Tag: slips

Altcoins today: Perpetual tokens shed over $2B as ETH slips under $3.5K
- Alts suffered a bloodbath on Tuesday as Ethereum surrendered a key level.
- Perpetual tokens lost over $2B amid broader sell-offs.
- New US sanctions on North Korea fuel fears of stiffer crypto regulations.
Digital assets saw another dip today, as Bitcoin fell to $102,425 after losing nearly 4% of its value over the past 24 hours.

Altcoins extended their declines as Ethereum plummeted by over 6% to $3,401.

The global cryptocurrency market lost 3% the previous day to $3.43 trillion.

Amidst the broader bloodbath, tokens linked to perpetual decentralized exchanges appeared to suffer the most.

According to Coingecko data, the value of perp tokens reduced from $18.511 billion to $16.381 billion in the last 24 hours.

That’s a roughly 13% dip, reflecting significant bearishness within a sector that many anticipate to shape the next stage of crypto evolution.

Top tokens in the category, including ASTER, HYPE, and JUP, have lost more than 10% of their value within the past day.

Perpetual tokens exhibit heavy selling pressure, signaling more downtrends before potential bounce-backs.

Sanctions stir uncertainty over regulation

The cryptocurrency market has experienced faded sentiments lately.

Various developments contribute to the current bearish mode.

For instance, the Fed Governor magnified uncertainty over December interest rates with his latest remarks on Bloomberg Surveillance.

Also, bears thrived after the DeFi platform Balancer suffered an over $100 million hack.

Further, Stream Finance’s decision to freeze withdrawals and subsequent de-peg of its stablecoin added fuel to the fire.

The US Treasury Department crashed the struggling market after announcing new sanctions targeting North Korean crypto activities.

The Office of Foreign Assets Control confirmed sanctions against entities and individuals involved in information technology worker fraud and crypto-associated crime used to fund North Korea’s missile programs.

The post detailed:

Over the past three years, North Korea-affiliated cybercriminals have stolen over $3 billion in cryptocurrency. Often using sophisticated techniques such as advanced malware and social engineering.

Today, Treasury’s Office of Foreign Assets Control took decisive sanctions action against North Korean cybercrime and IT worker fraud that the regime uses to fund its weapons of mass destruction and ballistic missile programs. Over the past three years, North Korea-affiliated…

— Treasury Department (@USTreasury) November 4, 2025

Meanwhile, the announcement triggered panic across the markets as it hinted at stiffer cryptocurrency regulations and possibly aggressive enforcement moves.

Such developments might catalyze a regulatory domino effect where DeFi projects and exchanges face intensified scrutiny.

Market players potentially began reducing exposure as the sanctions updates surfaced, accelerating the broader sell-offs.

Crypto market outlook

The cryptocurrency market displays substantial selling pressure.

Coinglass data shows liquidations surged past $1 billion over the past 24 hours.

Long positions suffered the most at $845 million, with shorts at $183 million.

Bitcoin lost the key support zone at $107,500 during the latest decline from weekly highs of above $115,300.

It looks poised for extended dips to the psychological level at $100,000 before setting a clear trajectory.

Thus, altcoins, including perpetual tokens, will likely plummet further from their current price levels before stabilizing and potentially bouncing back.

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November 4, 2025
Crypto slump worsens as Bitcoin slips amid a broad market sell-off
- The crypto market’s October slump has worsened, with a 3% drop.
- Bitcoin slipped below $110,000 and Ethereum fell below $3,900.
- The market has lost roughly $370 billion in value this month alone.
The cryptocurrency market’s brutal October slump has worsened, with a fresh 3% drop sending Bitcoin below the key $110,000 level and dragging most major altcoins deep into the red.

The broad-based drawdown is the latest chapter in one of the harshest months of the year for the digital asset space, as a potent combination of thinning institutional support, technical disruptions, and simmering macroeconomic tensions creates a powerful “risk-off” wave.

The scale of the recent carnage is immense. The market has now erased roughly $370 billion in value this month alone, with as much as $19 billion in leveraged positions being liquidated.

Futures open interest has also been decimated, with $65 billion wiped out, resetting market activity to the levels of early 2025.

Institutional support thins as ETF outflows accelerate

A key driver of the recent weakness has been a dramatic and worrying reversal in institutional sentiment.

After months of powerful inflows, spot Bitcoin ETFs have become a source of intense selling pressure, posting a staggering $1.23 billion in weekly net outflows.

