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The price of bitcoin skyrocketed again in the last 24 hours, reaching almost $35,000 for the first time since May 2022. Of course, the price was still spiraling down back then, with the bear market at its strongest.
bitcoin began seeing a price surge about a week ago when news emerged that the SEC gave the green light to a proposed bitcoin spot ETF, launching btc at $29k. However, when it was revealed that this was a false report, the price corrected, only to begin real and steady growth.
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bitcoin has surprised the market by jumping $4k in 4 hours today. Traders now see huge potential for the coin’s long-term performance, with some suggesting that btc is perfectly positioned to kick-start a long-term rally. Something like this usually requires a major beneficial event, like ETF approval or bitcoin halving.
However, the halving will not occur for another six months, and although the SEC has not yet approved any of the ETF’s proposals, the ETF’s optimism is believed to be the main cause of the rally.
It is worth noting that bitcoin bears lost around $178 million when the price broke the $34,000 barrier, according to data from Binance, Huobi, and OKX. This comes as bearish bets on bitcoin failed due to the surge. However, it remains to be seen whether btc will continue to rise.
One of the projects that could benefit greatly from the rise in bitcoin prices is bitcoin Minetrix (BTCMTX). This new project still maintains its pre-sale, but in just a few weeks it managed to raise more than 2.1 million dollars thanks to its offer that interested many bitcoin fans.
bitcoin Minetrix is a transparent and decentralized cloud mining platform that allows users to stake their tokens, receive credits, and use those credits to mine btc. This is a great opportunity for the user to mine new coins without purchasing expensive equipment or paying hefty electricity bills.
Additionally, since the project is completely decentralized, it differs from many of the cloud mining platforms seen in the past, which turned out to be scams.
bitcoin Minetrix is well aware that user trust in cloud mining has been shaken, so it aims to restore it. Those interested in purchasing its token can obtain it in exchange for eth, USDT or purchase it directly with a credit card.
Right now the price of the token is $0.0112, but in 4 days it will see a price increase, so buying it now opens up an opportunity to get it cheaper.
Related
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
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