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Analysts anticipate a Bitcoin Dogs breakout as Bitcoin (BTC) teases new ATH

  • Bitcoin (BTC) surges past $73,000, nearing its all-time high with strong investor interest.
  • Bitcoin Dogs (0DOG), a new meme coin, could break out with its upcoming game launch.
  • Analysts predict growth for Bitcoin Dogs, benefiting from Bitcoin’s bullish momentum.

The spotlight is back on Bitcoin (BTC), which recently surged past $73,000, drawing both investor attention and market analysis.

In tandem with this bullish trend, Bitcoin Dogs (0DOG) is positioning itself as a significant player in the crypto ecosystem. With its unique offerings and upcoming game launch, analysts are beginning to speculate on the potential for a breakout in the Bitcoin Dogs token, making it one of the most promising projects to watch in the coming months.

Bitcoin (BTC) surges toward new all-time highs

Bitcoin’s recent trading session has been nothing short of dramatic, as its price soared to a high of $73,562, just shy of its all-time high of $73,737 set in March.

This impressive rally began late Monday when BTC first crossed the $70,000 threshold, marking a five-month high.

The surge attracted considerable interest from both retail and institutional investors, particularly in light of the growing confidence surrounding Bitcoin Exchange-Traded Funds (ETFs) launched earlier in the year. CoinShares reported a remarkable $1 billion in new investments flowing into Bitcoin-related funds last week, highlighting robust institutional faith in Bitcoin’s future.

Interestingly, the cryptocurrency community’s reaction to this near-record price point was relatively muted compared to past market rallies. This subdued response could indicate a maturing market where investors are becoming accustomed to Bitcoin’s high-value trading range.

Additionally, as the US presidential election approaches, Bitcoin’s performance has emerged as a critical focal point, especially with pro-crypto candidates gaining traction in prediction markets.

Following its impressive rally, Bitcoin has retraced slightly, settling at $72,369.36 at press time. The market sentiment is however still bullish pointing to the potential of BTC registering a new ATH soon.

Bitcoin Dogs (0DOG) expected to ride the bullish wave

Amid Bitcoin’s ascendance, Bitcoin Dogs (0DOG), a new meme coin, is drawing attention for its unique approach within the cryptocurrency landscape.

As the first-ever Initial Coin Offering (ICO) on the Bitcoin blockchain, Bitcoin Dogs raised $13.4 million and minted 900 million tokens—reflecting the estimated number of dogs on Earth. The project aims to blend the enthusiasm of dog lovers with the engaging world of blockchain technology.

Despite experiencing a 9.7% decline over the past week, there are signs that the price of Bitcoin Dogs (0DOG), which currently sits at $0.008722, could be on the verge of a major break out.

Upcoming catalysts for Bitcoin Dogs include the launch of its play-to-earn game, which is set to offer holders unique pathways, epic battles, and in-game rewards.

This innovative game aligns with the growing interest in blockchain gaming and NFTs, positioning Bitcoin Dogs for potential breakout success. Furthermore, the NFT drop associated with the game could significantly enhance community engagement and token value.

In addition, analysts note that Bitcoin Dogs is well-positioned to capitalize on several bullish trends, including Bitcoin’s resurgence, the rising popularity of meme coins, and the flourishing Telegram gaming market.

With a focus on community-driven initiatives, Bitcoin Dogs combines the utility that gaming tokens on Bitcoin need with a playful nod to dog-themed meme culture. The project also features a comprehensive Dog Owners Manual, providing users with insights on managing their digital pets, thereby enhancing the user experience.

With Bitcoin (BTC) teasing new all-time highs and Bitcoin Dogs (0DOG) gearing up for exciting developments, the coming months could see significant shifts in the cryptocurrency market. Investors and analysts alike will be closely watching these two assets as they navigate this promising yet volatile landscape.

For more information about the Bitcoin Dogs project, visit their official website here.

The post Analysts anticipate a Bitcoin Dogs breakout as Bitcoin (BTC) teases new ATH appeared first on CoinJournal.

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Ramp Network expands crypto-to-fiat support for real-time MXN payouts via SPEI

  • Ramp Network now supports real-time MXN payouts via the SPEI payment system.
  • Users can sell crypto and receive funds in their bank accounts within 30 seconds.
  • SPEI offers lower fees and operates 24/7, enhancing crypto-to-fiat transactions in Mexico.

Ramp Network, a leading financial technology company, has announced the expansion of its crypto-to-fiat off-ramp support to include the Mexican Peso (MXN) through the SPEI payment system.

This development allows users in Mexico to receive real-time payouts directly to their local bank accounts, available 24/7.

Ramp Network integrates SPEI

SPEI, or Sistema de Pagos Electrónicos Interbancarios, is a robust real-time payment system that connects all major Mexican banks, enabling swift and secure transfers within seconds.

By integrating SPEI, Ramp Network offers a streamlined solution for Mexican users to sell their cryptocurrencies and instantly convert them into fiat currency, significantly enhancing the user experience.

With Mexico emerging as a key market for Ramp Network, the country ranks 16th globally in the latest Chainalysis crypto adoption index and is among the top 20 nations for crypto transaction volume.

Notably, around 14% of the Mexican population now owns cryptocurrency, and 40% of local companies are exploring blockchain technology integration, indicating a vibrant landscape for fintech innovation.

Szymon Sypniewicz, CEO of Ramp Network, expressed pride in the integration of SPEI, stating, “Now, people in Mexico can convert their crypto into fiat in seconds, with lower fees and reduced friction.”

The service charges a flat fee of just 2.9%, significantly lower than traditional methods, thereby minimizing transaction-related issues and providing a reliable payout option that operates year-round.

Users can easily initiate a transaction by selecting the desired cryptocurrency amount, choosing Mexico as their country, and opting for SPEI as the payout method. After entering their bank details, users can expect to receive MXN in their bank accounts within 30 seconds or less.

As part of its mission to provide localized services in Latin America, Ramp Network plans to further enhance its offerings by introducing SPEI on-ramp transactions in the near future, expanding opportunities for both local Web3 developers and global partners.

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OKX picks Standard Chartered as its institutional crypto custodian

  • OKX announces partnership with Standard Chartered to offer crypto custody services to institutional clients.
  • Standard Chartered has a strong presence in the crypto industry.
  • A trading desk and custody solution are among its top solutions.

OKX has partnered with Standard Chartered in a collaboration that will see the banking giant become the crypto exchange’s official third-party crypto custodian.

Specifically, Standard Chartered is now the crypto custodian for OKX’s institutional clients.

OKX eyes further institutional adoption of crypto

According to OKX chief commercial officer Lennix Lai, the partnership is part of the crypto exchange’s continued evolution into one of the world’s top crypto companies. Standard Chartered will help the exchange offer its institutional customers a platform to securely enter the growing digital assets market.

The partnership allows clients the option of separating their trading from custody, Lai added.

“Our institutional services already include advanced trading features, robust risk management tools, and custody solutions. Adding Standard Chartered to our custody offerings allows us to integrate digital assets more seamlessly into the traditional financial ecosystem, making it easier for institutional players to engage confidently in this space.”

Collaboration with OKX adds to Standard Chartered’s growing footprint in the crypto space. Its recent expansion includes the launch of a digital asset custody solution in the United Arab Emirates. The bank’s crypto custody service allows institutional clients to custody Bitcoin (BTC) and Ethereum (ETH), with more assets to be added.

Notably, Standard Chartered also offers a spot crypto trading desk, and has a footprint in the Ethereum exchange-traded fund market.

The post OKX picks Standard Chartered as its institutional crypto custodian appeared first on CoinJournal.