This included a massive $366 million outflow on Friday alone, a move that removed a critical layer of buying support from an already fragile market.

A perfect storm: an AWS outage and a SpaceX scare

This fundamental weakness was compounded by a perfect storm of technical and psychological blows.

A major outage at Amazon Web Services (AWS) disrupted access to a number of leading crypto venues, including the US giant Coinbase and several DeFi front-ends.

The disruption widened spreads and accelerated forced liquidations, with over $240 million in long positions being wiped out in just 24 hours, a move that briefly pushed Bitcoin toward $107,500.

Market nerves were frayed further after on-chain trackers flagged a large transfer of 2,395 BTC ($268 million) from a wallet associated with SpaceX.

While analysts suggested the flows were likely internal custody reshuffles, the timing sparked a wave of “Is Musk selling?” headlines, adding another layer of fear to an already anxious market.

What to watch next as the market hangs in the balance

Technically, the market is now at a critical inflection point. Bitcoin is facing a thick layer of resistance between $112,000 and $115,500, with key support levels now sitting at $108,000 and $105,000.

A decisive daily close back above the 50-day moving average (around $113,000) is needed to stabilize the market. Failure to do so keeps the psychological $100,000 zone firmly in play and raises the risk of a much deeper bearish phase.

The near-term catalysts remain firmly in the macroeconomic arena, with the upcoming US CPI print and any fresh hints from the Federal Reserve on interest rates likely to be the next major market-moving events.

For now, a battered and bruised crypto market is left to lick its wounds and wait for the storm to pass.

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October 22, 2025
Bitcoin slips below $110,000 as analysts warn of ‘brittle’ market structure
- The crypto bull run is fraying as Bitcoin slips below $110,000.
- A massive whale sale triggered over 500 million in liquidations.
- A huge divergence: Retail is selling while institutions are buying.
The crypto bull run is fraying at the edges, its momentum faltering in the face of a profound and unsettling contradiction.

On the surface, the market is a picture of fragility and fear, with thinning liquidity, massive liquidations, and a Bitcoin price struggling to hold the line.

But beneath this chaotic veneer, a different story is unfolding: one of quiet, colossal, and strategic accumulation by the world’s financial titans.

The immediate pain is undeniable. Bitcoin is trading just below $110,000 after another failed attempt to bounce, marking a roughly 7% decline since its euphoric peak after Fed Chair Powell’s dovish speech.

Ethereum, which briefly tasted the air near 4,900, has been sharply rejected and is now battling to hold $4,300, showing clear signs of exhaustion after weeks of outperformance.

This weakness cascaded through the altcoin market on Monday, with ETH, SOL, DOGE, and others sliding 6-8%, triggering a brutal 700 million liquidation event that overwhelmingly punished long positions.

A structure of glass: the anatomy of a collapse

For many market observers, this is a textbook case of a rally running on fumes. The analytics firm Glassnode, in its latest Market Pulse, paints a grim picture of the cycle slipping from euphoria into fragility.

They point to fading spot momentum, a stunning 1 billion swing to outflows in ETFs, and realized profits collapsing back to breakeven.

This structural weakness was laid bare in a brutal weekend crash, the anatomy of which was traced by QCP Capital.

They revealed that the collapse was initiated by a single early holder unloading a massive 24,000 BTC into dangerously thin liquidity.

The sale cascaded through the market, triggering $500 million in liquidations and exposing, as QCP noted, just how brittle the system has become.

The quiet accumulators: a different breed of buyer

But this is only half the story. The Singapore-based market maker Enflux argues that a myopic focus on the retail washout misses the bigger picture. Not all flows, they contend, are created equal.

While leveraged retail traders were being blown out, a different kind of player was making its move.

Enflux points to a staggering $2.55 billion ETH stake routed through a single contract and the UAE royal family’s 700 million BTC exposure via Citadel Mining.

These are not speculative punts; they are the deliberate, programmatic footprints of sovereign and institutional allocators. In their analysis, these giants are intentionally “using volatility to scale into size.”

This is the great divergence: a market where the short-term conviction of the crowd is shattered, while the long-horizon conviction of the “smart money” is quietly being deployed.

A bleak September looms?

The problem, however, is that this long-term institutional buying does little to solve the immediate crisis of liquidity on the Bitcoin blockchain itself.

With transaction fees collapsing toward decade lows and blocks clearing with little congestion, the network is running quiet.

