Bitcoin ETF

Bitcoin

BlackRock

<p><span style="font-weight: 400;">The Bitcoin price has climbed 3.5% over the past seven days to trade at </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$43.1K</span></a><span style="font-weight: 400;"> as of 2:30 a.m. EST.</span></p>
<p><span style="font-weight: 400;">This comes as Bitcoin ETFs managed by BlackRock and ProShares outpaced Grayscale’s GBTC in daily trading volumes on Thursday for the first time.</span></p>
<p><span style="font-weight: 400;">BlackRock’s IBIT had trading volume of $306 million and ProShare’s BITO $298 million, both surpassing GBTC’s $291 million in transactions, CoinDesk reported, citing multiple data sources. </span><span style="font-weight: 400;">The day also marked the first time </span><span style="font-weight: 400;">since launch that daily ETF volumes dipped below $1 billion.&nbsp;</span></p>
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 <p lang="en" dir="ltr">Still some after hours trading left but looks like BlackRock's <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> is the first ETF to trade more than Grayscale's <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GBTC</a> in a single day.</p>
 <p>Total trading today was kind of a dud though at $924 million — first day below $1 billion in dollar volume for the group since launch. <a href="https://t.co/IeIF2COm4F" rel="noopener noreferrer nofollow">https://t.co/IeIF2COm4F</a> <a href="https://t.co/ZtADLBQP63" rel="noopener noreferrer nofollow">pic.twitter.com/ZtADLBQP63</a></p>
 <p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1753165420482244632?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 1, 2024</a></p>
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<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span"><span style="font-weight: 400;">Bitcoin Price Prediction</span></h2>
<p><span style="font-weight: 400;">Looking at an in-depth analysis of 2-hour BTC/USD charts, we see some volatility with alternating red and green candlesticks but without a clear directional trend in the most recent candles. </span></p>
<p><span style="font-weight: 400;">There appears to be a consolidation pattern as the price becomes more stable and moves within range. </span><span style="font-weight: 400;">Conversely, the Bollinger Bands show price fluctuations within the upper and middle bands (Orange line), indicating moderate volatility. Additionally, t</span><span style="font-weight: 400;">he Relative Strength Index (RSI) is around the 53.98 mark, which is in the neutral zone, neither overbought nor oversold.&nbsp;</span></p>
<p><span style="font-weight: 400;">The Awesome Oscillator (AO) shows decreasing momentum, with the green bars no longer growing in size. Also used in gauging trends, the Average Directional Index (ADX) line is at 11.54, which is quite low. This indicates a very weak trend or no trend at all. The low value suggests that the market is currently ranging rather than trending.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-477715" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706947270372.png" alt="" width="2538" height="1326" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706947270372.png 2538w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706947270372-300x157.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706947270372-1024x535.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706947270372-768x401.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706947270372-1536x802.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706947270372-2048x1070.png 2048w" sizes="(max-width: 2538px) 100vw, 2538px"></p>
<p style="text-align: center;">2-hour BTC/USD charts | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol=CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-will-bitcoin-pump-in-the-short-term-span"><span style="font-weight: 400;">Bitcoin Price Prediction: Will Bitcoin Pump in The Short Term?</span></h2>
<p><span style="font-weight: 400;">BTC appears to be in a consolidation phase with a slight bullish bias in the longer term due to the price being above the moving average. The price is nearing the middle band (the 20-period Simple Moving Average), which could act as a support level in an uptrend.</span></p>
<p><span style="font-weight: 400;">In line with this, Bitcoin’s recent accumulation streak backs this bullish prospect. According to Ali on X, the Accumulation Trend Score has hovered near 1 for the past 4 months, signalling that larger entities are accumulating $BTC, a strong bullish indicator for the crypto king.</span></p>
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 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is witnessing one of its most significant accumulation streaks in almost 3 years!</p>
 <p>Notably, the Accumulation Trend Score has hovered near 1 for the past 4 months, signaling that larger entities are accumulating <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>. This trend indicates strong confidence in the market! <a href="https://t.co/QcJOEhzBUb" rel="noopener noreferrer nofollow">pic.twitter.com/QcJOEhzBUb</a></p>
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1752973710863040941?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 1, 2024</a></p>
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<p><span style="font-weight: 400;">However, with our earlier indicators suggesting weak momentum, no strong directional trend in the short term is confirmed yet.&nbsp;</span></p>
