NEWSLETTER
The bitcoin roller mountain walk continues, and according to Bitmex co -founder, Arthur Hayes, the next stop could be $ 70k. Its prediction follows at least four months of bitcoin of $ 76.8K on March 11, marking a 36% correction from its $ 110K historical maximum.
But Hayes reassures investors: this is the behavior of the bullish textbook market, not a long -term weakness.
Your thesis? Traditional markets must be blocked first. Hayes believes that the S&P 500 ($ SPX) and Nasdaq ($ NDX) will have to immerse themselves before the institutions intervene with quantitative flexibility (QE), the economic life line that floods the system with liquidity. More money in the system means higher asset prices, and that was when bitcoin could see his next increase.
The data seems to admit this perspective. bitcoin's Relative Force Index (RSI) is at its lowest point since August 2024, often a sign of a trend reversion. In addition to that, bitcoin market capitalization is reflecting the cooling prior to the rally, suggesting that the current sauce could be configuring the next important movement.
If you are right, bitcoin's short -term pain could be a long -term gain. A final drop at $ 70K can be the last stop before the renewed institutional demand sends btc to new maximums. The question is, are we in the lower part, or does another shake come?
The US dollar index ($ dxy) recently saw one of its greatest weekly decreases, reinforcing the perspective of Hayes. A weakening dollar often precedes capital rotation in bitcoin, which makes this a strong signal for a possible investment of $ btc.
Coinbase's return to India
After the regulatory problems that forced him to withdraw from the market in 2023, Coinbase is doing triumphal performance.
India, recognized by its dynamic cryptographic and its chain innovation panorama, is considered a crucial market for coinbase growth.
The company plans to launch retail services at the end of this year, with greater expansion and development of products to follow.
<a target="_blank" href="https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/” target=”_blank” rel=”noopener nofollow”>Sample analysis chain which India has the highest rate of basic cryptographic adoption. This, together with the return of Coinbase, could see some bullish perspectives for the industry.
Which of the best Altcoins could benefit from these updates? Here, we have seen three who could see a positive trend in the future despite the current fall.
1.
btc Bull Token ($ BTCBull) It is linked to $ btc. Holders can gain liabilities $ btc when bitcoin reaches the key project of the project. Who does not love getting something to do nothing?
In addition, developers implement tokens burns at specific intervals to promote tokens shortages and increase their value. Only another reason why this is one of the new and most exciting crypts in the market at this time.
It is the Token that is not shy to load. Taking advantage of the industry terminology (bull/bullish market), investors have a clear idea what to expect.
Currently it is sold to $ 0.002405, the price of Token has already increased 6.38% since its starting rate of $ 0.00235 in February during presale launch. The first investors can receive 122% APY if they accumulate during presale. Complete details on how to buy $ BTCBull can be found in our guide.
Recent actions of the White House, including the bitcoin strategic reserve and the reserve of digital assets that specifically mention bitcoin, will undoubtedly increase the activity for $ btc and $ BTCBull.
2. Meme index ($ memex): indices adapted to each risk profile
A volatile market can be discouraging for new investors who wish to mitigate the greatest possible risk, but Meme index ($ memex) It has a solution to this and something for those who love to dive first on both feet.
$ Memex brings four different indexes with different degrees of risk (based on volatility) and the reward. In ascending risk order:
MEME MONSHOT Index – Full of the best meme coins that are about to challenge the Top 8. Many already appear in CEX or are about to be. It consists of tokens that have great followers but still have to decipher the market capitalization of $ 1b.
Meme Midcap Index – Volatility increases a notch here. These chips are around the $ 50m range – $ 250 million and could be shot or plummeted.
Meme frenzy index – For those who like to live at the limit. This basket is full of high -risk and high reward chips that have the potential to rise or spiral quickly. Each token in this basket is selected by hand by members of the community.
3. Penguins repeat offenders ($ Peñum) – Penguin Power: Community Revival
Possibly one of the most beautiful meme coins on the market, Dordines penguins This is positivity, proliferating the cultivation of penguin memes and good vibrations.
It is currently sold at $ 0.0059967, has a market capitalization of $ 377.21 million at the time of writing.
Although he experienced a recent price drop, world cryptographic news such as the formation of the Bitcoins strategic reserve and the reintroduction of Coinbase back to India, twice with the overwhelming community support in community support in <a target="_blank" href="https://x.com/pudgypenguins” target=”_blank” rel=”noopener nofollow”>Your social media platforms such as xI could see this change to an ascending trend due to the increase in market activity.
You can also buy adorable penguin products together and read more about your tradition in the Official website.
This article is not the financial advice of a professional, and must do your own research before investing. Invest only what you can pay and feel comfortable losing; Remember that there are no guarantees of winning or loss.
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