Ethereum Express

2024

Bitcoin ETF

Bitcoin

<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">Bitcoin has opened 2024 strongly, adding 7% in the last 24 hours. When writing, it is trading at $45.3K, the highest price in 21 months. Meanwhile, the newly launched presale token Bitcoin Minetrix is also surging after raising $7.2 million.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-surges-amid-growing-spot-etf-approval-optimism-strong"><strong>Bitcoin surges amid growing spot ETF approval optimism</strong></h2> 
<p>Mike Novogratz, CEO of Bitcoin spot ETF applicant Galaxy, just released a cryptic tweet.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Happy New Year! Big Things Coming. <a href="https://twitter.com/hashtag/BlockYourCalendar?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BlockYourCalendar</a> <a href="https://t.co/0nI3xPL6K3" target="_blank">pic.twitter.com/0nI3xPL6K3</a></p>— Mike Novogratz (@novogratz) <a href="https://twitter.com/novogratz/status/1741869383905853445?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 1, 2024</a>
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<p>The tweet has been seen 110K times after being released.</p> 
<p>Like many other pundits, Ash Crypto responded with speculation this could mean the Bitcoin ETFs will be approved.</p> 
<p> You might also like: <a href="https://crypto.news/polymarket-investors-confident-of-spot-bitcoin-etf-nod-by-jan-15/"> Polymarket investors confident of spot Bitcoin ETF nod by Jan. 15 </a> </p> 
<p>He references the CEO’s tweet and asks, “ETF is getting approved?” This tweet has been seen over 120K times, illustrating significant excitement surrounding the potential ETF approvals.</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/4dxpwYH6uA9yvDUAL7JhhyeoI3gZw9iMqNqrkux1SlRN9smeu-GPnJyU8woG0tmyTrFMJPIG3ugH7ujjXCXSAN0uX3BlDjYtgE_6Nf1VGqxJh5epdjDrLY2HNX96f8EmK4w4Lz-k8oDZ48GA15lrri4" alt="Bitcoin up 7%, this BTC mining token also posts gains - 31">
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<p>Meanwhile, the world’s largest asset manager and spot Bitcoin ETF applicant, <a href="https://crypto.news/blackrock-designates-jpmorgan-jane-street-as-bitcoin-etf-authorized-participants/" data-type="post" data-id="14232759">BlackRock</a>, is driving optimism that the SEC will approve Bitcoin ETFs shortly.</p> 
<p>A recent tweet by Radar announced that BlackRock will approve Bitcoin spot ETFs this week.</p> 
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<p>Ultimately, with the Bitcoin ETF application deadlines set for Jan. 10, 2024, confidence in approvals is building. This means more market participants are buying Bitcoin in anticipation of a higher prices to follow.</p> 
<p> You might also like: <a href="https://crypto.news/developer-asks-community-not-to-underestimate-bitcoin-ordinals/"> Developer asks community not to underestimate Bitcoin Ordinals </a> </p> 
<p>In a recent <a href="https://www.foxbusiness.com/technology/digital-asset-markets-poised-grow-in-2024-goldman-sachs-exec-says" target="_blank" rel="noopener">interview with Fox Business</a>, Mathew McDermott, head of digital assets at Goldman Sachs, said, “If approved, a fully-fledged bitcoin ETF “broadens and deepens the liquidity in the market.”</p> 
<p>The executive then explained that a Bitcoin ETF “opens up the universe of the pensions, insurers, etc.”</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="There's a lot of market optimism for Bitcoin into next year, says Grayscale CEO" width="1020" height="574" src="https://www.youtube.com/embed/nstqViaBZqA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>Yet, while Bitcoin is poised for significant gains following the ETF approvals, many shrewd analysts are hedging their bets with newer Bitcoin-related projects.&nbsp;</p> 
<p>One of them is Bitcoin Minetrix, a project aiming to disrupt the Bitcoin mining industry once it launches.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-minetrix-raises-7-2-million-in-presale-strong"><strong>Bitcoin Minetrix raises $7.2 million in presale</strong></h2> 
<p><a href="https://bs_b96bd0a7.crypto-news.care/" target="_blank" rel="noopener">Bitcoin Minetrix</a> is a new platform on Ethereum allowing users to cloud mine BTC.</p> 
<p>Users stake BTCMTX, the platform’s tokens, for Bitcoin mining credits, which they can burn in exchange for cloud mining power.</p> 
<p>The process is effortless from the users side – all they need to get started is an Ethereum-compatible wallet like MetaMask and BTCMTX.</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/Qw0Hd5WT6DSTzQwogINZdGrSvbCU7awZXmDffuWe0VpBqeeMEdbnKM4bSGsR_lDegmh62W1pnnt-QyNJFdZlde65QvgOOmcIqhV72qaWb7sdRQnggadCHRgnvvYF3Vp2jl4CJ2bkKwLgcjTYELd2jIw" alt="Bitcoin up 7%, this BTC mining token also posts gains - 32">
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<p>Over $7.2 million has been raised in the ongoing Bitcoin Minetrix presale. </p> 
<p> You might also like: <a href="https://crypto.news/ethereum-express-rallying-bitcoin-minetrix-is-next/"> Ethereum Express rallying, Bitcoin Minetrix is next? </a> </p> 
<p>Considering its use case and the bullish market conditions, analysts say there could be more upsides.</p> 
<p>In a recent video, No Bs Crypto said Bitcoin Minetrix could extend gains. </p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="Could &quot;Bitcoin Minetrix&quot; Be A 100X Meme Coin?" width="1020" height="574" src="https://www.youtube.com/embed/XHaA9z4RwEY?start=307&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>The analyst explained how there are other companies to offer Bitcoin mining, but Bitcoin Minetrix’s tokenomics and use of the decentralized and transparent BTCMTX may make it a better alternative.</p> 
<p>Another advantage to BTCMTX is its utility since it is needed for staking.</p> 
<p>Meanwhile, tokens will be locked in the staking contract, and rewards are primarily paid out in mining credits, not BTCMTX. This means its supply will be limited, creating favorable conditions for long-term potential.</p> 
<p> BTCMTX is available for $0.0126 in the ongoing presale.</p> 
<p> Read more: <a href="https://crypto.news/solana-rising-as-network-activity-spikes-btcmtx-presale-gains-momentum/"> Solana rising as network activity spikes, BTCMTX presale gains momentum </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Bitcoin up 7%, this BTC mining token also posts gains

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