Token

Bitcoin

Million

Rewards Token

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 $57,291</a> as of 00:53 a.m. EST on trading volume that surged 39% to $35.5 billion.
This comes after nine spot Bitcoin spot ETFs (exchange-traded funds) increased their holdings by 2,394 BTC worth $137 million on July 8. Fidelity was the biggest buyer after a purchase of $2,077 BTC worth about $118 million. Fidelity now holds 170,764 BTC, worth approximately $9.7 billion.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 July 8 Update:
 9 ETFs added 2,394 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>(+$135M).<a href="https://twitter.com/hashtag/Fidelity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Fidelity</a> added 2,077 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>(+$177M) and currently holds 170,764 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($9.2B).<a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Grayscale</a> decreased 475 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>(-$26.8M) and currently holds 274,249 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($15.46B).<a href="https://t.co/breOMb5Wu0" rel="noopener noreferrer nofollow">https://t.co/breOMb5Wu0</a> <a href="https://t.co/nf36XMvgk8" rel="noopener noreferrer nofollow">pic.twitter.com/nf36XMvgk8</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1810338443819659410?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 8, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
On the other hand, Grayscale Bitcoin Trust reduced its holdings by 475 BTC, but still holds 274,249 BTC worth about $15.7 billion.
<h2 id="span-style-font-weight-400-bitcoin-price-set-for-a-surge-over-the-falling-channel-span">Bitcoin Price Set For A Surge Over The Falling Channel</h2>
<figure id="attachment_545881" aria-describedby="caption-attachment-545881" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-545881" src="https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-09_07-53-34.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-09_07-53-34.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-09_07-53-34-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-09_07-53-34-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-09_07-53-34-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-545881" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
The Bitcoin price has been on a downtrend since June after the bears capitalized on the death cross at $68,880, data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a> shows. However, the bulls seem to have found support at $54,000, with the price rebounding to trade within the falling channel pattern.
BTC price bulls are looking to push the token above the channel, having retried the upper boundary of the channel.
The price of Bitcoin still trades below the 200-day Simple Moving Average (SMA), which coincides with the price retracing below the $63,864 resistance zone. However, BTC is trading slightly above the 50-day SMA, which is a confirmation that the price may be on a rally in the short term.
Moreover, the Relative Strength Index (RSI) shows buyers’ action, rebounding from below the 50-midline level to 58 currently.
The Moving Average Convergence Divergence (MACD) also offers optimistic investors some bullish prospects, with the MACD line (blue) crossing above the signal line (green), forming a bullish crossover. The green bars on the histogram are also beginning to form over the neutral line, which shows that BTC is currently on a positive momentum.
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span">Bitcoin Price Prediction</h2>
According to Bitcoin’s price analysis on the 1-hour chart, BTC bulls are capitalizing on the falling channel pattern to stage a bullish rally above the $59,191 resistance level (200-day SMA).
As the RSI and MACD encourage investors to add to their positions, the price of BTC could rally, retesting the $63,864 resistance, as the bulls target $68,880.
However, with the 200-day SMA still trading below the 50-day SMA, it may be an indication that the price is still moving down. In such a scenario, BTC could retrace slightly to the $53,192 level, which acts as a cushion against downward pressure.
As the BTC bulls look for signals to add to their positions, some investors are buying into the <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a> presale, which has amassed over $2.3 million in funds.
<h2 id="span-style-font-weight-400-99bitcoins-presale-hurtles-past-2-3-million-best-crypto-to-buy-now-span">99Bitcoins Presale Hurtles Past $2.3 Million – Best Crypto To Buy Now?</h2>
99Bitcoins is an educational platform that has over 700,000 subscribers on its YouTube channel and more than 2 million people registered for the website’s courses.
The project is set to enhance the learning experience by gamifying Bitcoin education, with users being able to complete challenges and lessons to earn higher rankings and $99BTC as rewards.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 What is Spatial Computing? Discover how <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> is transforming AR/VR, making immersive digital worlds more interactive and secure.
 Dive deeper: <a href="https://t.co/2hlZYRFHBv" rel="noopener noreferrer nofollow">https://t.co/2hlZYRFHBv</a><a href="https://twitter.com/hashtag/99BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99BTC</a> <a href="https://twitter.com/hashtag/SpatialComputing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpatialComputing</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a>
 — 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1777275219423490318?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
99Bitcoins aims to compete with and surpass other education coins like OpenCampus (EDU), which has a market cap of $216 million, and TokenFi (TOKEN), which stands at $64 million.
The token also merges with BRC-20, which allows the building of dApps on the Bitcoin network.
<h2 id="span-style-font-weight-400-buy-and-stake-for-705-annual-rewards-span">Buy And Stake For 705% Annual Rewards</h2>
Token holders can earn passively by <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">buying and staking $99BTC</a> for an impressive 705% annual percentage yield (APY).
Jacob Bury, a prominent crypto YouTuber, believes that $99BTC could potentially turn $1k to $10K after launch.
<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>
You can buy 99BTC now for $0.00112. But with a price hike coming in less than hour, hurry to buy now to lock in the best deal.
To join the presale, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">you can buy $99BTC from the official website here</a>. You have the option of buying the tokens using ETH, USDT, or a bank card.
<h2 id="span-style-font-weight-400-related-news-span">Related News&nbsp;</h2>
<ul>
 <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://www.linkedin.com/pulse/dogecoin-price-prediction-doge-reach-1-2024-juliana-clarisse-calsona-yqwse" rel="noopener noreferrer nofollow">🚀 Dogecoin Price Prediction: Will DOGE Reach $1 in 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>
</ul>

Bitcoin Price Prediction: As BTC ETFs Buy $137 Million Worth Of Bitcoin, Investors Flock To This Learn-To-Earn Token And Its 705% APY

目次

Inside Bitcoins

2024年7月9日公開の他の記事

US Senate recommends blockchain for national security tests

Ethereum Price Recovers Above $3,000 Hurdle Amid Whale Movements

BlockDAG’s Sophisticated Technology and $56.9M Presale Can Turn $600 Into Millions; More Updates ...

Kwenta Receives Proposals to Integrate GMX and Gains Network into Perpetuals Marketplace (9 Jul)

Mt. Gox and Germany Sell Bitcoin

Invesco Galaxy Misses Spot Ethereum ETF S-1 Deadline, Will Approval Be Delayed?

ニュースレターを購読して暗号資産の最新情報を毎日入手！