Token

Bitcoin ETF

Bitcoin

Spot

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 <p class="is-style-lead">Bitcoin’s (BTC) price has been on a tear in recent months, rising over 62% since mid-October. As the world’s largest cryptocurrency continues its remarkable <a rel="dofollow" title="rally" href="https://thebittimes.com/tag/rally.html">rally</a>, a new crop of Bitcoin <a rel="dofollow" title="clones" href="https://thebittimes.com/tag/clones.html">clones</a> and alternatives are emerging that could be poised for massive growth in 2024.</p> 
 <p>This article explores why BTC is rising before analyzing two other crypto contenders that could also rise in sync.</p> 
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 <h2 class="wp-block-heading" id="strong-spot-etf-hype-legal-tailwinds-and-slowing-inflation-boost-bitcoin-strong"><strong>Spot ETF hype, legal tailwinds, and slowing inflation boost Bitcoin</strong></h2> 
 <p>Bitcoin rise can be attributed to several key factors.</p> 
 <p>Firstly, anticipation about the approval of a spot Bitcoin ETF has been a significant driver of price.</p> 
 <p>Spot ETFs could open the floodgates to significant investment inflows from mainstream investors who want Bitcoin exposure through their brokerage accounts.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Md8vJJ7xZhqJrqPXiRwbTkrtSt6R-fN9Rzqq1-9C20oX8iQ274BHiBp8eAeWngEBoj8rARuZ7yXNCwYVyJ8TF0mWo-K7CV1rMtAredXpgOK8f1qn6rHyp2ynykHrfcn-kZszPwR9k9ZetLxlRCGjlY0" alt="BTC rallying, Bitcoin clones could surge in 2024 - 1">
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 <p>As demand rises with this new capital, Bitcoin’s price could benefit massively.</p> 
 <p>Secondly, cooling inflation levels have boosted Bitcoin’s price outlook.</p> 
 <p>As inflation cools, pauses in Federal Reserve (Fed) interest rate hikes (or even rate cuts) become more likely – which is bullish for BTC.</p> 
 <p>Additionally, positive developments on the legal front this year have supported Bitcoin’s rise.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/HycKFqaUSyZZIr4UGoMKbN-v5BZQ5numXfOnPS76snMuA3PmtiMXmaJm0g9UFc2K895OBSTrTNogMUokdBVb0H255fZJga7GXfygbQcOgsgL0XaRsYkUN5rdacgugOi8KSR4jeVJ8xmteZi9u3mWriE" alt="BTC rallying, Bitcoin clones could surge in 2024 - 2" style="width: 100%;height:auto">
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 <p>The federal court ruling in favor of Ripple Labs in its long-running battle with the SEC has contributed to positive sentiment in the crypto market.</p> 
 <p>Meanwhile, the settlement of the Binance case with the Department of Justice has removed some of the regulatory uncertainty hanging over major crypto exchanges.</p> 
 <p>With inflation coming down and regulatory uncertainty clearing, Bitcoin has become a more appealing asset for investors .</p> 
 <h2 class="wp-block-heading" id="strong-which-bitcoin-clones-could-rally-in-2024-strong"><strong>Which Bitcoin clones could rally in 2024?</strong></h2> 
 <p>While Bitcoin has captured most of the attention and headlines, several alternative cryptocurrencies have quietly gained traction.</p> 
 <p>Looking ahead to 2024, two Bitcoin <a rel="dofollow" title="clones" href="https://thebittimes.com/tag/clones.html">clones</a> could be poised for breakouts if current trends continue.</p> 
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 <h2 class="wp-block-heading" id="strong-bitcoin-etf-token-looks-to-leverage-spot-btc-etf-hype-strong"><strong>Bitcoin ETF Token looks to leverage spot BTC ETF hype</strong></h2> 
 <p>Bitcoin ETF Token is an Ethereum-based token whose tokenomics and rewards directly aligns with the developments around the approval of a spot Bitcoin ETF.</p> 