<p><span style="font-weight: 400;">While there’s uncertainty on the short-term direction for the Bitcoin price, new cloud mining project Bitcoin Minetrix is ranked by analysts as being among the best penny crypto investments for <a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe/" rel="noopener noreferrer nofollow">explosive growth in 2024.</a></span></p>
<h2 id="span-style-font-weight-400-an-attractive-alternative-to-bitcoin-span"><span style="font-weight: 400;">An Attractive Alternative To Bitcoin</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;"> is making cheap Bitcoin mining accessible to everyone by integrating cloud mining with crypto staking, eliminating the need for expensive mining equipment.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Exploring the advantages of <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a>:</p>
 <p>🌐 Convenient access made easy.<br>💲 Enhanced efficiency with a streamlined cost structure.<br>🔄 Enjoy peace of mind, free from concerns about resale value.</p>
 <p>Knowing the benefits is key! 🚀 <a href="https://twitter.com/hashtag/BitcoinMining?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMining</a> <a href="https://twitter.com/hashtag/MiningEfficiency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MiningEfficiency</a> <a href="https://t.co/tBCVjFELBO" rel="noopener noreferrer nofollow">pic.twitter.com/tBCVjFELBO</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1750564335061966997?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 25, 2024</a></p>
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<p><span style="font-weight: 400;">Thanks to its stake-to-mine functionality, customers have full control over their mining activity on Bitcoin Minetrix’s cloud mining platform. </span><span style="font-weight: 400;">Without the risk of fraud associated with third-party cloud mining services, you may use the cloud mining credits you get by staking your BTCMTX tokens to participate in decentralized Bitcoin mining.</span></p>
<p><span style="font-weight: 400;">Another option to earn passive money on the site is to stake BTCMTX. Participants get incentives from the staking pool, which yields a return of 66% annually. Over 634 million tokens have been staked so far. </span></p>
<p><span style="font-weight: 400;">Participation in a Minedrop contest is another opportunity to hold BTCMTX tokens. This competition offers a grand prize of $30,000, with 10 fortunate winners receiving $3,000 each.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🎉 <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> $30,000 Minedrop Is Now Live! 🎉</p>
 <p>Get ready for your chance to win a share of $30,000 in <a href="https://twitter.com/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCMTX</a>!</p>
 <p>Follow the steps in the link below for the chance to win one of ten $3,000 <a href="https://twitter.com/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCMTX</a> Prizes! 💰<br>➡️ <a href="https://t.co/v1UKskxi4Y" rel="noopener noreferrer nofollow">https://t.co/v1UKskxi4Y</a> <a href="https://t.co/nseOBTNO9N" rel="noopener noreferrer nofollow">pic.twitter.com/nseOBTNO9N</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1709944350275473795?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2023</a></p>
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<p><span style="font-weight: 400;">With analysts <a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow">predicting</a> a Bitcoin price pump before the halving event in April, BTCMTX looks primed for an explosive launch.&nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">Prominent cryptocurrency analyst Conor Kenny, with more than 179,000 YouTube followers, endorses the project, observing that early participation in the </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">presale</span></a><span style="font-weight: 400;"> is the best way to make substantial returns on launch.</span></p>
<p><iframe title="NEW Altcoin Presale Bitcoin Minetrix MINES $BTC For YOU!!!" width="640" height="360" src="https://www.youtube.com/embed/HY1POVOEnxg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">The BTCMTX presale has already raised almost $10.2 million, and the target of $10.9 million is now in sight.&nbsp;</span>BTCMTX tokens c<span style="font-weight: 400;">ost $0.0132 right now, but a price hike in less than two days tells interested investors to move quickly to secure their holdings before it’s too late.&nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">You may buy BTCMTX tokens using USDT or ETH on the BTCMTX website</span><span style="font-weight: 400;">. A bank card can also be used.</span></p>
<p><span style="font-weight: 400;">Visit the official website </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">here</span></a><span style="font-weight: 400;">.</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-ark-invest-says-investment-portfolios-should-hold-20-of-btc-more-than-10-million-has-been-socked-into-this-bitcoin-derivative" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction: As Ark Invest Says Investment Portfolios Should Hold 20% Of BTC, More Than $10 Million Has Been Socked Into This Bitcoin Derivative</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-top-analyst-says-btc-to-go-ballistic-after-hitting-49k-as-this-bitcoin-derivative-closes-on-10-million" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction: Top Analyst Says BTC To ”Go Ballistic” After Hitting $49K As This Bitcoin Derivative Closes On $10 Million</span></a></li>
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Bitcoin Price Prediction: BlackRock And ProShares’ Bitcoin ETF Volumes Surpass GBTC For First Time As This BTC Cloud Mining Presale Surges P...

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