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bitcoin price has soared 3% in the last 24 hours bitcoin/”>trading at $38,585 As of 11:45 a.m. EST, trading volume increased 12% to $21.5 billion.
The surge came after news that MicroStrategy CEO Michael Saylor had added 16,130 btc worth $593 million to the company's holdings.
MicroStrategy has acquired an additional 16,130 btc for ~$593.3 million at an average price of $36,785 per bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin. As of 11/29/23, @MicroStrategy now it has 174,530 $btc acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. $MSTR https://t.co/hSEZyzGBsr
—Michael Saylor (@saylor) November 30, 2023
The November acquisition increased his bitcoin holdings by more than 10% to 174,530 btc, with an average acquisition cost of $30,252 per coin. Saylor bought the last lot at an average price of $36,785 per coin.
bitcoin Price: Bulls Push Price Above Ascending Triangle
A recurring ascending triangle pattern is evident as bullish momentum drives the cryptocurrency higher, surpassing the $38,000 resistance level.
The current bitcoin price is above the 50-day and 200-day simple moving averages, reinforcing the prevailing bullish sentiment and potentially establishing a long-term support base.
The Relative Strength Index (RSI) at 64 is also indicating a bounce, indicating increasing buying pressure.
On the contrary, the bears are still hovering around the $38,000 resistance level. They could apply downward pressure and pull the price back towards the $35,500 support level, lining up with the lower boundary of the ascending triangle.
bitcoin ETF Token Nears $2.5 Million Target, Price Surges in 15 Hours
With anticipation of the possible approval of a bitcoin spot ETF before January 10, investors are rapidly acquiring BTCEFT tokens. They may be worth considering for investors interested in a leveraged play on bitcoin with more risk but potentially huge rewards.
The bitcoin ETF token represents an innovative initiative to capitalize on the continued success of bitcoin.
He #BTCETF #Symbolic represents more than just a typical #DigitalCurrency; is a forward-thinking initiative that is shaping the future of bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF.
Taking advantage ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum, #BitcoinETF anticipates and embraces this next evolution, presenting exclusive benefits to its user base. pic.twitter.com/inReCyJ3Ax
– BTCETF_Token (@BTCETF_Token) November 28, 2023
A green light for a spot bitcoin ETF is expected to cause a surge in bitcoin value, propelling the BTCEFT token to new heights.
Switzerland @PandoAsset enter the place of the USA bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin #ETF race among a wave of applicants, including @BlackRock and @Fidelityhinting at a possible change in the crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto landscape. #BitcoinETF It also achieves a groundbreaking milestone by raising over $2 million! pic.twitter.com/NyGzDQIMkf
– BTCETF_Token (@BTCETF_Token) November 30, 2023
Currently in its sixth pre-sale phase, the project has already amassed an impressive $2.1 million in funding and is approaching its $2.5 million milestone.
The opportunity to reap the rewards of this project is available by acquiring BTCEFT tokens at a current price of $0.006.
This price will increase progressively in later stages until reaching its final launch price.
There are only 24 hours left until the end of #BitcoinETF Stage 6! Keep watching! pic.twitter.com/UbaheRgNds
– BTCETF_Token (@BTCETF_Token) December 1, 2023
Passive Income – Stake Your BTCETF Tokens for 119% APY
Beyond simply acquiring tokens and waiting for their value to appreciate, investors now have the tantalizing opportunity to stake their BTCEFT tokens. This allows them to earn passive income. Currently, the bitcoin ETF offers an exceptionally attractive annual percentage yield (APY) of 119%.
Of the 525 million BTCEFT tokens allocated for staking, 218 million tokens have already been staked. Stake rewards will be distributed over 5 years.
Popular YouTuber and crypto analyst Michael Wrubel has expressed his bullish stance on BTCEFT in a review video. He believes the project has significant potential for explosive growth, especially following the approval of a bitcoin spot ETF.
Visit the official website of bitcoin ETF Token, connect your wallet and exchange eth, BNB, MATIC or USDT for BTCETF. Alternatively, you can use your bank card to make the purchase.
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