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<![CDATA[<figure class="image"><img src="https://cimg.co/news/126444/333888/pasted-image-0-3.jpg" srcset="https://cimg.co/news/126444/333888/responsive-images/pasted-image-0-3___media_library_original_1439_807.jpg 1439w, https://cimg.co/news/126444/333888/responsive-images/pasted-image-0-3___media_library_original_1200_673.jpg 1200w, https://cimg.co/news/126444/333888/responsive-images/pasted-image-0-3___media_library_original_900_505.jpg 900w, https://cimg.co/news/126444/333888/responsive-images/pasted-image-0-3___media_library_original_720_404.jpg 720w, https://cimg.co/news/126444/333888/responsive-images/pasted-image-0-3___media_library_original_600_336.jpg 600w, https://cimg.co/news/126444/333888/responsive-images/pasted-image-0-3___media_library_original_300_168.jpg 300w" width="1439" class="content-img" alt=""><figcaption>Source / Bitcoin Minetrix</figcaption></figure>Monday, October 16th, 2023 - After the US Securities and Exchange Commission (SEC) declined to request an appeals court reconsideration of the Grayscale Bitcoin ETF, the Bitcoin price has exploded - triggering a scramble for Bitcoin alternatives such as Bitcoin Minetrix ($BTCMTX).Allured by the prospect of this new tokenized Bitcoin cloud mining platform, which enables retail investors to mine BTC across decentralized mining infrastructure, the <a href="https://cryptonews.com/ext/bitcoinminetrix/en">Bitcoin Minetrix presale</a> has now entered its second stage with $1,583,700 raised.<figure class="media"><oembed url="https://twitter.com/bitcoinminetrix/status/1713805043634151666"></oembed></figure><h2 id="strong-bitcoin-price-surge-investors-flock-to-bito-etf-as-sec-backs-down-over-grayscale-bitcoin-spot-etf-ruling-strong">Bitcoin Price Surge: Investors Flock to BITO ETF as SEC Backs Down Over Grayscale Bitcoin Spot ETF Ruling&nbsp;</h2>The Bitcoin price has been invigorated by the <a href="https://www.reuters.com/markets/us/us-sec-does-not-plan-appeal-court-decision-grayscale-bitcoin-etf-source-2023-10-13/">SEC&rsquo;s latest move</a>, and this comes amid revelations that the US Government holds the <a href="https://cryptonews.com/news/bitcoin-price-prediction-btc-slips-25-as-regulatory-winds-national-reserves-shape-future.htm">biggest BTC reserve of any country</a>.&nbsp;The huge shift in fundamental headwinds has seen Bitcoin&rsquo;s price push up for three consecutive days, with BTC currently trading at a <a href="https://www.tradingview.com/symbols/BTCUSDT/">market price of $28,200</a>.The top cryptocurrency is printing a dramatic day on the markets, with a fake news story published by CoinTelegraph sending its price surging above the 20DMA - a moving average which saw a double-rejection of upside movements by Bitcoin just over a week ago.<figure class="image"><img src="https://cimg.co/news/126444/333887/pasted-image-0-2.jpg" srcset="https://cimg.co/news/126444/333887/responsive-images/pasted-image-0-2___media_library_original_1600_860.jpg 1600w, https://cimg.co/news/126444/333887/responsive-images/pasted-image-0-2___media_library_original_1200_645.jpg 1200w, https://cimg.co/news/126444/333887/responsive-images/pasted-image-0-2___media_library_original_900_484.jpg 900w, https://cimg.co/news/126444/333887/responsive-images/pasted-image-0-2___media_library_original_720_387.jpg 720w, https://cimg.co/news/126444/333887/responsive-images/pasted-image-0-2___media_library_original_600_323.jpg 600w, https://cimg.co/news/126444/333887/responsive-images/pasted-image-0-2___media_library_original_300_161.jpg 300w" width="1600" class="content-img" alt=""><figcaption>TradingView / BTC USDT</figcaption></figure>The shift to upside momentum has been triggered by market excitement at the potential demand-side pressure an imminent Bitcoin spot ETF could induce.And this has had knock-on implications for futures market ETFs, such as the ProShares Bitcoin Strategy ETF (BITO) - which has surged an <a href="https://www.nasdaq.com/market-activity/etf/bito">impressive 5.29%</a>.But while TradFi markets await the arrival of the highly anticipated ETF, investors are rushing to identify alternative investments at lower price points.