Friday, 12 April 2024

Crypto News

Will it rally higher ahead of the halving?

Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale

Key takeaways

  • Bitcoin has set a new all-time high of $73k and could soar higher in the short term. 

  • The Bitcoin Dogs presale will end in two days and the project has raised more than $10 million so far. 

Bitcoin sets a new all-time high at $73k

Bitcoin has set a new all-time high price for two consecutive days this week. BTC surged to a new all-time high on Tuesday after trading around the $73k region. The milestone came after BTC added more than 1% to its value on Tuesday, 

The world’s leading cryptocurrency by market cap has slightly retraced. At press time, the price of Bitcoin stands at $72,060, up by less than 1% in the last 24 hours. 

Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.4 trillion mark, overtaking Silver as the eighth-largest asset in the world. BTC could soar higher ahead of the Bitcoin halving, which is roughly 38 days away. 

What is Bitcoin Dogs?

As Bitcoin is soaring, projects on the Bitcoin blockchain are also attracting interest from investors. Bitcoin Dogs is one of the projects that is fast becoming a favourite amongst investors. 

Bitcoin Dogs is a unique project as it is the first BRC-20 ICO on the Blockchain network. This project intends to offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. 

The Bitcoin Dogs ICO has attracted investors within the Web3 ecosystem and has raised more than $10.5 million so far. The presale will end in two days and the token will launch on decentralised and centralised exchanges. 

The presale began 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. 

Furthermore, the the Bitcoin halving is only 38 days away, and it is an exciting event that could see BTC’s price soar higher in the near term. These factors make the Bitcoin Dogs’ ICO a special one in the market. 

Bitcoin Dogs is a pacesetter as it is the first BRC-20 ICO on the Bitcoin network. The project will be powered by its native $0DOG token. 

Bitcoin Dogs presale surpasses $10.5m

The Bitcoin Dogs presale has already raised more than $10.5 million less than a month after it was launched. The $10.65 million raised so…

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