Ethereum

Based

Bitcoin

The post <a href="https://coinpedia.org/press-release/bitcoin-price-crosses-73k-as-new-ico-also-soars/" rel="noopener noreferrer nofollow">Bitcoin Price Crosses $73K as New ICO Also Soars</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Bitcoin breached the $73K mark for the first time in history on Wednesday, peaking at highs of $73.6K.
Meanwhile, presale crypto Bitcoin Minetrix is also seeing success as it surpasses the $12.2 million total raised mark.
<h2 class="wp-block-heading" id="h-bitcoin-exceeds-73k-but-analysts-anticipate-consolidation">Bitcoin Exceeds $73K, but Analysts Anticipate Consolidation&nbsp;</h2>
Following a meteoric rise in recent weeks, prominent market analysts believe that Bitcoin will consolidate around its current price for some time.&nbsp;
Currently trading at $73,013, Bitcoin is up 1% today, 10% this week, and 47% this month.
However, its 24-hour trading volume has slumped, down 21% today at $48 billion.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/h4u1AYnemWok-Pq2wXXHYbx3QYDJeZN-q1RdbniikVzdbSTbPpyjiWPcXYZztifOMIS2qKGmxYrHr6kaRYzdQ8k0h_GHc9hGRIe03YEZlU2PHXmIeNwx4oVTOduug1sV4xJj7tih_Vss1xVrigwSSDs" alt="cmc chart">
</figure>
Meanwhile, Coinglass <a href="https://www.coinglass.com/currencies/BTC" target="_blank" rel="noopener noreferrer nofollow">data</a> shows Bitcoin’s options volume has fallen by 39%.
Its falling volume may reflect a stabilizing market interest after the recent euphoria.
However, this could also suggest that Bitcoin’s local top is in, providing a runway for altcoins to take over, <a href="https://x.com/emperorbtc/status/1767527213556006942?s=46" target="_blank" rel="noopener noreferrer nofollow">says</a> EmerorBTC.
Nevertheless, the analyst sees this as “very bullish,” with Bitcoin establishing a trading range above its previous ATH.
EmperorBTC notes that Bitcoin has broken its previous ATH while its funding rate remained low.
“Funding was much lower than previous attempts, there was no spike in funding even after moving past $70,000. This is very bullish, the basis is narrower, and spot is catching up to demand.”
He also noted that “apes have calmed down,” alluding to leveraged traders placing less longs, which could help BTC’s price settle.&nbsp;
“Very likely for BTC to range here while alts continue to pump. Minimal liquidations since yesterday after the largest long liquidations in 3 years at ATH on March 5th. Apes have now calmed down post that.”
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Z5Wg6oJcdgQe1Ux6KbD3hwW3RN3xZ5KGCkKaygkKOq3unxu7psRrqKGorR2MgU3x_r8whk20pooNo2TXNAMgDFz9Q2E8TpI-uy9wypBFSi-jYEp0uSH3lnY600uIY3qbE1LUhjgUkHOKxa4jsOpfLFs" alt="btc usdt">
</figure>
Meanwhile, renowned trader CrediBULL Crypto <a href="https://twitter.com/CredibleCrypto/status/1767463312218800543" target="_blank" rel="noopener noreferrer nofollow">anticipates</a> a similar trajectory for Bitcoin.
He explained, “I’m not expecting any major dips/corrections as all metrics are still relatively cool and not overheated. I’m simply expecting some further consolidation, which should set the stage nicely for the continuation of this near vertical advance.”
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/98xvCpBkLdQEHZ9dxwwfvQQltaHs4ZfMhdOdG8UtQzZnN018QVYmr5JwzLtLLn45RDWoWuADqF4v5YDzDx4N5Q5YsyjT2Jl4rUyQzliw9_LI4bLeKUJPBNioz74FcBiV-Ixl11kNWu9icb5Hpn6E9Go" alt="btc us chart">
</figure>
Based on the analyst’s accompanying price chart, Bitcoin’s next move could propel it toward $95K following a consolidation period lasting around ten days.
However, as noted by EmperorBTC, this could set the stage for altcoins to rally.&nbsp;
One such crypto that is showing potential is a Bitcoin-related token, Bitcoin Minetrix. Currently undergoing a presale, the project has raised over $12.2 million, illustrating impressive momentum and community support.
<h2 class="wp-block-heading" id="h-stake-to-mine-bitcoin-minetrix-raises-12-2m-and-offers-57-staking-apy">Stake-to-Mine Bitcoin Minetrix Raises $12.2M and Offers 57% Staking APY</h2>
<a href="https://coinpedia.care/b_btcmtx_43644?referrer=bitcoin-price-crosses-$73k-as-new-ico-also-soars" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix</a> offers a groundbreaking alternative to existing mining and cloud mining solutions through its flagship Stake-to-Mine mechanism.
Offering widespread, beginner-friendly access to Bitcoin mining, Bitcoin Minetrix breaks down the barriers to entry while ensuring a secure and transparent user experience.
The project works by users staking $BTCMTX tokens for Bitcoin mining credits, which they can burn for cloud mining power. This then translates to free BTC.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/aHtyF9u5LEcN6tG1GAIlU_wfdt6sOSxSbnTpdIwjyqMF29aKl6WDTRO66-39aFqSrMPWJWW-wz5_CT4fmyLoNGxfO7C9ImwlDWLI8fvEXfgHDmvaYiY3BJH-BLlzUNjxu3hWJZEFO3TqfUwAsdvlf-Y" alt="btcmtx">
</figure>
As per the Bitcoin Minetrix <a href="https://bitcoinminetrix.com/assets/documents/whitepaper.pdf" target="_blank" rel="noopener noreferrer nofollow">whitepaper</a>, previous cloud mining solutions involved a significant degree of trust and were often criticized for their poor security practices.
But aligning cloud mining with core crypto values, Bitcoin Minetrix is trustless and secured by the Ethereum blockchain. Users have full control over their funds, and the $BTCMTX token ensures decentralization and transparency.
Its compelling use case has drawn tremendous interest, pushing its presale total raise past $12.2 million so far.
The $BTCMTX token’s central role ensures utility-driven demand, enabling its price to benefit as platform adoption grows.
Since its presale is ongoing, the cloud mining mechanism has yet to launch. Nevertheless, investors can compound their purchase through Bitcoin Minetrix’s supplementary staking feature, currently offering a 57% APY.
The <a href="https://coinpedia.care/b_btcmtx_43644?referrer=bitcoin-price-crosses-$73k-as-new-ico-also-soars" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix presale</a> price will rise as the campaign advances, so those seeking the most upside potential should not wait around.

Bitcoin Price Crosses $73K as New ICO Also Soars

目录

CoinPedia News

发布于 2024年3月14日的其他文章

Bitcoin Halving Looms: Mining Sector Braces for Hashprice Impact

Solana’s Race Towards $200: Assessing the Likelihood

Ethereum’s Dencun delivers Bee movie script immortalized for $14

Dogwifhat price headed to $10? Arthur Hayes thinks so

Bitcoin Consolidation and Solana’s Market Performance

Chainlink Crypto Struggles Near The Highs: Can LINK Price Slump?

订阅我们免费的电子期刊，获取每日最新加密领域动态！