Kategorie: Bitcoin News

Key takeaways

• Bitcoin has declined below the $40k level for the first time in nearly two months.

• Bitbot’s presale has raised more than $300k a week after its launch.

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.

The post Bitcoin slips below $40k as Bitbot’s presale surpasses $300k appeared first on CoinJournal.

• Bitcoin ETF has become a reality with the SEC approving its listing on major exchanges in the United States.
• NuggetRush is the latest crypto sensation that has raised more than $1.8 million from eager investors.
• As 2024 progresses, both NuggetRush and Bitcoin are expected to perform well this year.

The United States on 10 Jan 2024 decided to include Bitcoin in major investment funds by approving 11 Bitcoin exchange-traded funds (ETFs). By doing this, the SEC has allowed Bitcoin to be bought by a wide range of investors, from big pension funds to regular people.

Cryptocurrency fans are thrilled with this decision because Bitcoin is the best crypto investment to date. The US financial authority had previously turned down such requests, worried about the possibility of fraud and market manipulation. However, they have now given their nod and it’s finally going to be launched soon. Meanwhile, another development that has been the talk of the town is the massive presale success of an emerging altcoin called NuggetRush. It has crossed $1.8 million in investment till now and is considered a good cryptocurrency ICO for this year.

Let’s find out more about the Bitcoin ETF sanction and the hype around the NuggetRush presale.

Why is Bitcoin ETF news exciting for crypto fans?

ETFs are collections of investments that let people invest in various assets without actually owning them. They are sold on stock markets like regular shares, and their value changes based on the performance of the assets they include. An ETF might have different assets, like gold and silver, or shares from various sectors like technology and insurance. Some ETFs already include Bitcoin indirectly. However, a spot Bitcoin ETF will purchase Bitcoin directly at its current DeFi coin price.

Several investment firms, including big names like Blackrock and Fidelity, have been waiting for the SEC’s approval to include Bitcoin in their ETFs. After some discussion over the details, the first approvals have been granted. This has made it the best crypto for beginners who don’t have much knowledge about this industry. It means a new group of investors can now get into Bitcoin without the hassle of digital wallets or crypto exchanges. It’s expected that a lot of money will flow into the Bitcoin market as these financial firms begin to invest.

Some experts think this won’t greatly change Bitcoin’s price, as spot Bitcoin ETFs exist in other countries. However, with big US players entering the market, many believe Bitcoin’s value will go up due to increased demand.

Some people think this decision marks a significant moment, showing that Bitcoin is being taken seriously, at least as the top crypto to invest in.

NuggetRush looking strong as it crosses $1.8M in investment

NuggetRush is a popular play-to-earn gaming cryptocurrency which is considered the best crypto coin for investment. It has been showing impressive strength as it has gathered an investment of over $1.8 million. For those who might not be familiar, play-to-earn (P2E) games are a type of online game where players can earn real money by playing. NuggetRush is one such game that’s catching a lot of attention in the gaming communities.

The price of each NuggetRush token is currently set at $0.018. This is quite affordable and offers a good opportunity for those interested in how to get into cryptocurrency without a huge investment. NuggetRush’s pre-sale is divided into five rounds, and right now, it’s in the fifth round. This means there’s still an opportunity to get in before the presale ends.

One of the exciting aspects of NuggetRush is its expected launch price, which is projected to be $0.020 per token. This suggests that those who invest now during the presale could potentially see a profit when the token goes live. It’s always good to see a potential for profit in any investment, and NuggetRush seems to offer that. This makes it one of the best altcoins to watch out for this year.

In addition to the play-to-earn aspect, NuggetRush also offers something called NFT staking. NFTs, or non-fungible tokens, are a kind of digital asset that represents ownership of a unique item or piece of content. By staking NFTs in NuggetRush, players can earn an extra 20% return. This is an attractive feature for those who are into the trending NFT market and are looking for additional ways to increase their earnings.