This is a critical issue for miners, who are already squeezed by the halving, and it leaves the broader market exposed and bracing for what comes next.

As September—historically Bitcoin’s weakest month—approaches, the market is on a knife’s edge.

The battle between the fragile, fleeing retail trader and the patient, accumulating giant will determine whether the next move is a painful consolidation or a much deeper, darker drawdown.

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August 26, 2025
Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure
- Bitcoin and Ether prices are falling despite positive industry news.
- A key disconnect exists between weak price action and strong fundamentals.
- Glassnode warns of market fragility and stretched leverage in the short term.
A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia.

While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat.

This growing chasm between the long-term promise and the short-term pain has left investors caught in a tense tug-of-war.

The immediate picture is painted in red. Bitcoin is down 3% in the past 24 hours, struggling to hold the line at $113,000.

Ether is suffering even more, having shed 5.6% to land at $4,100, extending a week of bruising losses across the major digital assets. This persistent pullback is happening in the face of news that would, in any other environment, be sending prices soaring.

The view from the charts: a structure of sand?

For one camp of market observers, the current weakness is a simple function of a fragile and overextended market structure.

In a recent report, the analytics firm Glassnode frames the decline as a textbook case of exhaustion: spot momentum is fading, leverage is dangerously stretched, and the pressure from profit-taking is building to a critical point.

They warn that even the massive $900 million in inflows into U.S.-listed spot ETFs last week is not enough to sustain the rally on its own.

Without a renewed wave of conviction buying in the spot markets, Glassnode argues, the market’s positioning remains acutely “vulnerable to deeper deleveraging.”

A foundation of steel

This pessimistic view, however, is far from universal. Another camp argues that fixating on the short-term price action is a classic case of missing the forest for the trees.

The Singapore-based market maker Enflux, in a note shared with CoinDesk, contends that the industry is maturing at a pace that the charts are simply failing to capture.

They see the weak price action as a temporary “disconnect” and urge traders to focus on the truly significant headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official.

These are not fleeting signals, Enflux argues; they are proof that serious capital and top-tier talent are aligning around a future that is institutional, regulated, and built to last.

The divergence in tone is telling. One side sees a house of cards, the other sees the scaffolding of a skyscraper being erected.

The shadow of the Fed

This internal conflict is being amplified by a powerful external force: the Federal Reserve.

The entire market is holding its breath ahead of the Fed’s FOMC minutes and, more importantly, Chairman Jerome Powell’s pivotal speech at the Jackson Hole symposium later this week.

With economists from institutions like Bank of America warning that Powell may argue for holding rates steady amid sticky inflation, the easy-money hopes that have buoyed risk assets are beginning to fade.

This macro uncertainty is forcing a reckoning in the crypto market, where the short-term fragility is clashing head-on with the long-term fundamental strength. The question now is which narrative will break first.

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August 20, 2025
BTC slips 1.1% to $116K as traders brace for August weakness
- Crypto markets show a split between institutional bulls and retail bears.
- Prediction markets signal a bearish end to August for Bitcoin.
- Derivatives data shows caution, with funding rates turning negative.
A profound and unsettling divide is splitting the cryptocurrency market in two as the trading day begins in East Asia.

While the world’s largest institutions are quietly building their positions for a long-term rally, a wave of short-term fear is gripping the retail and derivatives markets, creating a tense tug-of-war that is pulling prices lower.

As the morning session unfolds, Bitcoin is trading at $116,263, down 1.1% and 2% lower on the week, while ETH sits at $4,322, seeing a sharper 3.8% drop in the last 24 hours.

The broader market is feeling the pressure, with the CoinDesk 20 (CD20) index down 2.4%. This nervous price action is a direct reflection of a market caught between two powerful, opposing narratives.

A tale of two markets

On one side, the conviction of institutional players remains unshakable. The Singapore-based market maker Enflux described the dynamic perfectly in a note to CoinDesk.

“The market remains caught between strong underlying institutional conviction, highlighted by Strategy Inc.’s additional 430 BTC purchase and structural financing shift, and a lack of immediate retail follow-through,” the firm wrote.

Enflux points to asset manager VanEck’s reiterated $180,000 year-end bitcoin target as clear evidence that the market’s giants are positioning for a significant move higher.

On the other side, however, the retail-driven narratives that often fuel explosive rallies have fizzled, with potential ETFs for assets like XRP and DOGE stalled by SEC delays.

