Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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Bitcoin surpasses the $52k psychological level: Will it rally towards $60k soon?

TL;DR

  • Bitcoin crossed the $52k mark on Wednesday and could be heading towards the next resistance around the $60k level.

  • Bitcoin Dogs’ presale has already raised nearly $1 million within a few days, ushering in a new era of BRC-20 ICOs.

The cryptocurrency market has been bullish since the start of the week, with Bitcoin and other major cryptocurrencies rallying higher. Investors continue to eye new projects, and Bitcoin Dogs is one of the projects that could take advantage of Bitcoin’s current price rally.

Bitcoin eyes the $60k resistance level following its recent rally

The cryptocurrency market has been bullish since the start of the week, with Bitcoin’s price up by more than 10% in the last four days. It reached a yearly high of $52,623, its highest level since 2021. 

At press time, the price of Bitcoin stands at $51,836, up by more than 5% in the last 24 hours. Thanks to the recent rally, Bitcoin’s total market cap has now crossed the $1 trillion mark for the first time in more than two years.

If Bitcoin can maintain its current momentum, it could reach the next resistance level at $60k in the coming days or weeks. 

What is Bitcoin Dogs?

Bitcoin has been rallying over the last few days, and the BTC ecosystem remains the centre of attention in the crypto market. Projects launching on the Bitcoin network could record massive growth in the coming months and years. One such project is Bitcoin Dogs. 

Bitcoin Dogs is a unique project leveraging the power of the Bitcoin network. It is set to become the first BRC-20 token ICO. The project will offer investors an exciting value proposition as it will combine the elements of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. Thus, ensuring that investors and users have an immersive experience when they engage with the Bitcoin Dogs project. 

Bitcoin Dogs’ launch comes just a few weeks after the launch of spot Bitcoin ETFs in the United States. The Bitcoin halving is also two months away, an exciting event that happens every four years. 

Previously, most presales in the crypto market have been ERC-20 and BNB tokens. Bitcoin Dogs is setting a new trend by introducing $0DOG, its native token, as a novel investment opportunity on the Bitcoin blockchain. 

Bitcoin Dogs presale approaches $1m

The Bitcoin Dogs presale is growing rapidly and has already raised more than $900k. The presale will usher in a new era of BRC-20 ICOs within the Bitcoin ecosystem. 

The project’s tokenomics reveals that there would be 900 million tokens minted. Investors would also have access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi. 

The Bitcoin Dogs presale will run for a month and will leverage the rarity and novelty of BRC-20 to attract investors. 

The team explained that although the tokens will be minted on BRC-20, investors will purchase the tokens on ERC-20, with investors providing a BTC wallet address. The address provided will receive $0DOG tokens after paying with ERC-20 tokens. You can pay for the $0DOG token using ETH, USDT and USDC stablecoins. 

Click here to learn more about the Bitcoin Dogs presale. 

Should you invest in the Bitcoin Dogs project?

$0DOG could be one of the best-performing gems in the upcoming Bull Run. Bitcoin is rallying at the moment and projects related to BTC could record massive gains in the coming months and years. 

2024 is expected to be the start of a new Bull Run and Bitcoin is looking to recover its all-time high price of $69k in the coming weeks or months. 

With the right adoption level, Bitcoin-related altcoins like Bitcoin Dogs could experience a huge pump in price. In addition to the Bitcoin halving, the US Federal Reserve is expected to cut interest rates over the coming months, pushing more investors into the crypto market. 

Overall, Bitcoin Dogs could be a winner in the current market conditions and its presale is the opportunity for investors to buy the $0DOG tokens at discount prices. 

The post Bitcoin surpasses the $52k psychological level: Will it rally towards $60k soon? appeared first on CoinJournal.

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Bitcoin hits $51k: Will BTC reach new ATH before halving?

  • Bitcoin hits $51k as bulls roar into life following Tuesday’s markets reaction to CPI data.
  • BTC price rose to highs of $51,708 on Coinbase, with its market cap back above $1 trillion.
  • Will BTC reach new ATH before halving?

Bitcoin (BTC) price skyrocketed past the $51,000 level on Wednesday morning, recouping all losses suffered as the benchmark crypto mirrored stocks on Tuesday.

The gains have seen the pioneer crypto reach a market capitalization of $1 trillion, a milestone last seen in December 2021. 

According to data from CoinGecko, the price of Bitcoin hovered around $51,500 early morning on February 14. The BTC/USD pair traded more than 2% up across major cryptocurrency exchanges, with prices on Coinbase having shot to an intraday high of $51,708 as of writing.

As BTC bulls eye a higher move, is Bitcoin poised for a march to a new all-time high pre-halving? With BTC showing fresh signs of an upside continuation, some analysts are saying the cryptocurrency could surge to higher levels in coming weeks. Crypto investor and analyst WhalePanda noted on X:

The upcoming BTC halving and the massive demand witnessed within the spot Bitcoin ETF market are key catalysts. For the latter, there were nearly $631 million in inflows on Tuesday. 

Data shows BTC spot ETFs have recorded net inflows for thirteen consecutive trading days, with cumulative net inflows at $3.89 billion as of February 13.

