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bitcoin price rose 0.5% in the last 24 hours eth/pools/0x4585fe77225b41b697c938b018e2ac67ac5a20c0″>trading at $42,765 at 6:05 am EST on trading volume which increased 5% to $20.2 billion.
This surge comes as Bitwise Chief Investment Officer Matt Hougan says bitcoin ETFs open up 80% of the world's wealth to bitcoin.
In a recent interview with The Defiant, a YouTube channel focused on cryptocurrencies, Hougan suggests that the market has anticipated the approval of ETFs, as evidenced by the mainly sideways price action since their launch last week.
According to Hougan, historically, retail investors, who own a relatively small proportion of the wealth in the US, have been the main drivers of bitcoin's price.
However, with the introduction of btc ETFs to the spot market, substantial amounts of wealth can now begin to flow into the leading digital asset by market cap.
bitcoin Price Indicates Uptrend Reversal Within Ascending Channel
bitcoin price indicates a bullish trend reversal within the accumulation stage as the price bounces off the lower boundary of the ascending channel. The bulls could be preparing to push the price beyond the $49,000 threshold.
Technical indicators remain bullish as btc price trades above the 50-day and 200-day simple moving averages (SMA), affirming bullish momentum with the emergence of a golden cross at the pivotal level of $28,500.
The Relative Strength Index (RSI) is indicating a bounce above the 50 midline level. With a little push, the RSI could rally again and reach the overbought level of 70.
bitcoin price bulls prepare for a return above $49,000
The bounce off the lower boundary has allowed the bulls to recoup last week's losses as they target higher levels above the $49,000 resistance.
A sustained effort may break the $49,000 barrier, driving the btc price higher, with bullish investors targeting higher levels above the $50,000 mark.
In the meantime, purchasing BTCMTX might be an investment you want to consider to diversify your cryptocurrency portfolio.
BTCMTX final pre-sale stage approaching with limited 3-hour window
The bitcoin Minetrix (BTCMTX) The pre-sale project has already secured over $8.6 million in funding as it nears its final stage before launch. The BTCMTX token is sold for $0.0129.
With the upcoming halving in April, mining costs are expected to skyrocket.@RiotBlockchain, @TeraWulfIncand @CleanSpark_Inc They are well positioned, but what is your opinion on how other miners will adapt?
On the other hand, #BitcoinMinetrix It has also raised over $8,400,000! pic.twitter.com/BwdYTOkrWF
—Bitcoinminetrix (@bitcoinminetrix) January 15, 2024
bitcoin Minetrix is a decentralized tokenized cloud mining platform that allows everyday people to participate in bitcoin (btc) mining. It offers access to the staking feature to mine for investors who purchase in the pre-sale, allowing them to earn passive income.
In order to mine on the BTCMTX platform, you need an ethereum-compatible wallet like MetaMask to purchase and store BTCMTX tokens, simplifying the process.
Exploring safety and security with #BitcoinMinetrix! #BTCMTX guarantees the security of the fund with negotiable securities owned by the user #records.
Conventional cloud mining – requires cash deposits. pic.twitter.com/LGbwxbJHck
—Bitcoinminetrix (@bitcoinminetrix) January 10, 2024
Buy BTCMTX now, earn rewards and passive income
With limited time available, you can purchase BTCMTX and have a chance to join the $30,000 minedrop airdrop competition, where you can win a $3,000 reward among ten lucky winners.
When you acquire your tokens, you have the opportunity to Stake them and get a guaranteed 77% Annual Percentage Yield (APY)..
Your staked tokens can also generate non-tradable ERC-20 token credits, which must be burned to acquire btc cloud mining power.
picking out #BitcoinMinetrix For mining simplicity!
Embrace worry-free mining with cloud solutions, eliminating the need to worry about selling equipment.
With #BTCMTX By monitoring updates, users can focus on their $btc Travel without the headaches of outdated hardware. pic.twitter.com/Qtg4kLNCi4
—Bitcoinminetrix (@bitcoinminetrix) January 15, 2024
Alessandro De crypto, a crypto analyst on YouTube with over 12,000 subscribers, offers a clear guide on how to buy bitcoin Minetrix. He also highlights how the gamble mining feature can be used to increase profits.
https://www.youtube.com/watch?v=gjmC2GJqroI
To join the pre-sale, visit the BTCMTX website, connect your digital wallet and exchange your eth or USDT for BTCMTX tokens. You can also buy directly with your bank card.
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- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
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