Bitcoin

Green

Spot

Gains

The post <a href="https://coinpedia.org/press-release/bitcoin-passes-63k-nears-ath-as-green-bitcoin-ico-exceeds-1m/">Bitcoin Passes $63k &amp; Nears ATH as Green Bitcoin ICO Exceeds $1m</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Bitcoin’s (BTC) price has surged well over 20% in the past week, nearing its all-time high as bullish momentum takes over the crypto market. 
The rally comes amid growing institutional adoption, evidenced by the growth of spot Bitcoin ETFs.&nbsp; 
Meanwhile, Green Bitcoin (GBTC), a new eco-friendly project hosted on Ethereum, has already raised over $1 million in its ICO as investors seek early exposure to its growth. 
<h2 class="wp-block-heading" id="h-bitcoin-blasts-past-63k-as-bulls-eye-new-ath">Bitcoin Blasts Past $63k as Bulls Eye New ATH</h2> 
Bitcoin’s impressive rally has pushed its price over $63,000. 
This marks a notable recovery from the lows of around $38,600 seen at the end of January. 
Bitcoin has now posted five consecutive green daily closes, showing strong momentum and building on its previous gains. 
Spot trading volumes<a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener sponsored nofollow"> are also up significantly</a>, rising 121% and indicating renewed interest in the coin as an asset to buy and hold. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/ABvfXTaL1xhZtNcT3nangm9d3XOHZNnVAt7xfQFvTuZVagT0WPxYZqU9wvaYFicJj6T5C4f35YKGaQ9lTZUp7GIvZkpi3v7-dYu4shflcbJNG7rtDTPCZbbJFqaCYZZjswcH3b7xFdg7ToudwjA7pas" alt="trading view">
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The rally has propelled Bitcoin’s market cap back over the $1.2 trillion mark as it closes in on its all-time high of $68,789 set in November 2022. 
Short sellers have been caught off guard by the speed of the rally, with<a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener sponsored nofollow"> over $409 million in shorts</a> liquidated in the past 24 hours. 
The<a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="noreferrer noopener sponsored nofollow"> Crypto Fear &amp; Greed Index</a> has even surged above 80 – its highest value in over two years. 
Together, these elements paint a picture of growing bullishness around Bitcoin as retail and institutional buyers accumulate the coin. 
<h2 class="wp-block-heading" id="h-perfect-storm-of-catalysts-propels-btc-s-price-higher">Perfect Storm of Catalysts Propels BTC’s Price Higher</h2> 
Bitcoin’s recent surge stems from a mix of factors. 
Firstly, ETF issuers have been aggressively buying up more BTC than miners are producing –<a href="https://x.com/Matt_Hougan/status/1762846266093125793?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow"> over ten times more</a>. 
This supply and demand imbalance is creating upward pressure on the Bitcoin price. 
Secondly, Bitcoin ETFs are<a href="https://x.com/BTC_Archive/status/1762495958502535223?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow"> rapidly closing the gap</a> on gold ETFs in assets under management (AUM), highlighting BTC’s growing legitimacy as a mainstream investment. 
Currently, Bitcoin ETFs hold an impressive $40.7 billion compared to Gold’s $92 billion. 
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Furthermore, major institutions like Fidelity are steadily increasing their Bitcoin allocations. 
Fidelity’s recent move to raise its Bitcoin exposure in certain funds from 1% to 3% signals massive potential for further inflows. 
Finally, derivatives data hints at a potential gamma squeeze like the one seen in October. 
This could force market makers to buy more Bitcoin for hedging purposes, pushing the price even higher.&nbsp;&nbsp; 
With solid fundamentals and rocketing institutional demand, Bitcoin looks well-placed for continued growth. 
<h2 class="wp-block-heading" id="h-green-bitcoin-s-ico-exceeds-1m-as-eco-friendly-staking-protocol-gains-traction">Green Bitcoin’s ICO Exceeds $1m as Eco-Friendly Staking Protocol Gains Traction</h2> 
Another crypto that has been performing exceptionally well alongside Bitcoin is<a href="https://bs_08d89f01.coinpedia.care/?referrer=bitcoin-passes-$62k--nears-ath-as-green-bitcoin-ico-exceeds-$1m" target="_blank" rel="noreferrer noopener sponsored nofollow"> Green Bitcoin</a>. 
The early success of the Green Bitcoin ICO, which has now raised over $1 million, demonstrates the growing interest in more sustainable crypto models. 
Put simply, Green Bitcoin is an Ethereum-based project that sets itself apart by combining the best parts of Bitcoin and Ethereum. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/2zzTqzzejy4lT-FItkpAaM-YJanYzwcuu8g6My8AHwFpxe6t_Y0vPOlrCmAyyqaObTEnkaxBYlfI-gk_0qupbcKCuwoUTCvMXou02r-9PozNhD-MguvVFvCIReOUcSLUD1yFVZsxQz2ENZesB1UK3Fg" alt="green bitcoin">
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By using a Proof-of-Stake consensus mechanism, Green Bitcoin reduces the energy required to validate transactions. 
This allows it to minimize its environmental impact compared to energy-intensive models like Bitcoin’s Proof-of-Work. 
Beyond its green architecture, Green Bitcoin also encourages the long-term holding of GBTC through its “gamified staking” model. 
This model enables users to predict whether Bitcoin’s price will go up or down, rewarding them for accurate forecasts. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/NdV4tttJeh2VhRwWBfZW6OKUv3DxQWEU2xED__2AHi_NtuPC9r-27IJf-3usKXHzpXASB14wfNfHM4gf4k-grEpQiUlpzbAxbrpT-0-B_n3o_m_aVgG9qh5YNi1eWz61sHcpm_Ob6egINFC0N0tOrKs" alt="green btc">
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The<a href="https://greenbitcoin.xyz/en/dashboard" target="_blank" rel="noreferrer noopener sponsored nofollow"> base staking rate</a> is set at 250% per year, although users can earn bonuses by staking for longer periods or getting their predictions in the “green zone.” 
Looking ahead, Green Bitcoin’s team has laid out an impressive roadmap focused on enhancing the staking feature, obtaining exchange listings, and achieving partnerships with like-minded organizations. 
With its impressive early ICO success and growing community on<a href="https://t.me/GreenBTCToken" target="_blank" rel="noreferrer noopener sponsored nofollow"> Telegram</a>, the project is positioning itself as a leader in the movement toward more eco-friendly crypto options. 
Those interested in the presale can<a href="https://bs_08d89f01.coinpedia.care/?referrer=bitcoin-passes-$62k--nears-ath-as-green-bitcoin-ico-exceeds-$1m" target="_blank" rel="noreferrer noopener sponsored nofollow"> buy GBTC tokens</a> for just $0.498.&nbsp;&nbsp;

Bitcoin Passes $63k & Nears ATH as Green Bitcoin ICO Exceeds $1m

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