Another notable feature of NuggetRush is that it has zero tax on buying and selling tokens. In the world of cryptocurrency, it’s common to see some taxes or fees associated with transactions. The fact that NuggetRush doesn’t impose any tax on transactions makes it one of the best NFT cryptos for youngsters. It means that players and investors can buy and sell tokens without worrying about additional costs eating into their profits.

Conclusion

As the SEC has approved Bitcoin ETF in the United States, a lot of people are now happy. Another milestone is also achieved by a notable crypto coin called NuggetRush in the world of gaming and cryptocurrency. With its entry price of $0.018 per token and the bonus of NFT staking, it’s easy to see why it’s drawing significant investment.

For more information on the NuggetRush presale, visit the NuggetRush Presale Website.

The post US sanctions Bitcoin ETF, NuggetRush set to cross $1.8M in investment appeared first on CoinJournal.

• SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues.
• Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx.
• Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement.

Just when everyone thought that 2024 had seen the most after the recent spot Bitocin ETFs approval by the US SEC, excitement is rippling through the crypto community again as Nasdaq and Cboe gear up for Bitcoin ETF options trading. The two have already filed applications with the SEC and the regulatory authority has recognized the applications.

Simultaneously, Pullix, a hybrid trading platform is promising a new era in decentralized finance.

Nasdaq and Cboe Bitcoin ETF Options trading move

In a screenshot posted on X by James Seyffart, the SEC has already acknowledged the 19b-4s requesting the ability to trade options on spot Bitcoin ETFs.

The SEC has already acknowledged the 19b-4’s requesting the ability to trade options on spot #Bitcoin ETFs. This is faster than SEC typically moves. Options could be approved before end of February if SEC wants to move fast?…

AT ABSOLUTE EARLIEST options still ~27+ days away pic.twitter.com/ohbvHgP2uO

— James Seyffart (@JSeyff) January 19, 2024

Nasdaq’s proposal centres around listing options for BlackRock’s iShares Bitcoin Trust, while Cboe aims to trade options on exchange-traded products (ETPs) holding Bitcoin. Notably, Cboe’s prominent role in launching six of the SEC-approved spot BTC ETFs positions it as a key player in shaping the crypto market.

With positive market responses and efficient tracking of Bitcoin’s price since ETF trading initiation on January 11, options trading is considered the “next logical step,” offering enhanced utility and risk management for investors.

Options trading in BTC ETFs, as proposed by Nasdaq, is hailed for bringing cost efficiencies and advanced hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified timeframe, enhancing utility for a broader investor base, including traditional finance sectors.

Analyst Dave Nadig from VettaFi in an interview with CNBC predicted that the introduction of BTC ETF options will attract hedge fund players, fostering increased speculation and diversified investment approaches in the crypto market.

The regulatory waiting game is on, with options approval potentially by the end of February, pending SEC decisions and a 21-day public comment period.

Pullix: unveiling Trade-to-Earn model 

Amidst the crypto fervour surrounding Biotin ETFs, The upcoming Pullix trading platform takes centre stage with its innovative model. Pullix introduces a unique “Trade-to-Earn” concept, allowing users holding its native token, the PLX, to earn instant rewards for trading on the platform.

The PLX token’s main USP lies in its revenue-sharing mechanism, enabling holders to profit from the daily revenues generated by the trading exchange. This game-changing approach combines active trading with a guaranteed fixed income, setting Pullix apart in the rapidly evolving crypto space.

The token is currently in its sixth presale stage and is already showing signs of massive support from crypto enthusiasts. At press time, the presale had raised close to $4 million with only five stages sold out.

To participate in the presale and acquire the PLX token ahead of the Pullix platform launch, which is scheduled for before the end of January, you can visit the official Pullix Website.

Conclusion

As the crypto market witnesses a transformative phase with Nasdaq and Cboe expediting options trading on Bitcoin ETFs, Pullix’s PLX presale adds another layer of excitement, introducing a “Trade-to-Earn” model that could redefine user engagement in decentralized finance.

Investors and enthusiasts alike are closely watching these developments, eagerly anticipating the impact on investment strategies and the broader adoption of cryptocurrencies. The convergence of innovative trading platforms and tokenomics marks a significant chapter in the evolving narrative of digital assets.

