Token

2024

Bitcoin

Captain

The post <a href="https://coinpedia.org/press-release/will-99bitcoins-token-benefit-as-crypto-market-gains-strength/">Bitcoin Price Breaches $70K – is a Crypto Bull Run Imminent?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Bitcoin is teetering on another all-time high (ATH) as it crosses $70K for the first time in over one month.&nbsp; 
Currently trading at $70.9K, <a href="https://markets.coinpedia.org/">market</a> participants are stoked about the potential for another widespread crypto bull market rally. 
<h2 class="wp-block-heading" id="h-bitcoin-s-momentum-to-ignite-the-next-crypto-rally">Bitcoin’s Momentum to Ignite the Next Crypto Rally</h2> 
With liquidity flowing back into risk-on crypto assets, analysts anticipate the market’s next leg-up is looming. 
At its current price of $71.1K, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin</a> has soared 6.7% today, 13.9% this week, and 9.2% this month. 
It holds a $1.4 trillion market cap and a $50 billion 24-hour trading volume, up 146% today. 
Analyst RV Crypto noted Bitcoin’s accelerating momentum in a recent tweet, speculating that altcoins are poised to “go parabolic” as a result. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin is creeping up. Altcoin prices will go parabolic soon <a href="https://t.co/FO6pllGlsj">pic.twitter.com/FO6pllGlsj</a>— RVCrypto (@RvCrypto) <a href="https://twitter.com/RvCrypto/status/1792586847899578591?ref_src=twsrc%5Etfw">May 20, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
In an earlier <a href="https://x.com/RvCrypto/status/1792539778254053870">tweet</a>, the analyst labelled the past month’s selloff as a “bear trap” and speculated that it may have marked the lowest prices until the next bear market. 
“I hope you didn’t fall for the bear trap. That was potentially the lowest price until 2025. Instead of adding more, many people got scared and (sold/stayed) sidelined,” he wrote. 
Meanwhile, well-known trader Captain Faibik noted that Bitcoin has broken out from a descending channel. This pattern is deemed bullish and often marks the beginning of a trend reversal to the upside. 
Based on the analyst’s prediction, Bitcoin could advance toward $86K in the coming weeks. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Bullish flag Upside Breakout is Confirmed on the Daily timeframe Chart..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> June is going to be wild! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://t.co/PsYlS78Zdm">pic.twitter.com/PsYlS78Zdm</a>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1792753405410078973?ref_src=twsrc%5Etfw">May 21, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
While this is indeed bullish for the market leader, it could prove even more beneficial for altcoins. 
Market commentator Max Schwartzman <a href="https://x.com/MaxBecauseBTC/status/1792657989691646377" target="_blank" rel="noreferrer noopener sponsored nofollow">noted</a> that while Bitcoin’s price is rising, Bitcoin dominance is falling. 
Bitcoin dominance measures Bitcoin’s market share, so a falling dominance suggests altcoins are gaining strength. 
“Altcoins will moon. Sit on your hands and ride this. You earned it by holding through the recent price action. The best is yet to come,” he said on X. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/63oj7cur7tQkCooRTlvbOkhujjJtgz86h7xLyXhbFAVsXh8HH-fc81aRsM69YYTXWgwmjFFy39AjQsqcCrg8Nr1wq25CvS1Sef7YYxYB5d_vSwup9Lxg0c889_IicJGvyJZPK5qxDr8yrot3YcJ41WQ" alt="price-chart">
</figure> 
Indeed, with such a bullish market landscape forming for altcoins, traders are searching for projects with the highest potential.&nbsp; 
One altcoin gaining tremendous interest recently is the 99Bitcoins token, a new presale that has raised over $1.4 million so far. 
<h2 class="wp-block-heading" id="h-will-99bitcoins-token-benefit-as-crypto-market-gains-strength">Will 99Bitcoins Token Benefit as Crypto Market Gains Strength?</h2> 
99Bitcoins is a prestigious media outlet with a track record dating back to 2013. While the platform is well-established, it has not stopped innovating and challenging the industry norms. 
Alongside its readership, 99Bitcoins hosts over 700K YouTube and 2.8 million email subscribers. However, its latest initiative, the <a href="https://coinpedia.care/b_99Bitcoins-en_310?referrer=bitcoin-price-breaches-$70k---is-a-bull-run-imminent" target="_blank" rel="noreferrer noopener sponsored nofollow">99Bitcoins token</a>, helps usher in a novel Learn-to-Earn platform that rewards users for learning about crypto. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="586" src="https://image.coinpedia.org/wp-content/uploads/2024/05/21222632/image-496-1024x586.png" alt="99 bitcoins" class="wp-image-306096" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/21222632/image-496-1024x586.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/21222632/image-496-300x172.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/21222632/image-496-768x439.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/21222632/image-496-1536x878.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/21222632/image-496-150x86.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/21222632/image-496.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
The project’s website notes that more people will be drawn to the industry as the crypto bull market advances, hence skyrocketing demand for the new incentivized learning platform. 
But adding to the excitement, learners require the 99Bitcoins token to access the Learn-to-Earn layer, aligning its demand with the platform’s success. 
The utility token also provides added benefits, such as crypto trading signals, BRC20 tools and education, and a VIP community group. 
$99BTC operates under Ethereum’s ERC20 token standard, but there are plans to migrate to Bitcoin’s BRC20 ecosystem later in 2024. 
The project’s presale is ongoing, and investors can stake their tokens to earn passive rewards. They can garner approximately a 1,100% APY, but this will fall as the staking pool grows. 
Meanwhile, incremental price hikes are hard-wired into the 99Bitcoins token presale, so those seeking the lowest price must act quickly. 
<a href="https://coinpedia.care/b_99Bitcoins-en_310?referrer=bitcoin-price-breaches-$70k---is-a-bull-run-imminent" target="_blank" rel="noreferrer noopener sponsored nofollow">Visit 99Bitcoins Token Presale</a>

Bitcoin Price Breaches $70K – is a Crypto Bull Run Imminent?

Table of Contents

CoinPedia News

Other articles published on May 21, 2024

Bitcoin Surpasses $71,000 Amid Spot ETF Surge

ETH Spot ETF To Be a Reality? Ether Gains Paint a Pretty Picture

Ripple vs. SEC Heats Up: Private Records, ODL Sales in Spotlight

Bitcoin Hits $70,000: This Number Hides an Unexpected Dynamic!

Arbitrum, THORChain, And Rebel Satoshi ($RECQ) – Expert Calls Profitable Entry On These 3 Coins

DWF Labs Buys GALA Tokens

Join our free newsletter for daily crypto updates!