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The Bitcoin price dropped 2% in the last 24 hours to trade at $64,367 as of 03:32 a.m. EST on trading volume that surged 4% to $34 billion.
This comes as the Bitcoin 2024 conference confirmed that Vice President Kamala Harris will not speak at the event in Nashville that starts today.
There had been hopes that Harris would join Donald Trump at the event in what would have been something of a showdown on crypto policies between the two presidential candidates.
Kamala Harris will not be speaking @TheBitcoinConf. No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her.
All eyes on Trump now.
— David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) July 24, 2024
The decision has sparked controversy and debate in the crypto space, highlighting the complex relationship between the current administration and the digital asset industry.
The Biden-Harris Administration didn't ignore crypto.
They didn't laugh at crypto.
They tried to fight and kill crypto.If you operate in bad faith and want to extend a sincere olive branch, you first need to demonstrate good faith:
Fire @GaryGensler
End Operation Chokepoint…— Cameron Winklevoss (@cameron) July 24, 2024
Meanwhile, all eyes have turned to the Republican presidential candidate, Donald Trump, who is scheduled to speak at the conference on July 27.
Bitcoin Price Bearish, Could The Bulls Stage A Trend Reversal?
The Bitcoin price has been on an upward trend since July 5, rising to the $68,237 resistance level, according to data from GeckoTerminal. After hitting the resistance, the token went through a retrace, forming a rounding top pattern as the bears continued to exert pressure.
With the BTC price trading below the 50-day Simple Moving Average (SMA), the bears aim to exert more pressure on the asset.
Moreover, the Relative Strength Index (RSI) shows that sellers have the upper hand, as the RSI trades on a downtrend, to trade at 37 currently.
According to the Bitcoin price analysis on the 4-hour chart, the token is currently on a bearish trend as the bears capitalize on the rounding top pattern. If the selling continues, the token could retrace back to the $60,529 support level.
In an inverse scenario, as the RSI shows that the token is currently undervalued, buyers may start adding to their buying positions, driving the token towards a bullish rally to target $68,000.
Meanwhile, as the BTC price bulls look for more buying opportunities, other Bitcoin enthusiasts are buying into 99Bitcoins (99BTC) before its presale ends on August 6.
99Bitcoins Enters Final Leg Of ICO With Over $2.5 Million Raised
99Bitcoin is an educational platform with over 2 million registered users for its courses and more than 705,000 subscribers on its YouTube channel.
Since its launch in 2013, the project has emerged as a pillar of crypto education and now it’s launching its own crypto token, 99BTC.
With the introduction of its own token, the project is set to introduce a groundbreaking learn-to-earn (L2E) model. It will gamify crypto education by allowing token holders to tackle challenges and complete lessons to earn higher rankings and $99BTC tokens as rewards.
What is Spatial Computing? Discover how #Blockchain is transforming AR/VR, making immersive digital worlds more interactive and secure.
Dive deeper: https://t.co/2hlZYRFHBv#99BTC #SpatialComputing #Web3
— 99Bitcoins (@99BitcoinsHQ) April 8, 2024
99Bitcoins also plans to integrate its token into the Bitcoin network using the BRC-20 token standard.
Introducing $99BTC on BRC-20! 🎓
Since 2013, #99Bitcoins has been the go-to resource for learning about #Cryptocurrency.
We're launching a platform that enables the building of #dApps on top of the #Bitcoin network!💡#LearnToEarn rewards users on the Bitcoin blockchain.🙌
— 99Bitcoins (@99BitcoinsHQ) April 30, 2024
Token holders can also stake their 99BTC tokens for an impressive 944% annual percentage yield (APY).
Jacob Bury, a popular crypto analyst and YouTuber, says that the 99Bitcoins token could turn a $1K investment into $10K after its launch.
You can buy 99BTC tokens for $0.00115 each. With a price hike coming in less than five days, and the project wrapping up fundraising efforts by August 6, buy now to lock in the best deal.
To join the presale, buy $99BTC from the official website here using ETH, USDT, or a bank card.
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