Bitcoin ETF

Bitcoin

Minedrop

<p><span style="font-weight: 400;">The Bitcoin price dropped by a fraction of a percentage in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $51,953</span></a><span style="font-weight: 400;"> as of 04:51 a.m. EST on trading volume that plunged 29% to $35 billion.</span></p>
<p><span style="font-weight: 400;">This comes as major U.S. banks and financial institutions are urging the Securities and Exchange Commission (SEC) to revise its crypto asset regulations.</span></p>
<p><span style="font-weight: 400;">In a letter to SEC Chair Gary Gensler, the institutions asked for a review so that they will have a larger role in the crypto field, including serving as custodians for spot Bitcoin ETFs (exchange-traded funds).</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">US banks, left off key bitcoin ETF roles, are pushing SEC to tweak guidance around holding digital assets. A bank trade gp coalition sent SEC letter asking them exclude ETFs from broad crypto umbrella. They want a piece of the action. I don't blame them, it isn't fair.… <a href="https://t.co/advPa94nK2" rel="noopener noreferrer nofollow">pic.twitter.com/advPa94nK2</a></p>
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1758189333079531752?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a></p>
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<p><span style="font-weight: 400;">The banks feel that the current regulatory guidance issued in March 2022 poses challenges for offering crypto custody services at scale. They propose narrowing the definition of crypto assets to exclude traditional assets recorded on the blockchain.&nbsp;</span></p>
<p><span style="font-weight: 400;">While the SEC has not yet responded to the request, it is clear that there is growing interest among major financial institutions in the crypto market, and that they are eager to play a more significant role.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-bullish-aims-for-a-breakout-above-the-bullish-pennant-span"><span style="font-weight: 400;">Bitcoin Price Bullish, Aims For A Breakout Above the Bullish Pennant</span></h2>
<figure id="attachment_481288" aria-describedby="caption-attachment-481288" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-481288" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-16_12-51-54.png" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-16_12-51-54.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-16_12-51-54-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-16_12-51-54-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-16_12-51-54-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-481288" class="wp-caption-text">
  BTCUSD Chart Analysis Source: Tradingview.com
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</figure>
<p><span style="font-weight: 400;">The Bitcoin price sustained bullish momentum this week, which saw it break above the $50,000 level. The BTC price is still bullish but seems to have hit some resistance around $53,000, with the rejection at this level allowing for a slight retrace to the current price of $51,953.</span></p>
<p><span style="font-weight: 400;">However, the price is trading within the upper boundary of the bullish pennant, which indicates that the price may continue its bullish trend.</span></p>
<p><span style="font-weight: 400;">The BTC price is trading above both the 50-day and 200-day Simple Moving Averages, which is an indication that there is an impending bull run. With the golden cross forming at $42,870, this may present an encouragement for the bulls to rally the price even higher.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is on a downtrend from the 70-overbought region at 63, which indicates that the current trend is poised for a rebound.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-481290" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-macd2.png" alt="BTC macd" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-macd2.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-macd2-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-macd2-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-macd2-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p>
<p><span style="font-weight: 400;">Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is trading below the signal line (orange), which shows that investors are currently selling but with signs of a rebound. The movement of the red bars on the histogram, which appear to be moving to the downside, supports this sentiment.</span></p>
<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;">The current Bitcoin price short-term analysis indicates high chances of a BTC correction, supported by the MACD line, which would see the Bitcoin price correct back to $50,000.</span></p>
<p><span style="font-weight: 400;">This level could help the bulls push the price higher, supported by a bullish pennant formation. BTC bulls are aiming for new highs, with $57,000 being the next target as they aim for $60,000.</span></p>
<p><span style="font-weight: 400;">While Bitcoin bulls await more definitive entry positions, investors are also turning their attention to Bitcoin Minetrix (BTCMTX ) as it moves to within a whisker of securing $11 million in its presale.</span></p>
<h2 id="span-style-font-weight-400-btcmtx-presale-closing-in-on-its-11-8-million-target-best-alternative-to-bitcoin-to-buy-now-span"><span style="font-weight: 400;">BTCMTX Presale Closing In On Its $11.8 Million Target – Best Alternative To Bitcoin To Buy Now</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">The Bitcoin Minetrix</span></a> <span style="font-weight: 400;">project is set to make Bitcoin cloud mining a cheaper and more secure endeavor through decentralization. You can access cloud mining with minimal cost, evading the intricate and resource-demanding nature of the activity.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Comparing <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> vs. Traditional Cloud Mining: 🚀</p>
 <p>💸 Cost: <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a> – Low cost, no minimum / Traditional – High cost, large minimum.</p>
 <p>🔒 Security: <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a> – Decentralized, user-owned / Traditional – Cash deposits.</p>
 <p>Choosing wisely for your <a href="https://twitter.com/hashtag/CloudMining?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CloudMining</a> journey! 🛠️💰 <a href="https://t.co/vE8vqd4KLM" rel="noopener noreferrer nofollow">pic.twitter.com/vE8vqd4KLM</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1758174475399418001?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a></p>
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<p><span style="font-weight: 400;">Such an interesting approach has already attracted many investors to the platform. The presale has successfully amassed more than $10.9 million as it races towards its target of $11.85 million.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The 26th stage of <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> has begun! 🌟</p>
 <p>What is the environmental impact of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> mining? 🌍💡 <a href="https://t.co/D1eErQCpRX" rel="noopener noreferrer nofollow">pic.twitter.com/D1eErQCpRX</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1758098931991421167?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">To join the presale, you can purchase BTCMTX tokens at a rate of $0.0135 per token, a that price will increase in less than four days.</span></p>
<h2 id="span-style-font-weight-400-earn-passively-with-btcmtx-win-3-000-in-minedrop-airdrop-competition-span"><span style="font-weight: 400;">Earn Passively With BTCMTX, Win $3,000 In Minedrop Airdrop Competition</span></h2>
<p><span style="font-weight: 400;">The platform also has a staking option, where you can </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">buy and stake your BTCMTX tokens</span></a><span style="font-weight: 400;"> and earn a 62% annual percentage yield (APY). Staking your $BTCMTX automatically earns you tradable ERC-20 token credits. These credits are then burned, after which you receive BTC cloud mining power.</span></p>
<p><span style="font-weight: 400;">By participating in the presale and staking, you position yourself as a contender with the chance to be one of the ten winners in the </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$30,000 minedrop competition</span></a><span style="font-weight: 400;">, each receiving a $3,000 prize.</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><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Jacob Bury, a crypto analyst on YouTube, believes that BTCMTX has the potential to surge 10X on launch.</span></p>
<p><iframe title="Bitcoin Minetrix ICO Hits $10M - Next 10X Potential Crypto?!" width="640" height="360" src="https://www.youtube.com/embed/Q3LtZHfZN_w?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;">To take part in the presale, visit </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">the BTCMTX official website</span></a><span style="font-weight: 400;"> and swap your ETH or USDT for BTCMTX. You can also make purchases directly using your bank card.</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://www.linkedin.com/pulse/dogecoin-price-prediction-doge-reach-1-2024-juliana-clarisse-calsona-yqwse" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">🚀 Dogecoin Price Prediction: Will DOGE Reach $1 in 2024? 🐶💰</span></a></li>
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 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Upcoming Crypto Presales: Unlock Early Investment Opportunities! 🚀🌟</span></a></li>
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Bitcoin Price Prediction: As Big Banks Call On SEC For Bitcoin ETF Custody Role, This Bitcoin Derivative Presale Is About To Blast Past $11 ...

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