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The Bitcoin price has plunged by 2.52% in the last 24 hours to trade at $41,361 as of 7:25 a.m. EST on trading volume that surged 32% to $27 billion.
The drop in the BTC price comes as BlackRock takes the lead on the Robinhood platform in terms of the popularity of spot Bitcoin ETFs.
According to recent data, BlackRock’s spot Bitcoin ETF has ranked as the most popular among the 11 new funds available on Robinhood in terms of volume, followed closely by Grayscale.
Excited about the Bitcoin ETF news? All 11 are now available on Robinhood: https://t.co/hDdECIUz70
And when you transfer your brokerage account into Robinhood you get a 1% bonus on us: https://t.co/2mExIfm5T9. Terms apply. pic.twitter.com/bZ6TbAzNhN
— Robinhood (@RobinhoodApp) January 12, 2024
According to Robinhood’s brokerage officer, Steve Quirk, most of the customers on the exchange are intentionally selling a portion of their existing portfolio to buy spot Bitcoin ETFs.
Bitcoin Price Looking For A Bullish Upswing
The Bitcoin price has experienced a slight decrease as the bears breach the $41,582 rejection zone. Bitcoin’s value is navigating a critical juncture, hovering around its support level of $40,850.
It is also trading slightly below the 50-day simple moving average (SMA) on the lower boundary of the rising channel
However, the Bitcoin price has sustained its momentum, trading above the 200-day SMA, which could be a positive sign of a possible rebound, with its moving average (MA) crossing at $28,500, a confirmation of the bullish momentum.
The relative strength index (RSI) is also in a downtrend, trading below the 50-midline level at 42, indicating intense selling pressure.
The BTC price is on a downward trend. However, if the bulls can sustain through the pressure and find support at the $40,850 level, there is a possibility of a bullish upswing.
If the current support level is breached, the price may experience a further downturn, with the likely support at $36,392.
Such a downtrend scenario opens up an opportunity for investors to add more BTC to their portfolios. But investors who want turbocharged returns are buying Bitcoin Minetrix. Its token, BTCMTX offers a great opportunity to diversify your portfolio.
Bitcoin Minetrix Explodes Past $8.8 Million, Headed For The $9.5 Million Soft Cap
Bitcoin Minetrix’s (BTCMTX) successful presale is closing into its $9.5 million soft cap, having secured over $8.8 million in investments already.
#BitcoinMinetrix achieves yet another milestone, raising over $8,800,000! 🚀 pic.twitter.com/eHGCvK020O
— Bitcoinminetrix (@bitcoinminetrix) January 19, 2024
Currently, you can buy BTCMTX at a reduced rate of $0.0129 per token before the price increases in less than 20 hours. This is still below what the price of Bitcoin was when it launched.
Bitcoin Minetrix is a cloud mining platform that provides a user-friendly method for market participants to earn rewards by participating in decentralized Bitcoin (BTC) mining.
The platform enables this process through the stake-to-mine feature, which gives users total control of their mining activities without the need for the requisite expertise.
The platform also eliminates the need for one to have an upfront investment in rigs and hardware. This gives users a seamless way to do cloud mining.
#BitcoinMinetrix is a cutting-edge cloud mining platform, empowering users to participate in decentralized $BTC mining.
By eradicating the risks associated with third-party cloud mining scams, it provides users with full command over their mining activities. 🔒 pic.twitter.com/MWZnuafYih
— Bitcoinminetrix (@bitcoinminetrix) January 18, 2024
To mine on the BTCMTX platform, you must have an Ethereum-compatible wallet like MetaMask to purchase and stake BTCMTX tokens.
Join The Presale Now, Stand A Chance To Win $3000
Since the start of the presale, the platform has had a $30,000 minedrop airdrop competition, where ten people will be declared winners, with each individual taking a $3,000 prize.
You could be among the ten lucky winners for the reward. All you need to do is participate in the current presale by buying BTCMTX tokens.
Another way you can earn from the platform is through their lucrative stake-to-earn mechanism. At the moment, the project is offering a generous annual percentage yield (APY) of 74%. There are already over 560 million BTCMTX tokens staked.
CryptoNews, a popular YouTube crypto channel, has featured Bitcoin Minetrix in one of their latest videos. Host Ari explains why, in the current altseason, BTCMTX may have an exponential surge.
To join the ongoing presale, visit the BTCMTX official website, connect your digital wallet, and swap your ETH or USDT for BTCMTX tokens. You can also buy directly using your bank card.
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