2024

Bitcoin

Million

Penny

<p>The Bitcoin price is up almost 1.5% in the past 24 hours to trade for $63,258 as of 01:54 a.m. EST.</p>
<p>Trading volume surged 38%, perhaps due to spot Bitcoin and Ethereum exchange-traded funds (ETFs) listing on the Hong Kong Stock Exchange today.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The 3 Hong Kong spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs are going to start trading in a few hours. They're ready to go on Bloomberg/<a href="https://twitter.com/TheTerminal?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TheTerminal</a> <a href="https://t.co/SSCB09p57b" rel="noopener noreferrer nofollow">pic.twitter.com/SSCB09p57b</a></p>
 <p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1785083153826152781?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In the immediate aftermath of the Hong Kong BTC ETFs going live, the Bitcoin price rose by $600, with reports indicating that it recorded up to $6.3 million in volume.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Hong Kong opens for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETF business and we are up $600 bucks in a matter of minutes. Lets hope this is a nice harbinger of hardness . <a href="https://t.co/zqnpiz3oBp" rel="noopener noreferrer nofollow">pic.twitter.com/zqnpiz3oBp</a></p>
 <p>— InvestAnswers (@invest_answers) <a href="https://twitter.com/invest_answers/status/1785074970323992785?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Elsewhere, the largest corporate holder of Bitcoin, MicroStrategy, has reported a net loss of $53.1 million in the first quarter (Q1) of 2024. Despite that, it continues buying BTC.</p>
<h2 id="microstrategy-committed-to-buying-more-bitcoin-despite-q1-net-loss-hitting-53-1m">MicroStrategy Committed To Buying More Bitcoin Despite Q1 Net Loss Hitting $53.1M</h2>
<p>The net loss was the result of the company recording a $191.6 million digital asset impairment loss in the first quarter. This was 10X higher than the previous year, with revenues falling 5.5% relative to Q1 of 2023 to hit $115.2 million.</p>
<p>MicroStrategy has not yet adopted the new digital asset fair value accounting standard. If they had, the standard would have accommodated the 65% increase in market value that BTC has recorded in the quarter.</p>
<p>As a result, the firm’s carrying value of BTC was marked at $5.07 billion at $23,680 per Bitcoin. This is based on the traditional accounting model. The fair value approach would have reached as high as $15.2 billion.</p>
<p>Nevertheless, MicroStrategy still bought an additional 122 BTC for $7.8 million in April. This brings MicroStrategy’s total Bitcoin bucket to 214,400 Bitcoin, worth $13.5 billion. The average purchase price is $35,180.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">In April, <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MicroStrategy</a> acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for <a href="https://twitter.com/hashtag/BusinessIntelligence?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BusinessIntelligence</a> and <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/h40yyrgEb0" rel="noopener noreferrer nofollow">https://t.co/h40yyrgEb0</a></p>
 <p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1785037831175630938?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="bitcoin-price-outlook">Bitcoin Price Outlook</h2>
<p>The Bitcoin price is range-bound, trading sideways as part of a horizontal chop. The odds favor the downside, considering the Relative Strength Index (RSI) is subdued below the mean level of 50. The same is seen with the Awesome Oscillator (AO), which is stuck in negative territory.</p>
<p>While the bulls struggle to defend the area around $62,000 to $63,000, it is impossible to ignore the fact that there is a lot of bearish pressure waiting to descend on BTC once the price crosses above the $65,600 threshold.</p>
<p>If the bears have their way, the Bitcoin price could drop into the liquidity pool that extends from $60,600 to the March 5 low of $59,005.</p>
<p>In a dire case where the pool of liquidity fails to hold as support, the Bitcoin price could roll over to the $52,000 area where a large herd of BTC bulls is waiting to interact with the Bitcoin price. This would be a possible turnaround point and entry for the late bulls.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-30_08-48-31.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-514298 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-30_08-48-31.png" alt="Bitcoin price" width="1273" height="541" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-30_08-48-31.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-30_08-48-31-300x127.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-30_08-48-31-1024x435.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-30_08-48-31-768x326.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/Va5ZPDM8/" target="_blank" rel="noopener noreferrer nofollow">TradingView: BTC/USDT 1-day chart</a></p>
<p>On the flip side, if the bulls have their way, Bitcoin price could push north. To invalidate the bearish thesis, however, the price must ascend past $70,000, to record a candlestick close above $72,000. This is because there is also a large herd of bears around this threshold, as shown by the grey spikes on the volume profile.</p>
<h4>On-chain Metrics For Bitcoin Price</h4>
<p>Data according to IntoTheBlock shows that Bitcoin price could face significant resistance in the range between $64,175 and $72,500. Within this bracket, 4.32 million addresses hold approximately 2.47 million BTC tokens purchased at an average price of $67,531. Any efforts to push the BTC price high would be countered by this many addresses.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/04/IOMAP.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-514312 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/IOMAP.png" alt="BTC IOMAP" width="1157" height="401" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/IOMAP.png 1157w, https://insidebitcoins.com/wp-content/uploads/2024/04/IOMAP-300x104.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/IOMAP-1024x355.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/IOMAP-768x266.png 768w" sizes="(max-width: 1157px) 100vw, 1157px"></a></p>
<p><a href="https://app.intotheblock.com/coin/BTC/deep-dive?group=financials&amp;chart=inAndOut" target="_blank" rel="noopener noreferrer nofollow">BTC IOMAP</a></p>
<p>Meanwhile, many investors are considering shifting to 99BTC, a learn-to-earn cryptocurrency that analysts say could 10X at launch. Its presale has already raised almost $1 million.</p>