Bitcoin’s halving is set for April this year. 

The post Bitcoin hits $51k: Will BTC reach new ATH before halving? appeared first on CoinJournal.

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Bitcoin’s rally to $50k could see altcoins surge higher: should you buy Bitbot now?

Key takeaways

  • Bitcoin recently touched the $50k level for the first time since December 2021.

  • Altcoins could rally higher soon and this could see increased investments in projects like Bitbot. 

Bitcoin’s rally to $50k could see more investment in cryptos

The cryptocurrency market has been bullish since the start of the year and Bitcoin’s latest rally could result in more investments in altcoins. Bitcoin, the world’s leading cryptocurrency by market cap, recently touched the $50k mark for the first time since December 2021.

The rally comes thanks to increasing inflows into spot Bitcoin exchange-traded funds (ETFs). As more retail and institutional investors enter the crypto market, there will be a focus on new and exciting projects.

Bitbot could be one of the projects that grab investors’ attention thanks to its unique value proposition. 

What is Bitbot? 

Bitbot is a Web3 project that is set to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that gives users excellent features, enabling them to excel at crypto trading. 

Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. What makes Bitbot an exciting project is the innovative approaches it intends to provide traders. The tool will leverage Telegram’s position as a leading social media platform for crypto users. 

The team also revealed that Bitbot will provide users with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to world-class trading functions. 

As Bitcoin hits $50k, trading volume in the market increases. Bitbot intends to take advantage of the rising trading volume in the crypto market to gain massive adoption in the coming months and years. 

Bitbot’s technological approach to trading

Bitbot is a unique project because it will roll out technological innovations that would benefit traders. The team is working on some tools that would ease the trading process for its users. 

According to their whitepaper, security is one of the primary focus of the Bitbot tool. Bitbot will leverage Knightsafe to offer a self-custody solution, mitigating the typical risks associated with Telegram trading.

Furthermore, part of the funds raised from the presale would be used to develop anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.

In addition to that, Bitbot will use ultra-flexible wallet management fuelled by non-custodial API technology to provide an added layer of security to the users. 

With the copy trading feature, Bitbot will make it easier to boost the profitability level of traders. The feature will allow traders to copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale rakes in $557k

The Bitbot presale is moving excellently and has raised more than $550k. The presale is in the third stage and is close to reaching the $630k target. 

The new milestone of $557k shows that Bitbot is gaining fast adoption within the cryptocurrency space. Currently, the $BITBOT token is going for $0.011 but is set to increase to $0.0116 once the fourth round commences. 

Bitbot’s tokenomics is easy as the development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

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

Could Bitbot’s token rally higher in 2024? 

The Bitbot presale will be concluded in the coming weeks and the token will start trading on cryptocurrency exchanges. With the right level of adoption, $BITBOT’s price could reach new highs in the coming months and years.

Other external factors that could positively affect $BITBOT price include the upcoming Bitcoin halving. The crypto market is expected to record a massive rally following the halving and this could positively affect Bitbot and other gems in the market. 

The post Bitcoin’s rally to $50k could see altcoins surge higher: should you buy Bitbot now? appeared first on CoinJournal.

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Missed Bitcoin and Ethereum waves? NuggetRush unveils new generation NFT gaming rewards

  • Bitcoin jumps amid rising demand for spot BTC ETFs.
  • Ethereum’s investor sentiment could rise following excitement around its March 13 upgrades.
  • NuggetRush (NUGX) unveils a gaming community where ambitious investors can win gold rewards.

Spot BTC ETF inflows have skyrocketed to over $2.1 billion pushing Bitocin price higher as Ethereum on the other hand gears up for a major network upgrade in March.

NuggetRush (NUGX) is also gaining attention in the digital asset industry after its blockchain ICO sold 171 million tokens. Yet, can this make NUGX one of the best altcoins to buy? Join the discussion.

Bitcoin rises to $50,000 as Spot ETF inflows skyrocket

Bitcoin (BTC) has recovered impressively from its slight fall below the $40,000 range. Its trading activity has grown sharply, pushing BTC to high levels in February. Bitcoin’s (BTC) pump coincides with the sharp increase in demand for its Spot ETFs. 

BTC traded at $44,167 on January 1. It jumped by 4.9% to $46,368 on January 11 after the SEC approved its spot ETFs. BTC fell by 14.7% to $39,507 on January 22 before jumping to $45,301 on February 8 and hitting $50,000 on February 12.

Spot Bitcoin (BTC) ETFs have been in high demand since their launch. BlackRock’s spot Bitcoin ETF generated the fifth largest inflows among all spot ETFs in January. The total inflows into spot Bitcoin ETFs have surpassed $2.1 billion. Daily spot Bitcoin (BTC) ETF inflows also jumped to $400 million on February 8.

Ethereum sets March date for Dencun upgrades

After a call with top developers, the Ethereum (ETH) blockchain announced the launch of its anticipated Dencun upgrades on March 13, 2024. The upgrade will reduce transaction costs for auxiliary layer-2 networks on Ethereum (ETH). Furthermore, it would boost data storage on Ethereum (ETH).

