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bitcoin price fell 4% in the last 24 hours bitcoin/”>listed at $64,342 at 02:38 am EST on trading volume which increased by 37% to $32.7 billion.
This decline coincides with the total cryptocurrency market capitalization falling by around 4% in the last 24 hours to approximately $2.34 trillion, led by btc.
The cryptocurrency market is experiencing a sudden cryptocurrency crash today due to several factors. The arrest yesterday of the CEO and CTO of Samourai Wallet by the US Department of Justice caused a domino effect throughout the market, resulting in significant drops in major cryptocurrencies, including bitcoin and ethereum, within an hour of the advertisement.
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BREAKING NEWS: The Department of Justice charged and arrested the twitter.com/SamouraiWallet?ref_src=twsrc%5Etfw”>@SamouraiWallet co-founders with “conspiracy to commit money laundering and conspiracy to operate an unlicensed money transfer business.” pic.twitter.com/gdEhPB0guo
– Will Foxley (@wsfoxley) twitter.com/wsfoxley/status/1783213246033305982?ref_src=twsrc%5Etfw”>April 24, 2024
Additionally, market volatility has been exacerbated by geopolitical tensions in the Middle East, specifically the Israeli military's actions against Hezbollah-linked sites in southern Lebanon.
These factors combined have created an environment of uncertainty that has caused investor unrest and widespread liquidation of long positions.
There has also been a decline in btc spot ETF (exchange-traded fund) inflows, with BlackRock's iShares bitcoin Trust (IBIT) recording zero flow for the first time since its inception.
bitcoin Price Set for a Trend Reversal Above Bullish Pennant
bitcoin price has been rising steadily since November last year as the bulls pushed the price to the resistance around $49,000. This resistance allowed the bears to push the price down through a slight pullback to $40,000.
btc bulls then took control of the price, pushing bitcoin through a margin phase to an all-time high (ATH) of $73,737 in March. Since then, btc has been in a consolidation channel and finally formed a bullish pennant.
btc is trading above the 200-day SMA, confirming the bullish rally. If the bulls maintain this momentum, btc could surpass the 50-day SMA at $67,479, further consolidating the bullish sentiment.
Furthermore, the Relative Strength Index (RSI) is also recovering from the oversold level of 30 to 45, a sign that buying pressure is steadily increasing. If the momentum continues, the RSI will shoot up to the 70 overbought region, showing continued investor optimism.
bitcoin price prediction
bitcoin price analysis shows a long-term bullish bias, with the price aiming to break out of the consolidation channel as bulls target $85,000.
The positive movement of the RSI and the golden cross at $67,669 indicates a positive outlook for optimistic investors.
However, if the bears put more pressure on this level, btc could pull back to the next support zone at $48,268, coinciding with the 200-day SMA.
Meanwhile, as bitcoin price bulls prepare for a reversal, investors continue to buy bitcoin Minetrix, a bitcoin derivative that has raised over $13 million.
bitcoin Minetrix Offers Last Buying Opportunity: Pre-Sale Ends in 3 Days
Investors have just under three days to purchase the staking and mining crypto token. bitcoin Minetrix (BTCMTX) before the pre-sale concludes at 12:00 UTC on Sunday, April 28, and the subsequent claim on April 30 at 10:00 UTC.
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twitter.com/hashtag/BTCMTX?src=hash&ref_src=twsrc%5Etfw”>#BTCMTX Advertisement!
The final stage of twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix It will end on April 28 at 12 pm UTC!
Followed by the claiming event scheduled for April 30 at 10 pm UTC!
Mark your calendars to make sure you don't miss these important dates! pic.twitter.com/s8RSTqlj6I
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1782427947640508812?ref_src=twsrc%5Etfw”>April 22, 2024
Usually, bitcoin cloud mining involves high hardware costs and deceptive scams. bitcoin Minetrix solves those problems by offering a reliable cloud mining platform for everyday cryptocurrency users, allowing them to avoid the complexity and resource-intensive nature of the activity.
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Introducing the concept of twitter.com/hashtag/CloudMining?src=hash&ref_src=twsrc%5Etfw”>#CloudMining for $btc
Cloud mining allows people to participate in twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mine without the hassle of owning or managing the hardware themselves.
Exploring the benefits:
No initial hardware costs.
Requires only basic technical knowledge. pic.twitter.com/0rke3tRJ5l
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1783405639693115852?ref_src=twsrc%5Etfw”>April 25, 2024
bitcoin Minetrix deploys ethereum smart contracts to offer investors higher returns through a staking protocol that mines real bitcoin. All you have to do is buy and bet BTCMTXwhich has an impressive annual percentage yield (APY) of 53%.
Staking users will receive cloud mining credits when bitcoin Minetrix launches, representing hash power.
According to Cryptonews, a crypto YouTube channel, BTCMTX has the potential to rise 20x after launch.
The token has a fixed price of $0.0148 until the conclusion of the ICO. If you are interested, buy now before time runs out.
To participate in the pre-sale, visit the official BTCMTX website here and exchange your eth or USDT for BTCMTX. You can also make purchases directly with a bank card.
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