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As the crypto world eagerly anticipates the year 2024, it holds a promise marked by a significant event – Bitcoin’s fourth halving. This phenomenon, coupled with optimistic forecasts for cryptocurrencies like Chainlink and Rebel Satoshi ($RBLZ), is poised to shape the landscape of the digital asset realm. 

In this article, we delve into the potential implications of Bitcoin’s impending halving and explore the promising outlook for two noteworthy top altcoins.

Bitcoin’s fourth halving: a defining moment

Bitcoin, the pioneer of cryptocurrencies, operates on a unique economic model with a fixed supply capped at 21 million coins. The halving event, which occurs approximately every four years, involves a 50% reduction in the reward that miners receive for validating transactions. 

With more than 19 million bitcoins already mined, the fourth halving will further tighten the supply, bringing the total number of bitcoins ever to be mined closer to its 21 million limit.

The halving effect on Bitcoin price

Historically, Bitcoin halving events have triggered significant price movements. While the first halving in 2012 had a negligible effect, subsequent occurrences in 2016 and 2020 witnessed substantial price surges. 

As we approach the expected 2024 halving, the crypto community remains vigilant for potential market dynamics. Analysts often observe increased price volatility before and after halving events, presenting both challenges and opportunities for traders and investors.

Chainlink’s promising trajectory

Amidst the anticipation surrounding Bitcoin, top altcoins like Chainlink have been gaining attention for their unique value propositions. Chainlink, a decentralized oracle network, has established itself as a crucial player in bridging smart contracts with real-world data. The project’s versatile use cases, including decentralized finance (DeFi) applications, have contributed to its widespread adoption.

As of recent market analysis, Chainlink’s price appears to be in an accumulation phase, indicating a potential upcoming bullish trend. Technical indicators such as the Awesome Oscillator, Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) suggest a favourable environment for Chainlink’s price to experience an upward trajectory. 

With key support levels and resistance zones in focus, traders are eyeing the $16.000 mark as a potential milestone for LINK.

Rebel Satoshi (RBLZ): a new player in the crypto arena

In the diverse landscape of cryptocurrencies, Rebel Satoshi (RBLZ) emerges as a notable contender, especially as it garners attention during its presale phase. Having already sold over 100 million RBLZ tokens and raised $1.5 million, the Rebel Satoshi presale is on the brink of reaching the $2 million milestone. Built on the Ethereum network, renowned for its security, Rebel Satoshi stands out as a compelling investment option.

The smart contracts governing Rebel Satoshi have undergone rigorous auditing by Source Hat, a leading auditing firm. This ensures the safety and reliability of the Rebel Satoshi ecosystem. This is one of the reasons why Rebel Satoshi is regarded as the best meme coin. As the presale progresses, investors are urged to consider the potential of Rebel Satoshi, not just as a meme coin but as a project backed by robust technology and a dedicated community.

Investment recommendation

In light of the upcoming Bitcoin halving and the promising trajectories of altcoins like Chainlink and Rebel Satoshi, investors are presented with unique opportunities. While Bitcoin’s halving may contribute to market-wide dynamics, strategic investments in altcoins with solid fundamentals can potentially yield significant returns.

As we look ahead to 2024, the crypto space continues to evolve, offering a dynamic environment for enthusiasts and investors alike. Whether one chooses to ride the waves of Bitcoin’s halving or explore the potential of innovative altcoins, staying informed and vigilant in the ever-changing crypto landscape remains paramount.

Final Thoughts

The year 2024 unfolds with the promise of being a transformative period in the crypto realm. Bitcoin’s fourth halving stands as a key event, influencing market sentiments and potential price movements. In parallel, top altcoins like Chainlink and Rebel Satoshi showcase their unique value propositions, inviting investors to explore diverse opportunities. 

As the crypto journey progresses, strategic decision-making and a forward-looking approach become essential for those seeking to navigate the exciting and ever-evolving world of digital assets.

For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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