Token

Hamster Kombat

Bitcoin

Shiba Inu

The Bitcoin price rose 2% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $63,542</a> as of 03:16 a.m. EST on trading volume that surged 69% to $20.7 billion.
This comes as investment adviser Metaplanet, known as Japan’s MicroStrategy, said it bought another $6.7 million worth of BTC, pushing its holdings to 639.5 BTC, worth approximately $40.6 million.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 *Metaplanet purchases additional 108.78 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>* <a href="https://t.co/Pz2AHupm1T" rel="noopener noreferrer nofollow">pic.twitter.com/Pz2AHupm1T</a>
 — Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1843125310600184288?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 7, 2024</a>
</blockquote>
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In May, the company adopted BTC as a reserve asset to hedge against the volatility of Japan’s native currency. 
It now has the second-largest Bitcoin stash among Asia-listed companies, behind Meitu with 941 BTC.
<h2 id="bitcoin-price-could-continue-soaring">Bitcoin Price Could Continue Soaring</h2>
According to the 1-day chart, the Bitcoin price shows that BTC has been trading between $56,000 and $72,000, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>. A recent downtrend below the $56,000 support caused the price of Bitcoin to form an inverse head and shoulders pattern.
The bulls aim to use this pattern to propel the price of Bitcoin even further above as it approaches the immediate resistance on the 200-day Simple Moving Average (SMA) at $63,569. BTC price now being above the 50-day SMA encourages this trend.
Moreover, the Relative Strength Index (RSI) seems to be soaring above the 50-midline level, currently at 55, which supports the overall bullish outlook.
If the current trend continues, the bulls could capitalize on the inverse head and shoulders pattern to keep pushing the price of Bitcoin. In this scenario, the bulls are currently targeting the $72,000 resistance.
<figure id="attachment_584508" aria-describedby="caption-attachment-584508" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-584508" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-07_10-16-19.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1273" height="548" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-07_10-16-19.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-07_10-16-19-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-07_10-16-19-1024x441.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-07_10-16-19-768x331.png 768w" sizes="(max-width: 1273px) 100vw, 1273px">
 <figcaption id="caption-attachment-584508" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
However, if the bears take control of the price at this level, the price of BTC could plunge back to the $56,000 support zone.
Meanwhile, investors might want to consider diversifying into a new meme coin casino project called <a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">Memebet Casino (MEMEBET Token)</a>, which has hurtled past $384k in its presale.
YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches.
<iframe title="NEW MEMEBET TOKEN WILL 100X!! MAKE BETS WITH MEME COINS?!" width="640" height="360" src="https://www.youtube.com/embed/dgqdweQeJVI?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="memebet-casino-heads-for-500k">Memebet Casino Heads For $500k</h2>
The <a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">Memebet Token</a> will bring closer together two of the hottest themes in crypto: meme coins and GambleFi. It offers an industry first by allowing players to use meme coins to wager at an online casino.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Not the casino we deserve but the casino we need 🎰 <a href="https://twitter.com/hashtag/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeBet</a> <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> &amp; <a href="https://twitter.com/hashtag/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Airdrop</a> coming soon! 🚀 <a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoins</a>, <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> gaming and more! 🎮🏆 <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$COIN</a> <a href="https://twitter.com/search?q=%24DOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOG</a> <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> <a href="https://twitter.com/hashtag/RNDR?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RNDR</a> <a href="https://t.co/oR2xja6JFK" rel="noopener noreferrer nofollow">pic.twitter.com/oR2xja6JFK</a>
 — MemeBet (@Memebetcasino) <a href="https://twitter.com/Memebetcasino/status/1793673524747309446?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 23, 2024</a>
</blockquote>
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The project caters to the “degen” community, offering high-stakes gameplay, a global sportsbook that covers major leagues like the EPL and NBA, and a diverse selection of crypto-native games.
When its Telegram crypto casino opens, meme coin holders will be able to bet&nbsp; with tokens that include Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), Floki ($FLOKI), and Pepe ($PEPE), with more meme coins set to be added. 
Users can deposit these assets to wager on casino games, slots, and sports on the Memebet Casino platform.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bro's asking the right questions 🧐<a href="https://twitter.com/hashtag/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeBet</a> <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> &amp; <a href="https://twitter.com/hashtag/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Airdrop</a> soon ⏰
 The number one place for <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> gaming and more! 💥 🎰<a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FTM</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/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> <a href="https://twitter.com/hashtag/Bonk?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bonk</a> <a href="https://twitter.com/hashtag/WIF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#WIF</a> <a href="https://twitter.com/hashtag/Doge?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Doge</a> <a href="https://twitter.com/hashtag/BOME?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BOME</a> <a href="https://twitter.com/hashtag/Altseason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altseason</a> <a href="https://t.co/NLds73vdTX" rel="noopener noreferrer nofollow">pic.twitter.com/NLds73vdTX</a>
 — MemeBet (@Memebetcasino) <a href="https://twitter.com/Memebetcasino/status/1792226734265266188?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 19, 2024</a>
</blockquote>
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And holders who bet with $MEMEBET Token can increase rewards through the platform’s play-to-earn system.&nbsp;
To join the presale, <a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">buy $MEMEBET Token on the official website here</a> for $0.0257 using USDT, ETH, or a bank card.
With a price increase scheduled in less than 4 days, don’t wait too long to secure the best deal.
<h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
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 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/best-bitcoin-mining-sites/" rel="noopener noreferrer nofollow">Best Bitcoin Mining Sites – Top 9 List</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/hamster-kombat-price-prediction-hmstr-pumps-6-as-this-innovative-staking-meme-coin-ico-raises-over-2-million" rel="noopener noreferrer nofollow">Hamster Kombat Price Prediction: HMSTR Pumps 6% As This Innovative Staking Meme Coin ICO Raises Over $2 Million</a></li>
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Bitcoin Price Prediction: Japan’s MicroStrategy Buys More BTC As Experts Say This Might Be The Best Crypto To Buy Now

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Inside Bitcoins

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