One notable exception to this trend is Solana, which Enflux noted continues to show “quiet strength,” driven by its dominance in USDC transfers and its growing share of new token issuance via platforms like PumpFun.

Whispers of warning from the derivatives market

This lack of broad participation is creating a vacuum that is being filled with caution. Prediction markets are now flashing bearish signals for the remainder of August.

On Polymarket, the odds now favor a month-end close for BTC below $111,000, with a 34% probability.

The derivatives market is telling a similar story of defensive posturing.

The analytics firm QCP reported in a recent market update that perpetual funding rates—a key indicator of trader sentiment—turned negative over the weekend, a setup that has preceded pullbacks in the past.

Furthermore, options skews now clearly favor puts (bets on a price decline) across all timeframes.

The calm before the storm: all eyes on jackson hole

The result is a market that feels structurally sound at its core but is tactically fragile and defensive on the surface.

This nervous energy is building ahead of the week’s main event: the Jackson Hole symposium, where Fed Chair Jerome Powell is expected to deliver a pivotal speech.

Traders are anxiously awaiting guidance on how the central bank will navigate higher-than-expected inflation, especially under the glare of a White House that continues to challenge its neutrality.

While the long-term foundation for a broader rally—fueled by four-year highs in crypto search interest and the promising GENIUS Act making its way through Washington—is still being laid, the immediate future appears uncertain.

For now, the conviction is concentrated among the giants, while the rest of the market holds its breath, waiting for a spark.

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August 19, 2025
Bitcoin slips below $104K on ETF outflows, decline fears mount
- Bitcoin falls below $104K amid heavy ETF outflows.
- Key resistance at $106K–$107K amid rebound attempts.
- Whale selling is on the rise as retail buys surge.
Bitcoin (BTC) has started June on the back foot, dipping below $104,000 to a low of $103,833.57 on June 2 as investors react to a fresh wave of ETF outflows and technical uncertainty.

Despite closing May with its highest monthly close ever near $105,700, the market mood has quickly shifted, driven by signs of distribution from whales and institutional sellers.

Bitcoin ETF outflows outweigh inflows

The six-week streak of inflows into US spot Bitcoin ETFs came to an abrupt end on May 30, when funds collectively recorded a staggering $616.22 million in outflows according to Coinglass data.

This reversal marks a sharp deviation from previous weeks, where ETF flows had reinforced the bullish narrative and contributed to Bitcoin’s 11% monthly gain.

BlackRock’s IBIT, the largest fund in the cohort, leads the exit with $430.82 million in withdrawals, even though it still maintains over $69 billion in assets under management.

Fidelity’s FBTC and ARK 21Shares’ ARKB follow suit with $113.71 million and $120.14 million in outflows, respectively, underscoring the broad-based nature of the sell-off.

Although the total cumulative inflows across all ETFs remain positive at $44.37 billion, the sudden withdrawal suggests that investors are now acting cautiously amid growing macroeconomic and technical risks.

Bitcoin price pullback

On the price charts, Bitcoin’s recent pullback from $109,000 to $103,833 has brought it below the 0.786 Fibonacci retracement of the rally to its all-time high of $112,000.

That dip reflected heavy profit-taking into the end of May, exacerbated by the rising influence of bearish technical patterns such as the death cross on the 4-hour chart.

During Monday’s European session, BTC briefly rebounded to $105,500 but quickly stalled near $105,800 — a zone that combines the 0.618 Fibonacci level with the 100 EMA, forming a critical confluence of resistance.

While the 20 EMA has been reclaimed, the price continues to struggle beneath the 50 EMA at $106,000, reinforcing the view that bulls face an uphill task in regaining upward momentum.

If Bitcoin fails to break through the resistance between $106,000 and $107,000, the downside pressure could intensify, possibly dragging the asset back to the recent low near $103,200.

Adding to the volatility is James Wynn, the controversial high-leverage trader who once again opened a $100 million BTC long at 40X leverage on Hyperliquid, with a liquidation price precariously close at $101,999.

Just these for now

Hoping BTC pulls lower but i don’t see it pic.twitter.com/wd9751v27t

— James Wynn (@JamesWynnReal) May 30, 2025

Wynn’s repeated attempts to go long on BTC have not only ended in substantial floating losses but have also fueled wider speculation-driven activity on the Hyperliquid platform.

