Bitcoin

Green

Captain

The post <a href="https://coinpedia.org/press-release/bitcoin-price-rises-green-bitcoin-ico-hits-8-5m/">Bitcoin Price Rises 5% Amid Increasing ETF Trading Volume as Green Bitcoin ICO Hits $8.5M</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Bitcoin is displaying bullish momentum as its price bounces 5% today, currently trading at $67.4K. 
Meanwhile, the new ICO cryptocurrency Green Bitcoin is also surging ahead, recently surpassing the $8.6 million mark at presale. 
<h2 class="wp-block-heading" id="h-btc-price-pumps-as-analysts-anticipate-85k-and-etf-demand-uptick">BTC Price Pumps as Analysts Anticipate $85K and ETF Demand Uptick</h2> 
In recent weeks, Bitcoin’s price has been primarily driven by unprecedented trading volume from spot ETFs. 
After peaking at highs of $74K in mid-March, Bitcoin underwent a selloff, which coincided with net outflows across the ETF market. 
However, having found support between $62K and $63K, bulls have absorbed the ETF outflows as Bitcoin’s price pushes beyond $67K. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/PWonk_MCbP8eTgVsbdaOC7FqAueXgAeJJpXpKXIV9oqSOfxQWT4SF39EXuAMFx5IA0V9amHbJW93LDrMS0_4LuJBBnu8-lF3cNdyC72UY5y5xSAAaaT-N8xmr2qdEYs-byhmW13nEk-FeOd1Usx40OE" alt="cmc chart">
</figure> 
At the time of writing, Monday’s trading session on the U.S. stock market has yet to begin, but analyst Mister Crypto <a href="https://x.com/misterrcrypto/status/1771945320835862542?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow">alludes</a> that ETFs will start accumulating BTC again soon. 
“The highest net inflow for spot Bitcoin ETFs was recorded at the exact peak of BTC. Now, during this dip, investors are beginning to sell. It seems like a good strategy to countertrade these ETF flows and buy the BTC dip now,” he wrote. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/N_Za1l2uTCJsAxic2dulnSnQckQDsRCcq2u_YQj8Laly7IYkmIuaW2hpeU1n1x2cHhqFwjbqb9lVdRhhkc9YbD877NegRFDF5ZkMfepN42fNMJ5nvq4LVefkzSbA_W8ZL6ga1RQT3HiKF1WWJLV78EU" alt="farside-investors">
</figure> 
Adding to the excitement, analyst Captain Faibik <a href="https://x.com/CryptoFaibik/status/1771408185825386545?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow">noted</a> today that Bitcoin has found support within an ascending wedge, anticipating an explosive move toward $85K. 
When analyzing last week’s selloff, he said, “Some people were waiting for the correction when Bitcoin was Pumping in the past days, and now they’re saying that the Bitcoin bull run is over.” 
He continued, “According to price action, BTC has completed the Necessary +15% correction, and now a significant bullish daily candle could change market sentiment. Remember, Bitcoin halving rally is still ahead, so don’t sell too early.” 
Yet, this is not the only analyst anticipating a bullish trajectory. 
Prominent market commentator Satoshi Flipper <a href="https://twitter.com/SatoshiFlipper/status/1772002819278577847/photo/1" target="_blank" rel="noreferrer noopener sponsored nofollow">suggested</a> that Bitcoin has broken and retested a symmetrical triangle to the upside, stoking speculation of a move toward $80K. 
The move follows a descending channel breakout, bolstering the analyst’s bullish bias. 
“$80,000 sooner than you think,” he wrote. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Ch1bZ-7xLyizXE66nwBwHY8PMkZ4NQvmx_y-hoKqOrYHhm5RFrNn8OrzoiW3-WFHEcOBh7P_TNTKORVLiCrX609izVU2bUwnuYG4A_zjfEccP1wxYwzcTafzPcRTb9IUl28PTlCVOrN7UgAJqSpJB1c" alt="cmc chart">
</figure> 
Indeed, Bitcoin’s recent recovery has ignited a wave of optimism across the market, but new ICO crypto, Green Bitcoin, is also benefiting as it surpasses $8.6 million at presale.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-predict-to-earn-project-green-bitcoin-raises-8-6m-and-is-backed-to-10x">Predict-to-Earn Project Green Bitcoin Raises $8.6M and is Backed to 10X</h2> 
Enthralling crypto rewards await with the new presale <a href="https://bs_08d89f01.coinpedia.care?referrer=bitcoin-price-pumps-5-as-market-absorbs-etf-outflows-while-green-bitcoin-ico-hits-$8m" target="_blank" rel="noreferrer noopener sponsored nofollow">Green Bitcoin</a>. As a BTC alternative, this Ethereum-based sensation has caused a stir, garnering attention with its robust use case and compelling reward models. 
In addition to raising $8.6M, prominent industry figures have gotten on board. For instance, renowned gem-hunter Jacob Bury recently <a href="https://www.youtube.com/watch?v=VWvjq40oJNo&amp;pp=ygURZ3JlZW4gYml0Y29pbiAxMHg%3D" target="_blank" rel="noreferrer noopener sponsored nofollow">suggested</a> it could 10x after its exchange launch. 
The frenzy has spilled over to top media outlets, with Cointelegraph, Techopedia, Inside Bitcoins, and Bitcoinist all backing it. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/aMCkLm-QC0CyBRJx3AqYIDfFHO-3tCDBJsX2AgCnXG8LcRgO1og6AIkWZzekYo4hpnUip3LOAKCKwkLhRT2OZm4uJTF5QJqGArpMOrQ3AQ1c0IPtZc4uXRHrwrGnCvrNNkXtPi0a9i51wv5yPPsPxrc" alt="green-bitcoin">
</figure> 
Green Bitcoin’s unwavering hype comes from its multi-faceted approach to tackling Bitcoin-related issues. 
The most prominent is regarding energy consumption. Green Bitcoin swaps out Bitcoin’s energy-intensive Proof-of-Work model for Proof-of-Stake. This means that while one Bitcoin transaction uses 1,173,000 Wh of energy, a Green Bitcoin transaction uses just 34 Wh. 
It also offers much more functionality and utility. Green Bitcoin’s flagship feature is predict-to-earn, inviting users to guess whether Bitcoin’s price will rise or fall the next day in exchange for $GBTC rewards. 
Users must stake $GBTC tokens to access the feature, providing a demand stream that could enable long-term price action. Stakers also get a 77% APY, but this decreases as more tokens are staked. 
There are just three days left to <a href="https://bs_08d89f01.coinpedia.care?referrer=bitcoin-price-pumps-5-as-market-absorbs-etf-outflows-while-green-bitcoin-ico-hits-$8m" target="_blank" rel="noreferrer noopener sponsored nofollow">buy Green Bitcoin</a> at presale, so market participants must act fast.

Bitcoin Price Rises 5% Amid Increasing ETF Trading Volume as Green Bitcoin ICO Hits $8.5M

Table of Contents

CoinPedia News

Other articles published on Mar 25, 2024

ParaSwap Reclaims and Secures User Funds After Smart Contract Breach

Tron (TRX) Price Confirms First Downtrend In Seven Months – What’s Next?

BlockDAG’s $8.3 Million Presale Victory Outshines Quant And PUSHD, Paving The Way For Blockchain ...

The head of the Kraken cryptocurrency exchange advocates for the creation of a Bitcoin ETF in the...

Bitget Lists BeFi Labs (BEFI) expanding the BRC20 Ecosystem Zone (25 Mar)

Russian Binance Alternative, CommEX, Closes Down

Join our free newsletter for daily crypto updates!