Bitcoin Price Prediction: As BTC Wobbles, Bitcoin Minetrix Blasts Past $2 Million Raised

Updated: 25 October 2023

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BTC’s price sits at $34,182, with a daily trading volume of $32.05 billion, around 34% lower than yesterday.

Crypto Market is Buying Ahead of Potential Spot ETF Approval

Speculations regarding the potential approval of a Bitcoin spot ETF have dominated the headlines since early June, when BlackRock filed its proposal, causing a price increase that came in several waves. A lot has happened since then, but no spot ETF proposal has seen approval by the US SEC as of yet.

Even so, many in the market remain convinced that the regulator has run out of options and is pressured from all sides to finally give in to the requests and approve one or more Bitcoin ETFs. In expectation of this, market participants have started rapidly buying BTC, leading to the price surge early this week.

Some suggest that Bitcoin could see a $10,000 single-day rally soon and that Bitcoin’s performance so far was just the coin “getting warmed up.” It should be noted that this is only very optimistic speculation at this point. Still, the analyst who provided it is a closely followed Credible Crypto with over 348,000 followers on X.

Credible Crypto believes that Bitcoin’s momentum is on the rise and that it is slowly getting into a position where it could see a massive rally in one day. Whether this will happen remains to be seen.

Bitcoin Minetrix Presale is About to See Another Price Increase

With Bitcoin’s price expected to rise and the block rewards halving scheduled in roughly six months, Bitcoin Minetrix (BTCMTX) has seen significant attention in the last few weeks.

The project allows users to purchase its native token, stake it, and receive credits, enabling BTC by using coin Minetrix’s cloud mining platform.

The project is well aware that many people in the crypto industry have no faith in cloud mining, as there have been numerous fraudulent platforms.

To eliminate these concerns, the project created a decentralized, highly transparent platform where users will always be in complete control of their staked assets.

Its presale has already raised over $2.28 million. In roughly three days, the token — currently available for $0.0112 will see another price increase, so the time to buy cheaply is right now before that happens.

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