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The Bitcoin price has fallen 0.5% in the last 24 hours to trade at $42,555 as of 6:05 a.m. EST as trading volume surged 35% to $20.5 billion.
The drop comes as BlackRock rolls out a boomer-focused advertisement in the marketing battle for Bitcoin ETFs.
Amazing ads from Blackrock on $IBIT, the Blackrock Bitcoin Spot ETF.
Definitely a new market of investors is reached through $IBIT
— Alessandro Ottaviani (@AlexOttaBTC) January 14, 2024
The investment giant unveiled its inaugural video ad on January 11, wherein a BlackRock executive elaborates on the value proposition of Bitcoin and guides investors on accessing the new ETF, marking a departure from the traditionally more dynamic ad campaigns in the crypto space.
The competition in the marketing arena for Bitcoin ETFs intensified following Bitwise’s initial advertisement on Dec. 18. Soon after, ETF issuers Hashdex and VanEck joined the fray with their ads.
In January, ARK Invest and Grayscale launched fresh advertising campaigns as the Valkyrie Bitcoin Fund, identified by the ticker BRRR, was featured on the Nasdaq billboard in Times Square, New York City.
There are a lot of crypto assets, but only one $BTC. There are a lot of spot Bitcoin ETFs, but only one $GBTC.
Learn more: https://t.co/RSHmZE6JJ2 pic.twitter.com/P7aBKPLTL3— Grayscale (@Grayscale) January 11, 2024
Bitcoin Price Maintains Bullish Momentum Trading Within The Rising Channel
The Bitcoin price has fallen back to the accumulation stage, shaping a rising channel as the price rebounds on the lower boundary of the channel. The bulls are gearing up to propel the price beyond the $45,000 threshold.
The BTC price currently trades above both the 50-day and 200-day simple moving averages (SMAs). The bullish sentiment is further affirmed by the occurrence of a golden cross at the pivotal level of $28,450.
The Relative Strength Index (RSI) indicates a downtrend from the 68 level to 46 below the 50 midline level. However, with a little push, the RSI could rebound again and reach the overbought level of 70.
Bitcoin Price Bulls Gear Up For A Comeback Above The $49,000
BTC bulls are gearing up for a comeback above the $49,000 resistance, as the price is trading within a rising channel, providing a chance for an upward push.
A sustained effort may break the $49,000 barrier, propelling the BTC price upward, with bullish investors targeting higher levels above the $ 50,000 mark.
As the traders await a bullish signal to add more positions, investors looking to diversify their portfolios are buying BTCMTX.
BTCMTX Presale Closes in on $9.4Million Target Approaching Final Stage, Secures $8.4Million
The Bitcoin Minetrix (BTCMTX) presale is approaching its final stage, with just a few hundred thousand dollars to meet the $9.1 million target.
There’s only 20 hours left to buy the remaining allocation at $0.0128 per token before the price rises to $0.0129. The project has already received substantial support, surpassing $8.4 million in funding.
The end of Stage 19 for #BitcoinMinetrix is just around the corner, with only 1 day remaining! ⌛️
How has #Bitcoin mining changed or influenced your understanding of #Cryptocurrencies? pic.twitter.com/HFhQb1VKDy
— Bitcoinminetrix (@bitcoinminetrix) January 15, 2024
Bitcoin Minetrix is a decentralized platform for tokenized cloud mining, enabling ordinary individuals to engage in Bitcoin (BTC) mining.
The BTCMTX platform offers access to a stake-to-mine feature for investors who buy into the presale, enabling them to earn passive income.
Exploring Safety and Security with #BitcoinMinetrix! 🔒#BTCMTX ensures fund security with user-owned tradable #Tokens.
Conventional Cloud Mining: Requires cash deposits. pic.twitter.com/LGbwxbJHck
— Bitcoinminetrix (@bitcoinminetrix) January 10, 2024
Get BTCMTX, Join the $30,000 Minedrop Competition
Join the $30,000 minedrop airdrop competition and stand a chance to win a $3,000 reward among the ten lucky winners. Further, you can stake your BTCMTX tokens and get a guaranteed annual percentage yield (APY) of 77%.
Staking BTCMTX also yields non-tradable ERC-20 token credits, which must be burned to acquire BTC cloud mining power.
Choosing #BitcoinMinetrix for mining simplicity! 💡
Embracing worry-free mining with cloud solutions, eliminating the need to worry about selling equipment.
With #BTCMTX overseeing upgrades, users can focus on their $BTC journey without the headaches of outdated hardware. ⛏️ pic.twitter.com/Qtg4kLNCi4
— Bitcoinminetrix (@bitcoinminetrix) January 15, 2024
Bitcoin Minetrix users only require an Ethereum-compatible wallet like MetaMask to purchase and stock BTCMTX tokens, simplifying the process.
Alessandro De Crypto, a crypto analyst and YouTuber with over 12k subscribers, has featured BTCMTX in one of his recent videos explaining how you can buy Bitcoin Minetrix and optimise returns through its staking to mine feature.
https://youtu.be/gjmC2GJqroI
To buy BTCMTX and participate in the presale, simply visit the BTCMTX website, connect your digital wallet to swap your ETH or USDT for BTCMTX tokens, or buy directly using your bank card.
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