Bitcoin Trust (IBIT) saw “unheard-of” notional exposure levels, helping push Bitcoin to a record of over $94,000.

    Taking to X, Bloomberg ETF analyst James Seyffart, said:

    “Final tally of $IBIT’s 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That’s a ratio of 4.4:1. These options were almost certainly part of the move to the new #Bitcoin all time highs today.”

    Buying calls is bullish as investors only profit if the price of Bitcoin goes up. With the new options contract, investors can speculate on price movements by trading shares at predetermined prices.

    Joe Constori, head of growth at Theya and institutional lead at the Bitcoin Layer, said on X that “TLDR; the market is bullish that Bitcoin’s price ends the year well over $100k.”

    Bloomberg’s senior ETF analyst Eric Balchunas added:

    “$1.9b is unheard of for Day One. For context, $BITO did $363m and that’s been around for four years. And also this is with 25,000 contract position limits.”

    Increasing institutional interest

    The launch of BlackRock’s options contracts comes as institutional interest in Bitcoin rises. With the IBIT options, investors can gain exposure to new avenues of investment while managing their risk through the call and put options without owning the underlying asset.

    In January, the US Securities and Exchange Commission (SEC) approved the first 11 spot Bitcoin exchange-traded fund (ETFs). Since then, the market has grown with BlackRock leading the way.

    At the end of October, BlackRock’s IBIT reached $30 billion in net assets in a record 293 days. Two weeks later, it reached $40 billion in net assets in 211 days, showcasing rising interest in crypto investments.

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  • Bitcoin Dogs presale crosses $11.2 million a day to its end

    Bitcoin Dogs presale crosses $11.2 million a day to its end

    • Bitcoin Dogs presale exceeds $11.2M in 28 days, poised for Tier 1 exchange listings.
    • The project merges crypto and canine culture, offering Dogeverse for engagement.
    • Bitcoin Dogs’ success comes amid BTC’s price surge and Elon Musk’s Dogecoin endorsement.

    Bitcoin Dogs, a pioneering project at the intersection of cryptocurrency and canine culture, has seen its presale soar past $11.2 million in just 28 days.

    With its presale set to conclude imminently, the project is making waves in the crypto community, attracting both investors and enthusiasts alike.

    Bitcoin Dogs: where crypto meets canine craze

    Bitcoin Dogs isn’t just another cryptocurrency project; it’s a vibrant ecosystem where dog lovers and crypto fanatics converge to trade, collect, and engage in a myriad of dog-themed activities.

    Positioned as the ultimate mashup of crypto and man’s best friend, Bitcoin Dogs offers a playground where fun is mandatory, and rewards are plentiful.

    At the heart of Bitcoin Dogs lies the Dogeverse, a virtual realm where every interaction is an opportunity for growth and engagement. With features like NFTs, social contests, and PvP challenges, the Dogeverse promises endless entertainment for its users.

    The project’s roadmap outlines ambitious plans for expansion, including the introduction of NFTs, game launches, and partnerships with Play-to-Earn platforms.

    As Bitcoin Dogs continues to evolve, it aims to solidify its position as a leader in the burgeoning Game-Fi space, where gaming meets decentralized finance.

    Bitcoin Dogs presale: riding the wave of crypto frenzy

    Bitcoin Dogs’ successful presale has garnered attention from investors worldwide, with contributions surpassing $11.2 million and counting. This remarkable feat underscores the project’s appeal and potential within the crypto community.

    The timing of Bitcoin Dogs’ presale couldn’t be better, coinciding with a surge in interest surrounding Bitcoin.

    With BTC’s price surpassing $73,000 and mainstream adoption on the rise, investors are looking for alternative ways to capitalize on the crypto boom. Bitcoin Dogs offers precisely that, providing a unique avenue for investment and engagement.

    Moreover, Bitcoin Dogs is part of a broader trend of dog-themed meme coins gaining traction in the market. Projects like dogwifhat (WIF) and Dogecoin (DOGE) have captured the imagination of investors, with the latter recently receiving an endorsement from none other than Elon Musk, who hinted at the possibility of accepting Dogecoin as a payment option for Tesla.

    Looking ahead: Tier 1 exchange listings and beyond

    As Bitcoin Dogs’ presale draws to a close, anticipation is building for its next phase of development. With funds raised during the presale, the project is poised to accelerate its growth and expand its reach.

    One significant milestone on the horizon is the listing of $0DOG tokens on Tier 1 crypto exchanges, which will provide liquidity and accessibility to a broader audience of investors.

    Conclusion

    Bitcoin Dogs’ presale success is a testament to the growing appetite for innovation and creativity in the crypto space.