After another failed attempt by the market to liquidate him, Wynn has announced that he has decided to give perp trading a break, further amplifying concerns of exaggerated leverage in the market.

I’ve decided to give perp trading a break.

Thank you @HyperliquidX for your hospitality. Your service, impeccable. Your platform exquisite.

Its been a fun ride. Approx $4m into $100m and then back down to a total account loss of $17,500,000.

The time has come for me to…

— James Wynn (@JamesWynnReal) June 2, 2025

On-chain metrics are sending diverging signals

Meanwhile, on-chain metrics show a divergence in behaviour between whales and retail traders, with large holders reducing exposure steadily since BTC crossed $81,000.

Retail participants, by contrast, are showing signs of buying the top, a dynamic that historically aligns with periods of short-term market corrections.

Santiment flagged increased whale activity around the May 22 peak, noting that similar past patterns typically signal local tops rather than sustainable breakouts.

Even though Bitcoin remains up 11% over the past month, relative strength index (RSI) signals have turned bearish, flashing clear divergence as price attempts to recover above key resistance zones.

At the same time, broader macro conditions continue to cast a shadow, with traders watching closely for signals from the Federal Reserve amid slowing job growth and cooling inflation.

The falling US Dollar Index could provide a short-term tailwind for Bitcoin, but analysts remain divided on whether current levels represent a springboard for a fresh rally or a prelude to further losses.

Data from Glassnode’s MVRV ratio shows BTC is trading between critical bands that historically precede local tops, with the +1σ level near $119,400 acting as a psychological ceiling for many profit-takers.

While some traders anticipate a bounce from the $100K support to as high as $113K, the risk of a deeper correction continues to dominate sentiment across both spot and derivative markets.

As June unfolds, all eyes will remain fixed on ETF flows, macro indicators, and whether Bitcoin can decisively reclaim the $106,000–$107,000 band to avoid slipping further into bearish territory.

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June 2, 2025
Bitcoin slips to $109K as short-term holders take $11.4B in profits
- Bitcoin slipped to $109,000 Monday amid sluggish Memorial Day trading, but remains up 1.7% in 24 hours.
- Short-term Bitcoin holders realized $11.4 billion in profits over the past 30 days, intensifying selling pressure.
- A temporary US delay on 50% EU tariffs (until July 9) spurred overnight gains in crypto and European stocks.
Bitcoin experienced a slight pullback to $109,000 on Monday, May 26th, navigating sluggish trading conditions as traditional US markets remained closed for the Memorial Day holiday.

Despite this minor dip, the premier cryptocurrency maintained a position of strength, holding onto gains from a gentle weekend rise and remaining tantalizingly close to the all-time high it achieved just last week.

While Bitcoin consolidated, the broader digital asset market saw pockets of notable activity.

The CoinDesk 20 index, which tracks the top 20 digital coins (excluding stablecoins, memecoins, and exchange tokens), highlighted decentralized exchange Uniswap (UNI) as the day’s standout performer, with its token surging 6.6%.

Tokens for Chainlink (LINK) and Avalanche (AVAX) also posted respectable gains of 3.3% and 3.4%, respectively.

These gains largely materialized overnight, receiving a boost from a shift in US trade policy rhetoric.

President Trump announced on Sunday that the implementation of proposed 50% tariffs on EU goods would be delayed until July 9.

This was a reversal from his statement on Friday, which had called for the tariffs to take effect on June 1 and had consequently triggered a sell-off in risk assets, including cryptocurrencies.

European stocks, initially shaken by the tariff threat, rebounded on this news of a temporary reprieve.

Profit-taking wave: short-term holders cash in

Despite the overall positive sentiment that has recently propelled Bitcoin near record highs, analysts suggest the cryptocurrency may have entered a more volatile, consolidatory phase. T

raders are currently digesting the rapid, nearly 50% surge from the lows seen in April, according to a Monday report from Bitfinex analysts.

A significant factor potentially capping Bitcoin’s immediate upside is an intensification of profit-taking by short-term holders.

The Bitfinex report highlighted that this particular cohort of investors has realized a substantial $11.4 billion in cumulative profits over the past 30 days.

This figure stands in stark contrast to the $1.2 billion in profits realized by the same group in the preceding 30-day period, indicating a significant ramp-up in cashing out gains.

“At these levels, the risk emerges that profit-taking outpaces new demand inflows,” the Bitfinex analysts wrote.