<h2 id="strong-why-bitcoin-minetrix-is-important-for-bitcoin-network-security-strong">Why Bitcoin Minetrix is Important for Bitcoin Network Security</h2>No longer the mainstay of basement ASICs, Bitcoin mining is now a <a href="https://www.precedenceresearch.com/cryptocurrency-mining-marke">multi-billion dollar industry</a>, but with the success of Bitcoin mining centers comes the challenge of increased centralization.<figure class="image"><img src="https://cimg.co/news/126444/333886/pasted-image-0-1.jpg" srcset="https://cimg.co/news/126444/333886/responsive-images/pasted-image-0-1___media_library_original_1204_650.jpg 1204w, https://cimg.co/news/126444/333886/responsive-images/pasted-image-0-1___media_library_original_1200_648.jpg 1200w, https://cimg.co/news/126444/333886/responsive-images/pasted-image-0-1___media_library_original_900_486.jpg 900w, https://cimg.co/news/126444/333886/responsive-images/pasted-image-0-1___media_library_original_720_389.jpg 720w, https://cimg.co/news/126444/333886/responsive-images/pasted-image-0-1___media_library_original_600_324.jpg 600w, https://cimg.co/news/126444/333886/responsive-images/pasted-image-0-1___media_library_original_300_162.jpg 300w" width="1204" class="content-img" alt=""><figcaption>Blockchain.com / Bitcoin Hashrate</figcaption></figure>Indeed, with just two mining pools (Foundry USA and Antpool) <a href="https://www.blockchain.com/explorer/charts/pools">representing 57.5%</a> of the Bitcoin network hashrate, mining centralization is desperately in need of modern solutions to ensure long-term network security.This is where the magic of Bitcoin Minetrix comes into play, with Bitcoin cloud mining offering the opportunity for everyday investors to claim their slice of the pie - while bolstering Bitcoin&rsquo;s network security.All interested parties have to do is <a href="https://cryptonews.com/ext/bitcoinminetrix/en">buy $BTCMTX tokens in presale</a> and stake them to earn cloud mining credits, with Bitcoin Minetrix&rsquo;s automated system handling the heavy work.In effect, this means no more expensive barriers to entry such as costly hardware requirements, or complicated technical understandings - simply buy, stake, and earn to unlock the benefits of Bitcoin mining rewards.<h2 id="strong-unlock-market-beating-733-apy-staking-returns-with-btcmtx-strong">Unlock Market-Beating 733% APY Staking Returns With $BTCMTX&nbsp;</h2>With a total supply of 4 billion tokens, Bitcoin Minetrix opens the door to smaller investors, offering the opportunity to gain &lsquo;Wholecoiner&rsquo; status at a fraction of the cost.But the benefits don&rsquo;t stop there, with 7.5% of the $BTCMTX supply designated towards staking.This creates a dual-earn function, which enables holders to first earn $BTCMTX tokens at a jaw-dropping rate of 733% APY - with 158.5 $BTCMTX rewarded for every ETH block produced.Then in a secondary move, access to passive BTC income following the launch of mining operations and the smooth transition to stake-to-mine earning.<figure class="media"><oembed url="https://twitter.com/bitcoinminetrix/status/1709944350275473795"></oembed></figure>What&rsquo;s more? For intrepid holders that back Bitcoin Minetrix in its presale stages there is also the opportunity to participate in a <a href="https://bitcoinminetrix.com/en#minedrop">$30,000 Minedrop giveaway</a> (hosted via Gleam).