    By tapping into the timeless appeal of dogs and combining it with the excitement of blockchain technology, Bitcoin Dogs has carved out a niche for itself in the ever-evolving world of cryptocurrency.

    As it continues to make strides in its journey, Bitcoin Dogs is poised to make a lasting paw print on the crypto landscape.

    To own your own 0DOG tokens and be part of the Bitcoin Dogs community, it is not too late to visit the Bitcoin Dogs official website and purchase a share of the tokens at $0.0404 in the final stage before the presale comes to an end.

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  • Pangolin (PNG) price prediction after 234% surge in a day amid Bitcoin Dogs frenzy

    Pangolin (PNG) price prediction after 234% surge in a day amid Bitcoin Dogs frenzy

    • Pangolin (PNG) surged 234% in 24 hours, hitting $0.31.
    • Technical indicators hint at short-term correction, but bullish momentum persists.
    • Bitcoin Dogs presale raises $4,241 in slightly over a week.

    Pangolin (PNG), the native governance token of the Pangolin DEX, has experienced an unprecedented surge, catapulting to multi-month highs amidst a frenzy surrounding a new canine-themed NFT project called Bitcoin Dogs that’s conducting the first of its kind ICO on the Bitcoin blockchain.

    The PNG token soared by an astonishing 234% in just 24 hours, reaching highs of $0.31 as trading volume skyrocketed by a staggering 5500% as we had highlighted in our earlier news coverage.

    Pangolin (PNG) price chart

     

    Pangolin (PNG) price: a thrilling rally

    Pangolin’s remarkable price surge marks a significant milestone for the multi-chain DEX platform, which has been gaining traction amidst the backdrop of Bitcoin’s battle to maintain the $50,000 level. The surge in PNG price is a testament to the growing enthusiasm among investors for decentralized finance (DeFi) projects, particularly those driven by community initiatives.

    Pangolin’s native token, PNG, has not only seen an extraordinary uptick in price but also in its trading volume. Within a day, the 24-hour trading volume catapulted by an astonishing 5500%, soaring to over $4.7 million. This surge propelled the Pangolin market cap to over $54 million, doubling within a mere 24 hours.

    PNG, being 100% distributed to the community without team, advisor, or investor allocations, has attracted a wave of interest, resulting in a substantial increase in daily trading volume.

    The recent price explosion for PNG is a departure from its struggles to breach the $0.12 mark since December. It indicates a renewed activity and optimism within the community-driven project, which has been further fueled by a new team taking the reins and outlining an ambitious roadmap for Pangolin’s comeback.

    Pangolin price prediction

    As PNG continues its upward trajectory, investors eagerly anticipate its future movements. Technical indicators on the 4-hour chart suggest a potential correction in the short term, with the Relative Strength Index (RSI) indicating a cooling of buying pressure. However, the RSI line remains comfortably above its Simple Moving Average (SMA) line, suggesting that buyers still hold strength, leaving room for further upward movement.

    Should PNG manage to close the daily candle above the $0.19895 resistance level, it may establish a strong foundation for continued growth in the following 72 hours. Analysts predict that the Pangolin price could go as high as $0.4 by the end of next week if the token maintains the current bullish momentum.

    However, failure to overcome this resistance level could lead to a retracement towards the immediate support at $0.13500, potentially pushing the price back into a previous sideways channel.

    Bitcoin Dogs frenzy and 0DOG presale

    Amidst the excitement surrounding Pangolin’s surge, the crypto community finds itself captivated by the allure of Bitcoin Dogs, an innovative project at the forefront of the blockchain revolution. Bitcoin Dogs offers a unique blend of crypto and canine companionship, where dog lovers and crypto enthusiasts converge to trade, collect, and engage in a barking-good time.

    At the heart of the Bitcoin Dogs ecosystem lies the Dogaverse, a virtual playground where users can immerse themselves in a world of playful interactions and rewarding opportunities. The 10k Ordinals NFT Club adds an extra layer of excitement, allowing users to collect and trade unique digital assets within the Dogaverse.

    Currently, Bitcoin Dogs is hosting the 0DOG presale, the first-ever ICO on the Bitcoin blockchain. With prices climbing every 3 days, early adopters have the opportunity to secure their piece of the Bitcoin Dog pie at a favourable rate. The presale has already raised a staggering $4,241,493.33, with investors eagerly anticipating the next stage price of $0.0251.

    To participate in the Bitcoin Dogs ICO, visit the Bitcoin Dogs website to purchase a share of the 810 million 0DOG tokens available for the presale.

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