Unless thereʼs a corresponding rise in new capital entering the market to absorb this supply, prices may begin to stall or even retrace.

Navigating choppy waters

The coming days are seen as crucial in determining Bitcoin’s near-term trajectory.

“The next few days will be key to gauge whether the dip to $106,000 has set the range lows or a bigger reset is in the cards,” the Bitfinex report stated.

Should a more significant pullback materialize, a key level of support to monitor is the short-term holder cost basis, which currently sits around $95,000.

This represents the average price at which this group of investors acquired their Bitcoin.

Despite the potential for near-term choppiness and profit-taking, the underlying outlook remains constructive, according to the analysts.

They pointed to strong inflows into US spot Bitcoin ETFs—totaling an impressive $5.3 billion in May so far—alongside currently low market volatility and a lack of excessive speculative froth.

These factors, they argue, suggest that Bitcoin is likely to resume its upward trend heading into the third quarter of the year, following this potential period of consolidation.

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May 27, 2025
Bitcoin slips below $40k as Bitbot’s presale surpasses $300k

Key takeaways

Bitcoin’s selling pressure continues as BTC dips below $40k

Bitcoin, the world’s number one cryptocurrency by market cap, has been underperforming over the last few days. It is down by more than 20% since the spot Bitcoin exchange-traded funds (ETFs) were approved two weeks ago.

At press time, the price of Bitcoin stands at $39,761, down by roughly 1% in the last 24 hours. Despite the current bearish trend, market participants still expect the bull market to launch in full force this year.

The Bitcoin halving is barely three months away and it usually signals the beginning of a Bull Run. If the bullish cycle commences this year, Bitcoin and altcoins could record massive gains in the coming months.

What is Bitbot?

The current bearish trend in the market hasn’t put a dent in the Bitbot presale. It has been a week since the Bitbot presale began and it has already crossed an important milestone.

The rising demand for Bitbot’s token can be attributed to its unique value proposition in the market. Bitbot is a Telegram trading bot that puts the power in the hands of the user. It is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram.

Bitbot provides an innovative way of trading as it leverages Telegram’s position as one of the leading social media platforms for crypto users.

Per the development team, Bitbot will provide numerous powerful features to help traders grow their trading portfolios. The features would be institutional-grade, granting them access to world-class trading functions.

The Bitbot team comprises individuals with vast experience in various fields including traditional finance and blockchain. With Bitcoin expected to reach new highs in the coming months, trading volume will skyrocket in the crypto market if that happens.

Bitbot’s trading innovations

Bitbot is working to develop excellent trading tools for traders. With the right level of adoption, its native token could become one of the biggest winners in the bull cycle.

An exciting aspect of Bitbot is that the tool prioritises security. According to the team, Bitbot will work with Knightsafe to offer a self-custody solution. Thus, mitigating the typical risks associated with Telegram trading.

Part of the funds raised from the presale will be directed towards the development of anti-MEV and anti-rug solutions for users to protect their assets. These features would enable traders to protect themselves from bots artificially pumping transaction costs and block scam projects.

BitBot uses an ultra-flexible wallet management fuelled by non-custodial API technology. The trading tool also uses the open-source smart contract wallet to provide a way superior security level for the non-custodial solution to users.

Bitbot is working on a copy trading feature that would allow investors to copy the trades of the strongest performing wallets based on on-chain activities; predicted to be one of the most popular aspects of the product.

Bitbot raises over $300k in a week

The Bitbot presale is moving on excellently. The team has raised more than $300k a week after the presale began. The presale is currently in its second stage and the team is close to reaching the $410,000 target set for this round.

The new milestone of $300k shows that Bitbot is gaining fast adoption within the cryptocurrency space. The $BITBOT token is going for $0.0105 in the current presale round and will increase to $0.011 once the third round commences.

Per the whitepaper, 20% of tokens will be held by the Bitbot development team to fund ongoing development. 14% to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

Click here to read more about Bitbot’s upcoming presale.

Could Bitbot be a top performer in 2024?

The US SEC has already approved spot Bitcoin ETFs and the Bitcoin halving is 89 days away. These catalysts could help push Bitcoin’s price to a new all-time high this year and the broader crypto market could benefit.

The Bull Run could favour low-cap gems and Bitbot could be one of the biggest winners. Bitbot is putting in the work to become an excellent project for cryptocurrency traders.

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January 24, 2024
Should you buy more Memeinator tokens as Bitcoin slips below $37k?

