Artificial Superintelligence Alliance

Donald Trump

Bitcoin

Kamala Harris (kamalaharriscoin.com)

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-sees-volatility" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Sees Volatility</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-surges-as-adam-back-foresees-new-heights" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price rapidly surged towards $67,000 but retracted by nearly $700 as the report was being prepared. The market saw further fluctuations as the price, which had initially increased with the opening of the US market, later reversed. Despite these short-term movements, <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> are advised not to overlook the cryptocurrency’s long-term potential.</p>
<h2 id="what-drives-fet-coin-s-growth">What Drives FET Coin’s Growth?</h2>
<p style="text-align: justify">Amid Bitcoin’s volatility, some altcoins demonstrate a positive trend, particularly in the mid-term. A notable example is FET Coin, now part of the Artificial Superintelligence Alliance (ASI) alongside OCEAN and AGIX. The first phase of their merger was completed on July 22. While this did not result in a stable rise for FET, the second phase, approaching shortly, might reverse the short-term negative trend.</p>
<p style="text-align: justify">The anticipated net inflows on the ETH ETF front in the coming days are expected to boost risk appetite in altcoins. With the start of MTGOX refunds, those who met the conditions received their refunds promptly. However, some investors did not follow the process, did not qualify, or passed away, suggesting that the major shock sales from refunds are already behind us.</p>
<h2 id="will-politicians-impact-crypto-sentiment">Will Politicians Impact Crypto Sentiment?</h2>
<p style="text-align: justify">On Saturday, notable figures such as Donald Trump and potentially Kamala Harris are slated to speak at a Bitcoin conference. It will be interesting to observe how politicians employ promises and rhetoric to attract crypto investors’ votes during this event.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify"><strong>Investor Takeaways:</strong></p>
<ul>
 <li>Watch for the market sentiment recovery as the second phase of the ASI merger approaches.</li>
 <li>Monitor the strong support level at $1.11 for FET Coin closely.</li>
 <li>Aim for the resistance level of $1.55 if the price remains above $1.27.</li>
 <li>Expect potential price targets to reach $1.69 in the short term.</li>
</ul>
<p style="text-align: justify">Finally, it’s crucial to consider that significant pricing occurred before the first phase, and overall market sentiment suppressed many positive developments. The anticipated market recovery aligning with the second phase could present a turning point for FET Coin and other cryptocurrencies.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-sees-volatility" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Sees Volatility</a></h5>

Bitcoin Price Sees Volatility

Table of Contents

BH NEWS

Other articles published on Jul 24, 2024

Hex Trust Set to Expand DPT Services in Singapore

Ethereum ETF Launch Outperforms Bitcoin Predictions: What’s on the Horizon?

Toyota plans to incorporate Ethereum blockchain technology into its vehicles

Top 3 Crypto ICOs Leveraging The Spot Ethereum ETFs Hype For Max Gains

Earn Rewards With Crypto Staking On OkayCoin

Everstake Joins exSat as a Validator to Boost Bitcoin Ecosystem

Join our free newsletter for daily crypto updates!