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bitcoin price fell 5.5% in the last 24 hoursbitcoin“> trading at $43,569 at 4:50 a.m. EST, even as trading volume soared 77% to $44 billion.
This comes as Goldman Sachs seeks a role in bitcoin ETFs with BlackRock and Grayscale. Investment bank Goldman is in talks to become an authorized participant in bitcoin ETFs proposed by BlackRock and Grayscale, according to reports from Bloomberg and CoinDesk.
As an authorized participant, Goldman Sachs would play a crucial role in the creation and redemption of ETF shares, ensuring that the value of the ETFs aligns with the underlying assets.
Goldman Sachs' move may signal a shift among large US banks to engage more directly with cryptocurrencies and could pave the way for greater institutional participation in the cryptocurrency market.
bitcoin price falls below $45,000
bitcoin price fell below the $45,000 threshold, eating into the gains made by the bulls on Tuesday.
However, the overall sentiment towards btc remains bullish as it maintains its position above the 50-day and 200-day simple moving averages (SMA).
The Relative Strength Index (RSI) is also trading lower, approaching the mid-level of 50. However, there is a possibility that the RSI could recover and reach the overbought level of 70.
bitcoin Price: Bulls Find an Anchor at $42000 Support
As the price continues the downtrend, the bulls are working hard to regain the lost gains, indicating a bounce at the $42,000 level. Sustained momentum could help break through the $45,000 resistance, setting btc price on an upward trajectory as bullish investors focus on reaching the $50,000 mark.
As the price of bitcoin falls and looks to recover, investors are rushing to acquire BTCMTX as they anticipate the approval of a bitcoin spot ETF, and analysts say the token could offer an opportunity for early buyers to earn a return. 10 times larger.
bitcoin Minetrix pre-sale closes with a goal of $7.9 million
bitcoin Minetrix (BTCMTX) is poised to raise $7.5 million as it nears its $7.9 million goal. Investors have less than two days left to participate in the pre-sale at the current discounted price of $0.0126 before it rises in the later stage.
Happy New Year, #BTCMTX Community!
Exceeding $7,200,000 is a stellar way to start 2024.
Here's to an amazing year ahead!#Happy new year #CryptoMilestone pic.twitter.com/IGO0Jv70AA
—Bitcoinminetrix (@bitcoinminetrix) January 2, 2024
The BTCMTX platform provides a creative solution to the problems associated with conventional bitcoin mining methods. It also offers you the opportunity to generate passive income through the gamble feature to mine. Currently, staking BTCMTX tokens guarantees a significant Annual Percentage Yield (APY) of 88%.
He #BitcoinMinetrix Solution
Presenting a reliable cloud mining platform for every day crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto users that aims to solve the problem of high hardware costs and misleading scams that have deterred people from $btc mining.
This decentralized method safeguards the interests of users. pic.twitter.com/GDFmveEvGQ
—Bitcoinminetrix (@bitcoinminetrix) January 4, 2024
The BTCMTX team has created a $30,000 mining drop airdrop that you can participate in. There is a $3,000 reward for ten winners.
Conor Kenny, a cryptocurrency specialist with a YouTube channel that has over 173,000 subscribers, recently featured bitcoin Minetrix in one of his videos. He shares valuable information on how to acquire the cryptocurrency and optimize returns through his mine staking functionality.
Participating in the pre-sale is an easy process. Visit the BTCMTX website and connect your digital wallet to exchange your eth or USDT for BTCMTX tokens or purchase directly with your bank card.
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