 <p>As a way to speculate on the impacts of a spot BTC ETF, BTCETF has quickly captured investors’ attention.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/0SDC3eju3F0LXSZAIaOhdv32IGaFwt3i1nGjRj6hFzvZw-hBr6eagm2sIDlG1GL1_RCUvLjAS0Po6HIxu00pKGuS1TubPybPhcx0SgeKDX4lUxbqXpZKuAYBFxp2d28YjgzXK1ep6Gdg3JTlJ_jYHVc" alt="BTC rallying, Bitcoin clones could surge in 2024 - 3">
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 <p>The token employs a deflationary mechanism that benefits long-term holders – each time an ETF approval milestone is reached, 5% of the total token supply is burned.</p> 
 <p>As outlined in the project’s whitepaper, 25% of the 2.1 billion BTCETF supply will be destroyed across five key milestones.</p> 
 <p>Additionally, Bitcoin ETF Token will have a 5% transaction tax attached to enhance the deflationary effects.</p> 
 <p>Having raised over $2.9 million through its presale so far, BTCETF is demonstrating high investor interest in gaining exposure to the ETF narrative.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/sAoTA4KH1gBEV-Z8py9KseHq-DbKKURdaDIN6OcTIIfHXnzBPnefsRlk8RBzA5RWso4DXY_I1l_v4myVulFGZVvEUie064BIMABm7op_OT4xGEVokLOJvgiHPjox3MXGzuHqevBaHw2Uiu93mSzUNiU" alt="BTC rallying, Bitcoin clones could surge in 2024 - 4">
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 <p>Once the presale concludes, the token will be launched on DEXs to increase accessibility.</p> 
 <p>Influencers, like Matthew Perry, believe these listings could drive the BTCETF token higher in 2024.</p> 
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  <div class="wp-block-embed__wrapper"> <iframe title="This Honestly Looks Appealing!!! || Bitcoin ETF Token" width="1020" height="574" src="https://www.youtube.com/embed/v7zuwvFZ-Ds?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 <h2 class="wp-block-heading" id="strong-bitcoin-minetrix-aims-to-reshape-crypto-mining-strong"><strong>Bitcoin Minetrix aims to reshape crypto mining </strong></h2> 
 <p>Bitcoin Minetrix allows users to earn BTC rewards through cloud mining credits without needing expensive hardware or technical knowledge.</p> 
 <p>The platform uses a staking model where its native tokens, BTCMTX, are staked to generate mining credits, which can be redeemed for cloud mining power.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/hMPHTRUFXQZdAixI-0Yl_q-LjmCmz98UhvtTSFyerV1m9Hpgskm1aRq845D1iFA1pSC534rLloyU7eEna-zjk7-pvpN_h-pZBivsir-KwlqsfLHYaUiqjPRugkLJcSDaTI-GEYd6L--glVESwOqXUgs" alt="BTC rallying, Bitcoin clones could surge in 2024 - 5">
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 <p>By eliminating the barriers to entry for Bitcoin mining, BTCMTX appears to be turning heads in the market.</p> 
 <p>Nearly $5 million has been raised in the presale across various stages, each seeing the BTCMTX price rise incrementally – incentivizing early participation.</p> 
 <p>Another feature drawing attention is BTCMTX’s staking rewards at 120% APY.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/GDptFiYxZzWQ52-22-y2Cr7iFTbfGWah962JDlTq5pOKPlcJRHEZMSQZbA10_sVTMcYv1jpEbrM6EQrYJUuBFyU6lQkTyR5O-LGBvsn__okTCmgVkSx7K7-hLUCHDEVTIqVH6U84MTkPCCl7b2q-lYA" alt="BTC rallying, Bitcoin clones could surge in 2024 - 6">
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 <p>The project has even been audited by blockchain security firm Coinsult, adding another layer of credibility for investors.</p> 
 <p>With its “stake-to-mine” concept and high rewards, BTCMTX appears to be gathering momentum ahead of its launch.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/btc-rallying-bitcoin-clones-could-surge-in-2024-tbt73097.html">https://thebittimes.com/btc-rallying-bitcoin-clones-could-surge-in-2024-tbt73097.html</a></p>

BTC rallying, Bitcoin clones could surge in 2024

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