Shiba

Bitcoin

Million

STARS

Rewards

The Bitcoin price plunged 4% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $53,879</a> as of 6:00 p.m. EST on trading volume that soared 54% to $48 billion.
This drop follows weaker-than-expected US jobs data. The 142,000 jobs added in August missed economists’ forecasts, though the unemployment rate ticked down to 4.2%.
The report has left investors uncertain about the Federal Reserve’s next move, with some expecting a quarter-point rate cut and others a half-point cut later this month.&nbsp;
Traders now await next week’s Consumer Price Index data for further insights.
<h2 id="bitcoin-price-bearish-is-a-rebound-imminent">Bitcoin Price Bearish – Is A Rebound Imminent?</h2>
The Bitcoin price has been on a downtrend and has finally crossed below the lower boundary of the falling channel pattern, breaching the $55,300 support zone, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
BTC still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the price of Bitcoin is still on a bearish trend.
Moreover, the Relative Strength Index (RSI) still trades within the oversold region, currently at 32, but shows signs of a rebound. The RSI also shows that BTC is currently undervalued and may be a buying signal for optimistic investors who wish to secure the asset at the lowest price.
If the bulls successfully stage a bullish trend reversal, the Bitcoin price could rebound, as they target $61,248.
<figure id="attachment_574077" aria-describedby="caption-attachment-574077" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-574077" src="https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-07_04-00-37.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1254" height="508" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-07_04-00-37.png 1254w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-07_04-00-37-300x122.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-07_04-00-37-1024x415.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-07_04-00-37-768x311.png 768w" sizes="(max-width: 1254px) 100vw, 1254px">
 <figcaption id="caption-attachment-574077" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
However, if the bearish stance continues, BTC price could plunge back to the $50,000 support zone, which is a cushion against downward pressure.&nbsp;
Meanwhile, some investors are turning to <a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Crypto All-Stars ($STARS)</a>, a new presale that YouTuber ClayBro, with over 130K subscribers, says has the potential to soar 29x after its launch.
<iframe title="Crypto All Stars Is Offering 29x Opportunity! Do Not Miss This!" width="640" height="480" src="https://www.youtube.com/embed/0NnsqbQkoJU?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>
<h2 id="crypto-all-stars-raises-over-1-million-in-ico-offers-1-400-apy-staking-rewards">Crypto All-Stars Raises Over $1 Million in ICO, Offers 1,400% APY Staking Rewards</h2>
In a crypto market that’s been languishing, Crypto All-Stars ($STARS) has raised over $1 million in its initial coin offering (ICO) in just three weeks since its launch.&nbsp;
This innovative project combines the appeal of meme coins with a game-changing staking protocol called MemeVault. Its multi-chain meme coin staking feature, a first in the industry, sets Crypto All-Stars apart from the rest of the field.&nbsp;
MemeVault allows users to stake popular tokens like Dogecoin, Shiba Inu, Pepe, Floki, Bonk, and others, regardless of their blockchain, all in one platform.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The roadmap is packed with exciting milestones! 📅
 Phase 3 introduces “Unlocking The Vault” with the launch of the Meme Vault Network. Staking will be at the forefront, along with ecosystem expansion.
 — web3telepath (@web3telepath) <a href="https://twitter.com/web3telepath/status/1824051755048423853?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 15, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Holders can also stake STARS itself for a staggering 1,400% Annual Percentage Yield..&nbsp;
By holding $STARS, investors can maximize staking rewards while reducing the circulating supply, creating scarcity that could help drive up the token’s value.&nbsp;
If you’re considering joining, the current presale price of $STARS is $0.0014248. With a price hike coming in less than 2 hours, buy soon to lock in the best deal.
<a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Buy Crypto All-Stars on the official website here</a> using BNB, USDT, or a bank card.
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/crypto-presales-worth-pros-cons-you-need-know-calsona-5aeye" rel="noopener noreferrer nofollow">🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔</a></li>
 <li style="font-weight: 400;">&nbsp;<a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow">🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/credit-card/" rel="noopener noreferrer nofollow">How to Buy Bitcoin with Credit Card</a></li>
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Bitcoin Price Plunges 4% Amid Weak US Jobs Data, But This New ICO Races Past $1 Million In Just 3 Weeks

Table of Contents

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