2024

Bitcoin

April

<p>The Bitcoin price pumped 6.2% in the past 24 hours to trade for $65,959 as of 01:36 a.m. EST on trading volume that surged almost 60%.</p>
<p>It comes following data that showed US inflation, measured by the Consumer Price Index (CPI), declined to 3.4% in April, from 3.5% previously, on a yearly basis in April.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🌟 U.S. April CPI up 3.4%, Bitcoin soars to $64K! 🚀</p>
 <p>📉 CPI dropped from 3.5% in March to 3.4% in April</p>
 <p>🎯 Data meets expectations, increasing Fed's room for rate cuts<a href="https://twitter.com/hashtag/CPI?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CPI</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/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a> <a href="https://twitter.com/hashtag/FinancialNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FinancialNews</a> <a href="https://twitter.com/hashtag/EconomicTrends?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#EconomicTrends</a> <a href="https://t.co/bjTMJ7S5uS" rel="noopener noreferrer nofollow">pic.twitter.com/bjTMJ7S5uS</a></p>
 <p>— TradingLink (@TL_TradingLink) <a href="https://twitter.com/TL_TradingLink/status/1790981907691274479?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 16, 2024</a></p>
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<p>The Bitcoin price surged 7.5% in the immediate aftermath of the release, reaching $66,350, on hopes for a potential Federal Reserve rate cut.</p>
<p>Meanwhile, QCP Capital, a cryptocurrency trading firm, has <a href="https://t.me/QCPbroadcast/1221" target="_blank" rel="noopener noreferrer nofollow">predicted</a> that the Bitcoin price could push towards $74,000, citing factors including macroeconomic catalysts and rising institutional demand.</p>
<p>Meanwhile, incoming Vanguard CEO Salim Ramji, seen as a pro crypto figure, said that BTC ETFs (exchange-traded funds) are not on the table for the firms. Ramji will assume the position beginning July, after joining from BlackRock’s global ETF business. He led BlackRock’s IBIT filing and logistics.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Vanguard named Salim Ramji as its new CEO, who handled the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Spot ETFs for BlackRock. 🔥🔥</p>
 <p><a href="https://t.co/Z991AmsHsW" rel="noopener noreferrer nofollow">pic.twitter.com/Z991AmsHsW</a></p>
 <p>— Ravi (@Crypt0xRavi) <a href="https://twitter.com/Crypt0xRavi/status/1790822448612466756?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 15, 2024</a></p>
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<h2 id="vanguard-ceo-incumbent-puts-off-btc-etf-launch-possibility">Vanguard CEO Incumbent Puts Off BTC ETF Launch Possibility</h2>
<p><span style="font-weight: 400;">Initial speculation was that Ramji’s appointment could lead to Vanguard launching its own Bitcoin ETF. That’s subsided after Ramji said the company will remain true to its anti-crypto “investment philosophy.”</span></p>
<p><span style="font-weight: 400;">“I think it’s important for firms to have consistency in terms of what they stand for and the products and services they offer,” said Ramji in an </span><a href="https://www.barrons.com/articles/vanguard-salim-ramji-strategy-7283a283" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">interview</span></a><span style="font-weight: 400;"> with Barron’s that was published on May 15.</span></p>
<p>Still, Eric Balchunas, an ETF analysts with Bloomberg Intelligence, says Ramji’s appointment as CEO leaves the door open for BTC ETFs at Vanguard further down the road.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">And yes, Salim Ramji oversaw the filing and logistics for <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> and he has been quoted about his interest in digital assets altho I'm not sure that's gonna change Vanguard's stance but hell he will be the CEO. Who knows.. Door much more open now IMO.</p>
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1790500120758235386?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 14, 2024</a></p>
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<h2 id="bitcoin-price-prediction">Bitcoin Price Prediction</h2>
<p>The Bitcoin price is trading with a bullish bias after a god-candle on Wednesday. It confronts resistance due to the upper trendline of a descending parallel channel. The higher lows on the Relative Strength Index (RSI) point to growing bullish momentum and therefore sentiment.</p>
<p>This is reinforced by the histograms of the Awesome Oscillator (AO), which edge toward positive territory. The climbing green AOs show that the most recent market momentum is bullish, and is growing in strength.</p>
<p>If the Bitcoin price manages to break past the upper boundary and record a decisive candlestick close above it on the one-day timeframe, it would bring the $73,777 all-time high into reach. In a highly bullish case, BTC could clear this roadblock and record a new peak above it.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/05/BTC-2.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-521807 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/05/BTC-2.png" alt="Bitcoin" width="1366" height="768" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/BTC-2.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTC-2-300x169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTC-2-1024x576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTC-2-768x432.png 768w" sizes="(max-width: 1366px) 100vw, 1366px"></a></p>
<p><a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal: BTC/USD &nbsp;1-day chart</a></p>
<p>On the other hand, if traders cash in on the god-candle recorded on Wednesday, the Bitcoin price could retract. A candlestick close below the midline of the channel at $60,500 would provoke panic selling. This could send the Bitcoin price to the $58,000 threshold, or worse, the May 1 lows of $56,552.</p>
<p>Meanwhile, Bitcoin’s surge is great news for platforms like 99BTC, which crypto YouTuber Jacob Bury says has the potential to turn $1k into $10K.</p>
<p><iframe title="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!" width="640" height="360" src="https://www.youtube.com/embed/G2trqq3KNYE?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>99BTC is the native cryptocurrency that powers the <a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">99Bitcoins</a> ecosystem. The project’s ICO aims to revolutionize crypto education with its Learn-to-Earn model, which gives investors an opportunity to earn passively by learning about blockchain. Completing courses earns $99BTC, which is similar to a cashback rewards program.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Our <a href="https://twitter.com/hashtag/Learn2Earn?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Learn2Earn</a> platform is at the heart of our mission to educate. 🤝</p>
 <p>You’ll be able to dive into a wide array of topics, from <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> basics to advanced trading strategies, all while unlocking rewards!</p>
 <p>Discover More: <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNews</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The project also integrates with BRC-20, enabling the building of dApps on the Bitcoin network. It intends to enhance the learning experience by gamifying Bitcoin education, as users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">99 Bitcoins Presale is Live | Learn-To-Earn BRC-20 Presale Crypto | Join… <a href="https://t.co/PotaddSy0U" rel="noopener noreferrer nofollow">https://t.co/PotaddSy0U</a> via <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@YouTube</a></p>
 <p>— Crypto Boy (@CryptoB786) <a href="https://twitter.com/CryptoB786/status/1781236585293603309?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 19, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>99Bitcoins also has a staking platform, where investors can&nbsp;stake $99BTC&nbsp;for an impressive 1,343% annual percentage yield (APY). Users can also benefit from the ongoing $99,999 BTC airdrop for the community, with winners to be announced on July 19.</p>
<p>The project has already raised almost $1.3 million as it climbs towards its $2 million target,.</p>
<p><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">Investors can buy 99BTC tokens now for $0.00105. With a price hike coming in five days, buy soon for the best price.</span></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/presale-crypto-list-top-upcoming-cryptocurrencies-invest-calsona-9m74e" rel="noopener noreferrer nofollow">PRESALE CRYPTO LIST: Top Upcoming Cryptocurrencies to Invest in 2024&nbsp;</a></li>
</ul>

Bitcoin Price Prediction: As BTC Pumps 6% On CPI Data And New Vanguard CEO Rules Out A BTC ETF, 99BTC Races Towards $2M

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Inside Bitcoins

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