Excitement around the news could help push Ethereum’s price back to the $2,600 range. ETH traded at $2,352 on January 1. As of January 11, ETH jumped by 11.3% to $2,619. ETH’s bullish momentum fell sharply, and the token dropped by 12.8% to $2,282 on January 31. It then recovered by 6.0% to $2,419 on February 7.

Ethereum’s (ETH) Dencun upgrades could help boost development activity on the network. By reducing costs for auxiliary layer-2 networks, more apps and services can leverage Ethereum’s (ETH) technology. This would help Ethereum (ETH) withstand competition from other top altcoins like Solana, possibly pushing ETH’s value up by 8.8% to $2,633.

NuggetRush’s new generation NFT gaming rewards

The launch of NFTs marked a shift in the play-to-earn industry. NFTs opened up the possibilities of participation and earning rewards from gaming networks. Yet, many projects have failed to capitalize on the latent opportunities that come with NFT gaming. One project that is getting recognition for being different is NuggetRush (NUGX).

Combining meme coin benefits with play-to-earn gaming, NuggetRush (NUGX) aims to become a market leader via its mining adventure. Becoming a miner on NuggetRush (NUGX) is akin to mining natural resources in the real world. The game leverages the latest gaming technology to ensure its mining experience is as realistic as possible.

It also features exciting gaming challenges, which include competitions and collaborations. You can compete against other miners in several gaming modes, like tournaments, battles, quests, and ranked play. You can also enjoy its mining experience as part of a team. The game allows the formation of teams and mining collaborations that offer high-value rewards.

NuggetRush (NUGX) has shown immense growth potential. By round five of its presale, NuggetRush had sold over 171 million NUGX tokens, leading to high FOMO. It has also raised over $2.1 million. The current NUGX value is $0.018. After a pump to $0.020, major exchanges will list the coin.

The post Missed Bitcoin and Ethereum waves? NuggetRush unveils new generation NFT gaming rewards appeared first on CoinJournal.

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Bitcoin tops $48k for the first time since 2022 as Bitcoin Dogs’ presale commences in three days

Key takeaways

  • Bitcoin has crossed the $48k mark for the first time since 2022.

  • Bitcoin Dogs presale will commence in three days and will be the first BRC-20 ICO on the Bitcoin network. 

Bitcoin eyes the $50k mark following its recent rally

The cryptocurrency market has been bullish since the start of the year, with prices soaring to new levels. Bitcoin, the world’s leading cryptocurrency by market cap, has crossed the $48k level for the first time since 2022.

At press time, the price of Bitcoin stands at $48,080 per coin. Bitcoin’s rally has also seen other leading cryptocurrencies reach new levels, with Ether now trading above $2,500 per coin.

What is Bitcoin Dogs?

With Bitcoin leading the market charge at the moment, it is expected that projects launching on the Bitcoin blockchain will take centre stage. One such project is Bitcoin Dogs. 

Bitcoin Dogs is a pioneering project that is leveraging the power of the Bitcoin network. It is a unique project because it is the first BRC-20 token ICO. Bitcoin Dogs is set to offer investors an excellent value proposition because it combines elements of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to create an immersive experience for investors and enthusiasts alike.

Bitcoin Dogs will also be launching at a time when Bitcoin’s price is approaching its previous all-time high and the recent launch of spot Bitcoin ETFs in the United States. 

In the last, most presales in the crypto market have been ERC-20 and BNB tokens. However, Bitcoin Dogs is changing the narrative by introducing $0DOG, its native token, as a novel investment opportunity on the Bitcoin blockchain. 

The development team intend to use the token to underscore the potential for growth and adoption within the Bitcoin ecosystem.

Bitcoin Dogs presale commences in three days

The Bitcoin Dogs presale is set to commence in three days and will usher in a new era within the Bitcoin ecosystem. 

$0DOG will be the first BRC-20 token ICO on the Bitcoin network. According to the team, there would be 900 million tokens minted. The project will also offer investors access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi. 

The token could gain massive adoption in the medium to long term thanks to its unique blend of utility and entertainment. The team revealed that the presale will last for only one month. Thanks to the rarity and novelty of BRC-20, investors could record massive profits if the project gains the right level of adoption. 

However, while the tokens will be minted on BRC-20, investors will purchase the tokens on ERC-20, with investors providing a BTC wallet address. The address an investor provides will then receive Bitcoin Dogs tokens. The project will also take advantage of the NFT market by creating an NFT collection. 

Click here to learn more about the Bitcoin Dogs presale. 

Should you buy the Bitcoin Dogs token?

$0DOG could be one of the biggest winners in this Bull Run as it is set to take advantage of the Bitcoin network. 2024 is slated to be the start of a new Bull Run and Bitcoin is already eyeing the $50k mark. 

With the Bitcoin halving in less than three months, altcoins such as $0DOG could rally higher. Furthermore, the US Federal Reserve is expected to cut interest rates over the coming months, pushing more investors into the crypto market. 

With the right level of adoption, Bitcoin Dogs could record massive gains in the coming months and years, similar to the success recorded by Bitcoin Cats (achieved $50M 24-hour trading volumes soon after launch). 

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