Bitcoin’s Bullish Momentum: A Global Crypto Sensation
Bitcoin (BTC) has gained significant bullish momentum, surpassing the $69,000 mark on Monday after a bearish weekend. BTC is up 1.3% in the past 24 hours, trading at $69,080 at the time of writing. Its market cap has exceeded $1.35 trillion with a daily trading volume of $22.7 billion. This surge follows substantial investments in the Bitcoin ecosystem, including a $70 million raise by Paradigm for the Bitcoin staking protocol Babylon. Tether also invested up to $150 million in Bitdeer shares, further boosting Bitcoin’s bullish trend.
Bitcoin’s price surges past $69,000
Prominent trader Peter Brandt has predicted that Bitcoin’s price could potentially reach $150,000 during this market cycle, noting that the highs of Bitcoin’s previous two cycles align well with an inverted parabolic curve. However, Brandt has also cautioned that his method of analysis is not foolproof, advising traders to exercise caution. He added that there is a 25% probability that Bitcoin has already reached the apex of this cycle and suggested raising the probability of an “Exponential Decay” if Bitcoin fails to achieve a new all-time high and declines below $55,000.
BlockDAG Network: A Global Crypto Sensation
BlockDAG Network has made headlines with the release of its second reveal-all keynote video “from the moon,” which has already turned out to be a global success. Analysts and crypto influencers on social media platforms like Twitter and YouTube are branding BlockDAG Network as a “global crypto sensation.” The project’s presale has recently seen substantial whale investments, rapidly reaching over $40 million in record time for any cryptocurrency or digital asset project. This surge in funding reflects growing interest in BlockDAG Network as a new store of value and passive income generator similar to the original cryptocurrency, Bitcoin.
BlockDAG Network’s presale reaches $40 million
Billionaires Are Buying This Cryptocurrency ETF
Billionaires are buying into the cryptocurrency ETF frenzy, with several hedge fund managers purchasing positions in the recently approved iShares Bitcoin Trust (NASDAQ: IBIT) during the first quarter. Israel Englander of Millennium Management purchased 20.9 million shares of the iShares Bitcoin Trust, valued at $844 million on March 31. The ETF ranks as his 12th largest position excluding options contracts.
iShares Bitcoin Trust sees significant investments
The approval of spot Bitcoin ETFs has unlocked demand from institutional investors, a group with about $100 trillion in assets under management. This surge in demand is expected to drive Bitcoin’s price higher, with some analysts predicting a potential 1,050% to 5,400% upside from its current price.
Bitcoin’s potential upside is substantial
Furrever Token: A Refreshing Investment Opportunity
Amid the buzz around Bitcoin and Ethereum, Furrever Token (FURR) offers a refreshing and delightful investment opportunity. Operating on the BNB-20 blockchain, Furrever Token is designed to bring joy and engagement to the crypto world with its charming cat-themed ecosystem. The tokenomics are strategically planned, with 65% available during the presale, 25% allocated for decentralized exchanges (DEXs), and 10% reserved for the team, locked for a year to ensure stability and long-term commitment.
Furrever Token offers a unique investment opportunity
To capitalize on the current market excitement, Furrever Token is offering a limited-time 25% bonus on new purchases. Available from May 31, 2024, to June 10, 2024, this offer allows investors to receive an additional 25% of Furrever Tokens using the bonus code FURR25. This is an exceptional chance to maximize your investment and join a vibrant community centered around fun and engaging interactions.
Furrever Token’s limited-time 25% bonus
