Saturday, 20 April 2024

Crypto News

Bitcoin (BTC) could resume rally as Rebel Satoshi ($RBLZ) attracts investors willing to buy at launch

Bitcoin (BTC) could resume rally as Rebel Satoshi ($RBLZ) attracts investors willing to buy at launch

  • Bitcoin could soon regain its recent all-time high amid an upcoming halving event, huge ETF capital inflow, and favourable macroeconomics.
  • Newly released Rebel Satoshi presents a strong case for being the next viral meme coin.

Bitcoin is proving many doubters wrong on how it may be the best crypto investment. After a round of profit-taking following the all-time high it set earlier this week, BTC could be set to regain that level again in the near term. However, it’s not the only project receiving attention.

The new rebellious meme coin, Rebel Satoshi ($RBLZ), is beginning to attract investors after an eagerly awaited official launch. Learn more later about the project and how to get involved. Let’s first begin the news by looking at Bitcoin’s rise.

Bitcoin surpasses $69,000; sets new all-time high

Bitcoin has shown no let-up in its recent surge, which began in September 2023. The monthly low for BTC back in September was $24,923.10, but this has now shot up by 177% to a new all-time high of $69,063.10. 

The rally in BTC happened sooner than expected for many analysts in 2024. Analysts note Bitcoin’s halving next month as a major catalyst. However, it’s surprising that BTC has never surged so much before any of the three previous quadrennial halvings. Historically, Bitcoin tends to dip following this event, which is what many experts anticipate. Nonetheless, it’s a considerable factor in the bullish sentiment.

Another contributing factor is the billions of dollars continually pumped into Bitcoin exchange-traded funds, a sign of much-needed institutional interest. 

Finally, macroeconomics also favours BTC, with speculation of an interest rate cut for the US dollar. This often prompts investors to seek higher-yielding assets like BTC and other top crypto coins.

Many forecasts now suggest Bitcoin can reach a yearly peak of $75,000. Yet, there is a chance for a decline based on what happens after halving events.

Rebel Satoshi offers exciting developments following its recent launch

Rebel Satoshi is a new meme coin that witnessed an eagerly awaited launch a few days ago. This comes after a fast-selling presale where investors committed over $2.5 million to the project’s revolutionary goals of defying the financial status quo. Rebel Satoshi hopes to fuel a new decentralized era in the current monetary system while…

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