<h2 id="strong-in-testament-to-technology-bitcoin-minetrix-emerges-as-leading-choice-for-crypto-influencers-strong">In Testament to Technology, Bitcoin Minetrix Emerges as Leading Choice for Crypto Influencers&nbsp;</h2>With such an enticing offer on the table, it comes as no surprise that leading crypto influencers are taking note as Bitcoin Minetrix emerges as a leading choice amongst YouTubers.Spurred on by the promise of enhanced decentralization of the Bitcoin network, accessibility for the retail investor, and an impressive dual-earning opportunity - swathes of influencers have come out to publicly support the project.Top YouTube crypto influencer <a href="https://www.youtube.com/watch?v=ST0gouFLaTg">Joe Parys Crypto described Bitcoin Minetrix</a> as a fantastic solution for those seeking exposure to Bitcoin mining.&ldquo;Bitcoin cloud mining may be a really cost-effective way to not have to deal with any of the hassles associated with Bitcoin mining today,&rdquo; stated Parys.&ldquo;Running a massive computer and dealing with the [costs of] electricity sounds like an absolute headache to me - it&rsquo;s something I would massively want to avoid.&ldquo;So if you&rsquo;re looking to gain some exposure to Bitcoin mining this could potentially offer you an avenue&rdquo;.While top British crypto influencer Jacob Bury predicted a 10x return on the $BTCMTX token in the next bull run in his latest coverage of this rapidly growing project.<figure class="media"><oembed url="https://www.youtube.com/watch?v=szCfD9fLjEo"></oembed></figure>And the hype hasn&rsquo;t been limited to the Western hemisphere, with leading Arabic influencer <a href="https://www.youtube.com/watch?v=u4IsEbM91Fo">Abdessamad Geek</a> providing coverage, alongside prominent Russian influencer <a href="https://www.youtube.com/watch?v=07errhk9dZ8">MoneyTime</a>.But Bitcoin Minetrix&rsquo;s growth in social media mentions doesn&rsquo;t stop at YouTube, with a number of prominent voices on Crypto X also spotlighting the potential of this fresh-faced Bitcoin project.Prominent crypto influencer Hamid recently shared alpha on Bitcoin Minetrix with his army of 23,400 followers.<figure class="media"><oembed url="https://twitter.com/HaMidOwAiSi3/status/1713002495570751549"></oembed></figure><h2 id="strong-how-to-get-started-in-bitcoin-mining-look-no-further-than-bitcoin-minetrix-diversify-your-btc-exposure-today-strong">How to Get Started in Bitcoin Mining? Look No Further Than Bitcoin Minetrix - Diversify Your BTC Exposure Today</h2>With a growing community backing the future of Bitcoin mining, there are already 112.6m $BTCMTX tokens staked - with holders already profiting from the distribution of 158.5 $BTCMTX per ETH block validated.To <a href="https://cryptonews.com/ext/bitcoinminetrix/en">join the Bitcoin Minetrix presale</a> is simple, all a user needs to do is connect a crypto wallet loaded with either ETH or USDT (users can also just use a bank card!) and select their chosen amount of $BTCMTX to purchase.From there it only takes a couple of clicks to stake and begin earning passively!To ensure you don&rsquo;t miss any updates, stay tuned by joining the growing community of Bitcoin Minetrix holders on <a href="https://twitter.com/bitcoinminetrix?s=21">X</a>, <a href="https://discord.com/invite/HDSx3AQWwV">Discord </a>and <a href="https://t.me/bitcoinminetrix">Telegram</a>.<a href="https://cryptonews.com/ext/bitcoinminetrix/en">Buy Bitcoin Minetrix today</a>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Crypto Prices Pump As Grayscale ETF Won’t Be Appealed By SEC, Is This Bitcoin Alternative The Best Crypto To Buy Now?

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