Bitcoin Price Targets $100K, Silver Market Cap Shifts After MicroStrategy Buys $2 Billion of BTC, But Traders Flock to This New ICO for Parabolic Potential

bitcoin price rose 8% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>trading at $88,556 At 04:36 am EST, trading volume soared 87% to $146 billion.

bitcoin's market capitalization surpassed that of silver to reach $1.74 trillion, making it the eighth largest asset in the world.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”7.8606965174129″>

BREAKING

bitcoin HAS HIT SILVER IN MARKET CAPITALIZATION AND IS NOW RANKED AS THE 8TH LARGEST SECURITY IN THE WORLD pic.twitter.com/gI7ijJCt31

– TheLordofEntry (@thelordofentry) twitter.com/thelordofentry/status/1856088849450967328?ref_src=twsrc%5Etfw”>November 11, 2024

The btc pump comes after Donald Trump's landslide election victory last week and yesterday's news that MicroStrategy had purchased another 27,200 btc for around $2.03 billion. The company now owns 279,420 btc.

bitcoin price points to continued rise

bitcoin price has seen a parabolic rise in November as bulls capitalized on the $69,000 support level to push the price even further above, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko.

The 50-day SMA (white line) is at $76,248 and the 200-day SMA (yellow line) is at $69,272. Furthermore, 50 MA is significantly above 200 MA, creating a “Golden Cross” around $59,476, which is a strong bullish signal, indicating bitcoin price momentum in favor of further bullish movement.

The Relative Strength Index (RSI) is at 82.77, which is in overbought territory (normally above 70 is considered overbought). This high RSI indicates strong bullish momentum, but also indicates that the asset could be reaching an overbought state, meaning it could be vulnerable to a short-term pullback or consolidation.

The MACD line (761.72) is well above the signal line (3460.40), confirming strong bullish momentum. The histogram is also positive, reinforcing this trend.

If this momentum holds, the bulls will aim for the next possible target at $100,000.

Conversely, if the bears act on the overextended and overvalued RSI, bitcoin price could fall, with the SMAs at $76,248 and $69,272 acting as possible support zones.

Meanwhile, investors looking for diversification opportunities could consider the newly launched Best wallet (BEST) pre-sale.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”14.681818181818″>

The twitter.com/search?q=%24BEST&src=ctag&ref_src=twsrc%5Etfw”>$BEST Token pre-sale is officially available!

For the next two weeks, this exclusive opportunity will only be available to Best Wallet users, so take advantage while you can!

Join the pre-sale now and secure your tokens at a discounted price.

Download the app! … pic.twitter.com/VItxcDHAOE

– Best Wallet (@BestWalletHQ) twitter.com/BestWalletHQ/status/1855936977184391282?ref_src=twsrc%5Etfw”>November 11, 2024

Best Wallet's Upcoming Token Feature Raises $2.7 Million in Six Weeks

Best wallet is one of the leading non-custodial Web3 crypto wallets that supports over 50 major chains. It allows users to buy, exchange, hold and sell cryptocurrencies such as bitcoin, ethereum and USDT, while maintaining control over their assets.

Best Wallet, known for challenging traditional wallets like MetaMask, offers innovative features such as its “Upcoming Tokens” tool. This feature simplifies participation in token pre-sales while protecting users from fraudulent sites.

Since launching about six weeks ago, Upcoming Tokens has already raised $2.7 million across all featured pre-sales. This highlights wallet users' growing preference for the tool as they look to launch promising projects quickly and with minimal hassle.

Best Token is also currently launching through the Upcoming Tokens feature on Best Wallet.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.134228187919″>

No more missing the initial stage twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto projects!

With Best Wallet's Upcoming Tokens feature, you can easily explore, learn, and purchase pre-sale tokens right from the app!

Download now! https://t.co/he5kzra7TY pic.twitter.com/ZcNZ1b6Up1

– Best Wallet (@BestWalletHQ) twitter.com/BestWalletHQ/status/1850145407763873939?ref_src=twsrc%5Etfw”>October 26, 2024

Since its launch, Best Wallet has processed more than 21,000 pre-sale transactions, with user growth of 810% and a monthly increase of 50%. Offers reduced rates, early access to the project, higher bet rewardsand the chance to earn more through daily airdrop tasks.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.857142857143″>

Did you know? you can win twitter.com/search?q=%24BEST&src=ctag&ref_src=twsrc%5Etfw”>$BEST Tokens by completing daily airdrop missions!

The more points you accumulate, the more twitter.com/search?q=%24BEST&src=ctag&ref_src=twsrc%5Etfw”>$BEST you will receive! Get access to exclusive features and reduced fees when the token launches.

Remember, daily quests reset every day at midnight. Not… pic.twitter.com/APEuMjfNZZ

– Best Wallet (@BestWalletHQ) twitter.com/BestWalletHQ/status/1855203729043026273?ref_src=twsrc%5Etfw”>November 9, 2024

For the first two weeks, the $BEST token pre-sale is exclusive to Best Wallet users, allowing you to get $BEST tokens at a discounted price of $0.0225 right now.

To join the pre-sale before a price increase in less than two days, download Best Wallet at $BEST Token official website here.

Related news

Best wallet – manage your cryptocurrencies

• Access DeFi and Web3 Dapps across multiple chains
• Comes with its own OpenAI-powered chatbot assistant
• Get early access to upcoming token and ICO launches
• Integrated decentralized exchange to buy and trade cryptocurrencies
• Store cryptocurrencies and nfts with industry-leading security