Tuesday, 23 July 2024

Crypto News

Swissblock analysts predict a $76k Bitcoin price target as Bitcoin Dogs presale ends in eight days

Bitcoin, Solana, Pullix price prediction as BTC dives below $40k

Key takeaways

  • Bitcoin set a new all-time high of $69,170 earlier this week and market experts expect it to rally higher.

  • Bitcoin Dogs has raised more than $8 million so far and its presale will close in eight days.

Bitcoin sets a new all-time high, targets $76k

The cryptocurrency market has been extremely bullish this week, with Bitcoin setting a new all-time high price on Tuesday. BTC traded at $69,170 on Tuesday, setting a new all-time high for the first time since November 2021. BTC flash crashed to the $62k level after reaching a new all-time high on Tuesday but is slowly recovering. 

At press time, the price of Bitcoin stands at $65,864.60, up by more than 3% in the last 24 hours. Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.2 trillion mark for the first time in over two years.

Despite setting a new all-time high, Swissblock analysts are confident that BTC’s quick break back above the $62,000 level marked the start of a fresh uptrend targeting the $76,000 price level.

What is Bitcoin Dogs?

Bitcoin Dogs is one of the projects attracting attention within the Bitcoin ecosystem. It is a unique project as it is the first BRC-20 ICO on the Blockchain network. 

According to the development team, Bitcoin Dogs will offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. This combination will enable users to enjoy an immersive experience when they engage with the Bitcoin Dogs project.

The Bitcoin Dogs ICO began three weeks ago and has already raised over $8 million. Its launch came a few weeks after spot Bitcoin ETFs in the US launched. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers as more investors buy into the Bitcoin dream. 

In addition to that, the Bitcoin halving is only 46 days away, and it is an exciting event that could see BTC’s price soar higher in the near term. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

Bitcoin Dogs is setting a trend by becoming the first BRC-20 ICO on the Bitcoin blockchain. Its native $0DOG will power the Bitcoin Dogs ecosystem. 

Bitcoin Dogs presale surpasses $8m

The Bitcoin Dogs presale has already raised more than $8 million roughly three weeks after it was…

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