Key takeaways

The cryptocurrency market has been bearish since the start of the week, with Bitcoin and other major cryptocurrencies trading in the red zone. However, the Memeinator presale has just hit a new milestone and is set to go higher.

Bitcoin and altcoins underperform

Bitcoin and altcoins have been underperforming over the last few days. BTC has lost more than 1% of its value over the last 24 hours. At press time, the price of Bitcoin stands at $36,912 per coin.

Leading altcoins including Ether, BNB, Solana, ADA, DOGE, and TRX, have all lost more than 2% of their value over the last 24 hours.

What is Memeinator?

Memeinator is a Web3 project designed to help content creators generate better content. It intends to change how people view memes. The project intends to leverage the hype around meme coins by providing users with numerous use cases.

According to their whitepaper, Memeinator’s job is to destroy worthless memes, ensuring that there is a higher level of quality content available to users.

The project differs from thousands of other meme tokens because it offers users real-world utility. Per the whitepaper, Memeinator will use AI to identify worthless memes, allowing users to know them and steer clear of them.

The goal is to ensure that Memeinator becomes a $1 billion market-cap crypto project, turning it into one of the biggest meme coin projects in the Web3 ecosystem. The development team has also published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap.

The Memeinator presale is currently in its seventh stage and has raised more than $1.5 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing.

Memeinator’s presale will soon enter the eighth stage

The Memeinator presale will round up its seventh stage over the next few hours or days. So far, the team has raised more than $1.51 million of its $1.8 million target in the current stage.

Its native MMTR token can be purchased using ETH, USDT and USDC stablecoins. At the moment, the token is available to users on the Ethereum and BNChain blockchains.

Purchasing the MMTR token is easy as it involves connecting any of the supported wallets to the Memeinator website and buying the tokens using ETH, USDT and USDC coins.

Click here to read more about the Memeinator presale.

Why is the Memeinator presale growing so fast?

The Memeinator presale is growing so fast thanks to the increasing interest from investors. The project offers real-world utility to users and its MMTR token will power several activities on the platform.

Thanks to its utilities, Memeinator could gain massive adoption from degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes.

Memeinator will take advantage of its AI technology to analyse and evaluate memes across the internet, identifying lower-quality memes to replace or destroy them.

MMTR holders will enjoy numerous incentives thanks to the token’s excellent features. The token has deflationary mechanisms and rewards for holders. Furthermore, the Memeinator team has allocated 20% of the tokens for marketing, CEX listing and liquidity.

Is the Memeinator a good project for investors?

Memeinator could become one of the biggest winners in the bull market if the project gains the right level of adoption.

This project will be leveraging AI and blockchain technology to provide excellent value to investors over the coming months and years. With the right level of adoption and the goal to reach a billion-dollar market cap, early investors would be the biggest winners.

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November 28, 2023
Why is the crypto market down today? BTC briefly slips below $27k
Key takeaways
- The cryptocurrency market is down by roughly 1% over the past 24 hours.
- Bitcoin briefly dropped to $26,990 earlier today before recovering to now trade above $27,500.
- The dump came due to reports that there was a transaction with the United States government’s BTC wallet.
Why the crypto market is down today

The cryptocurrency market recorded a sharp spike in movement a few hours ago. Bitcoin, the world’s leading cryptocurrency by market cap, was trading just above $28k earlier today.

However, BTC fell below the $27k level for the first time in more than a week, briefly touching the $26,990 mark before retracing its movement.

According to market experts, the sharp decline in Bitcoin’s price came as a result of a transaction from the United States government’s BTC wallet.

BREAKING: US Gov BTC Wallet is moving#Bitcoin dumps hard. Lot of longs rekt. pic.twitter.com/kyw8QIhAnR

— Woetoe (@cryptowoetoe) May 10, 2023

Data obtained from Blockstream showed that 9819.01814463 bitcoins were on the move from the wallet. This large transaction was reflected in the market, with Bitcoin dropping below the $27k mark for the first time in a month.

Bitcoin recovers to trade above $27,500

The dump didn’t last long, as Bitcoin is now trading above the $27k level once again. At press time, the price of Bitcoin stands at $27,502, down by more than 2% in the last hour.

Bitcoin is not the only cryptocurrency that recorded losses. Ether, the second-largest cryptocurrency by market cap, also dropped below the $1,800 mark earlier today before retracing to now trade at $18,36 per coin.

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May 10, 2023