Saturday, 20 April 2024

Crypto News

Will it rally towards $60k soon?

Will it rally towards $60k soon?


  • Bitcoin crossed the $52k mark on Wednesday and could be heading towards the next resistance around the $60k level.

  • Bitcoin Dogs’ presale has already raised nearly $1 million within a few days, ushering in a new era of BRC-20 ICOs.

The cryptocurrency market has been bullish since the start of the week, with Bitcoin and other major cryptocurrencies rallying higher. Investors continue to eye new projects, and Bitcoin Dogs is one of the projects that could take advantage of Bitcoin’s current price rally.

Bitcoin eyes the $60k resistance level following its recent rally

The cryptocurrency market has been bullish since the start of the week, with Bitcoin’s price up by more than 10% in the last four days. It reached a yearly high of $52,623, its highest level since 2021. 

At press time, the price of Bitcoin stands at $51,836, up by more than 5% in the last 24 hours. Thanks to the recent rally, Bitcoin’s total market cap has now crossed the $1 trillion mark for the first time in more than two years.

If Bitcoin can maintain its current momentum, it could reach the next resistance level at $60k in the coming days or weeks. 

What is Bitcoin Dogs?

Bitcoin has been rallying over the last few days, and the BTC ecosystem remains the centre of attention in the crypto market. Projects launching on the Bitcoin network could record massive growth in the coming months and years. One such project is Bitcoin Dogs. 

Bitcoin Dogs is a unique project leveraging the power of the Bitcoin network. It is set to become the first BRC-20 token ICO. The project will offer investors an exciting value proposition as it will combine the elements of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. Thus, ensuring that investors and users have an immersive experience when they engage with the Bitcoin Dogs project. 

Bitcoin Dogs’ launch comes just a few weeks after the launch of spot Bitcoin ETFs in the United States. The Bitcoin halving is also two months away, an exciting event that happens every four years. 

Previously, most presales in the crypto market have been ERC-20 and BNB tokens. Bitcoin Dogs is setting a new trend by introducing $0DOG, its native token, as a novel investment opportunity on the Bitcoin blockchain. 

Bitcoin Dogs presale approaches $1m

The Bitcoin Dogs presale is growing rapidly…

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