<p><iframe title="New Prelaunch 99Bitcoins Learn 2 Earn On BRC-20 - Early Buyers Become Millionaires (HUGE POTENTIAL)" width="640" height="360" src="https://www.youtube.com/embed/fqz4Dt085rQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2>
<p>Even as Hong Kong BTC ETFs go live on the Stock Exchange, and with MicroStrategy committed to growing its BTC portfolio, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins</a> is the latest sensation among Bitcoin-inspired projects.</p>
<p>It is an educational platform committed to monetizing education for end users. To this end, it leverages its pioneering new Learn-to-Earn rewards model, where users enjoy top in-class educational resources.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🌟📚 Start Your $99BTC Journey with Our Free Crash Course! 🌟🎓</p>
 <p>Over 100,000 students have enjoyed our course, receiving daily emails with essential <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> alpha. ✅</p>
 <p>From over 750 participants, it's designed to be short, sweet, and super educational!</p>
 <p>👉 <a href="https://t.co/PepIrsQGUi" rel="noopener noreferrer nofollow">https://t.co/PepIrsQGUi</a> <a href="https://t.co/UohphNbGbS" rel="noopener noreferrer nofollow">pic.twitter.com/UohphNbGbS</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784945905839333719?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The project traces back to 2013, four years after Bitcoin’s 2009 launch, and two before Ethereum arrived. Starting out as BitcoinWithPayPal.com, it’s now transitioning to Web3 with its $99BTC token.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Exclusive access to advanced modules is available for $99BTC token holders. 🏆</p>
 <p>Dive into topics from sophisticated trading strategies to in-depth <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> technology applications.</p>
 <p>Join the <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> now! <br>👉 <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNews</a> <a href="https://t.co/M5p0dtDc9f" rel="noopener noreferrer nofollow">pic.twitter.com/M5p0dtDc9f</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784583408183660750?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 28, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>99Bitcoins incentivizes learning through a unique mix of gamification and a leaderboard reward system. This ensures users feel like their learning is bearing tangible and therefore spendable benefits. Basically, you earn crypto while learning about crypto.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Our <a href="https://twitter.com/hashtag/Learn2Earn?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Learn2Earn</a> platform is at the heart of our mission to educate. 🤝</p>
 <p>You’ll be able to dive into a wide array of topics, from <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> basics to advanced trading strategies, all while unlocking rewards!</p>
 <p>Discover More: <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNews</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/l9sjDsjOAb" rel="noopener noreferrer nofollow">pic.twitter.com/l9sjDsjOAb</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784221058481938450?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 27, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Out of a total of 99 billion 99BTC tokens, 15% have been set aside to be sold over the course of a fourteen-round presale. The objective is to raise the funds required to expedite cutting-edge development around the project’s BRC-20 integration.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚀 <a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> milestone alert! 🚀</p>
 <p>We've surpassed 900K in our $99BTC <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a>! 🔥</p>
 <p>With stage 3 ending in just 1 day, now's the time to secure your tokens!</p>
 <p>Join our presale now! <br>👉 <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/AltSeason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AltSeason</a> <a href="https://twitter.com/hashtag/CryptoCurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoCurrency</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/51pCWPJjEP" rel="noopener noreferrer nofollow">pic.twitter.com/51pCWPJjEP</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784927637619548638?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>You can also stake your 99BTC holdings for an annual yield of 1,983%. So far, upwards of 549 million 99BTC tokens have been staked.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Stake your $99BTC tokens today and start receiving rewards! ⭐️</p>
 <p>This not only secures the network but also contributes to the platform's liquidity. 🔐</p>
 <p>Learn More: 👉 <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BlackRock</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> <a href="https://t.co/fx8o9zj4Zj" rel="noopener noreferrer nofollow">pic.twitter.com/fx8o9zj4Zj</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784945897815650678?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>99BTC tokens sell for $0.00102, but that price will change soon. So, if you are interested, buy soon.</p>
<p><a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">Visit and buy 99Bitcoins here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/99bitcoins-price-prediction" rel="noopener noreferrer nofollow">99Bitcoins Price Prediction – $99BTC Profit Potential in 2024</a></li>
 <li><a href="https://insidebitcoins.com/news/99bitcoins-launches-new-learn-to-earn-airdrop-presale-todaytrader-video-review" rel="noopener noreferrer nofollow">99Bitcoins Launches New Learn-to-Earn Airdrop Presale – TodayTrader Video Review</a></li>
 <li><a href="https://insidebitcoins.com/news/99bitcoins-token-unveils-learn-2-earn-crypto-ico-next-brc-20-project-to-explode" rel="noopener noreferrer nofollow">99Bitcoins Token Unveils Learn 2 Earn Crypto ICO, Next BRC-20 Project To Explode?</a></li>
 <li><a href="https://insidebitcoins.com/news/top-gaming-coins-to-buy-in-the-upcoming-bull-run-99bitcoins-video-review" rel="noopener noreferrer nofollow">Top Gaming Coins to Buy Before the Upcoming Bull Run – 99Bitcoins Video Review</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe" rel="noopener noreferrer nofollow">Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!</a></li>
</ul>

Bitcoin Price Prediction: MicroStrategy Loses $53.1 Million In Q1 But Still Buys BTC As Experts Say This Learn-To-Earn Crypto Might 10X

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