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The Bitcoin price jumped 2% in the last 24 hours to trade at $59,133 as of 03:42 a.m. EST on trading volume that surged 23% to $34 billion.
This comes as Marathon Digital Holdings, one of the world’s largest Bitcoin mining firms, announced its plans to privately offer $250 million in convertible senior notes due 2031. The private offering is targeted at qualified institutional buyers.
The firm aims to use the proceeds to acquire Bitcoin as well as fund corporate growth.
Bitcoin Price Could Sustain Its Rally
The Bitcoin price has been in a sustained rally in the last week, soaring 7%, according to data from GeckoTerminal.
BTC has been trading within a rising channel pattern, with the price surging over the channel once as it rose to the $62,500 resistance.
The bulls now aim for a sustained rally over the channel, as BTC climbs over the 50 Simple Moving Average (SMA) on the 4-hour chart. A sustained rally could propel the price of Bitcoin to the upper boundary of the channel, and within the 200 SMA at $62,532.
If this momentum continues, the price of Bitcoin could soar above the rising channel, with the bulls potentially looking to target $66,700.
However, the Relative Strength Index (RSI) is dropping from the 50-midline level, currently at 46, which is an indication that sellers are gaining control of the token. If the selling continues, the BTC price could plunge further down to the $58,211 support (50 SMA).
Meanwhile, another crypto, Mega Dice (DICE), is preparing to explode. Top analysts and investors are rushing to buy this token before it’s too late.
DICE: The Next 100X Crypto? Join the Mega Dice Revolution Today
The crypto world is abuzz with excitement over DICE, the native token of the rapidly growing Mega Dice Casino. With predictions of a potential “100X” return post-launch, now might be the perfect time to consider this opportunity.
Mega Dice Casino is not a small platform. It boasts over 11,000 active users and processes more than $50 million in monthly bets. Offering a vast array of over 4,000 casino games and more than 50 sports and eSports betting options, Mega Dice is quickly becoming a go-to destination for gaming enthusiasts.
What makes DICE truly stand out is its innovative staking model. Token holders can earn daily rewards based on the casino’s profits, providing an attractive incentive to hold onto this potentially lucrative cryptocurrency.
In addition, the seamless integration with the popular TON Wallet on Telegram and the ability to manage your funds has never been easier.
Mega Dice casino now supports the best Telegram wallet! #TON💳
Easily use your TON by choosing it as your deposit method and connecting your wallet in just a few steps. Start playing and winning today! 🔥
Join now👇https://t.co/FjIFjfAnCY pic.twitter.com/hlqt50vBUF
— Mega Dice Casino (@megadice) August 7, 2024
Influential crypto YouTubers like TodayTrader predict a substantial return on investment, forecasting a potential “100X” post-launch.
With DICE already raising over $1.7 million in its presale, momentum is building fast. Tokens are currently priced at just $0.105266 each.
Buy DICE using BNB, ETH, or SOL on the official Mega Dice website.
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