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The Bitcoin price jumped 4% in the last 24 hours to trade for $67,340 as of 07:23 a.m. EST.
It comes amid hype around the Bitcoin 2024 Conference in Nashville, Tennessee, where several billionaires from different industries are lined up to speak. Republican ticket nominee and former US President Donald Trump is among them, featuring as the headline speaker.
The #Bitcoin 2024 conference starts today in Nashville.
The speakers' lineup is looking insane. 🔥 pic.twitter.com/98qdjaUVbB
— Lark Davis (@TheCryptoLark) July 25, 2024
Trump set $844,600 (13.20 BTC) as the price for a roundtable at Nashville’s Bitcoin Conference in his own private event. Photos with Trump cost $60,000 per person, or $100,000 per couple, as a part of fundraising for his bid to become president.
Absolutely nuts. At the #Bitcoin 2024 conference, Trump is holding a "roundtable" session prior to his remarks. To attend with him, it will cost $844K. If you don't want to do the roundtable, but just want a photo with him, you can pay $100K for a couple or $60K per person. 🤯 pic.twitter.com/4izWXW75sd
— DΛVID 🟢 (@DavidShares) July 19, 2024
Trump has given crypto and Bitcoin a key role in his presidential campaign ahead of the November elections. This started with his move to accept crypto donations to facilitate his campaign. Reports indicate that the donations have reached over $4 million as of July 26.
Brian Hughes, a Trump campaign aide, emphasized the importance of this new funding stream.
“Crypto innovators and others in the technology sector are under attack from Kamala Harris and the Democrats,” he said. “While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies.”
In a separate development, rival presidential candidate Robert Kennedy Jr., who is running independently, has proposed a $615 billion Bitcoin investment if he wins the November elections.
If he succeeds, he would effectively equate the nation’s Bitcoin reserves with its gold assets. The commitment comes as he aims to make America the world’s largest Bitcoin holder.
Bitcoin Price Prediction
The Bitcoin price is trading with a bullish bias, holding well above the 50% Fibonacci placeholder of $63,558. It comes after a series of higher highs over the past several weeks. The pioneer cryptocurrency has escaped above the Fibonacci Golden Zone when it crossed above the 38.2% Fibonacci level of $65,921.
There are prospects for more gains, with the Relative Strength Index (RSI) well above the mean level of 50. Similarly, the Moving Average Convergence Divergence (MACD) is above its signal line, showing buying pressure exceeds seller momentum. Noteworthy, the RSI is also recording higher highs, showing momentum has been building over the last several days.
If bulls increase their buying strength, the Bitcoin price could extend the climb to tag the 23.6% Fibonacci retracement level of $68,844. A candlestick close above the aforementioned level would encourage more buy orders, potentially sending the pioneer crypto further north.
In a highly bullish case, the gains could extrapolate to the top of the market range at $73,570, levels last tested in mid-March. Overcoming this barrier would allow the pioneer crypto to record a new all-time high.
GeckoTerminal: BTC/USD 1-day chart
Conversely, if traders start booking profits for the gains made, the Bitcoin price could begin to drop. A break and close below the 50% Fibonacci level of $63,558 would increase the odds for further downside. Nevertheless, the bullish thesis can only be invalidated once BTC breaks and closes below $53,547. This lower low would signify a change in market structure.
As Bitcoin begins to play a bigger role in US politics, traders are rushing to buy 99Bitcoins (99BTC), which has just soared past $2.5 million in funds raised.
According to Gossipator, a popular YouTube channel with over 11.6K subscribers, the project offers an ”easy 100X.”
Promising Alternative to Bitcoin
99BTC is the native cryptocurrency for the 99Bitcoins ecosystem, a long-established educational platform that is pioneering a new Learn-to-Earn rewards model.
The groundbreaking project incentivizes learning through a unique mix of gamification and a leaderboard reward system.
Revolutionizing #Learn2Earn! 📘
🎓 Why It’s the Future:
With the $99BTC Token, you can earn rewards simply by expanding your #Cryptocurrency knowledge.
The Numbers: 🔢
– 79 hours of Courses
– 709K Followers
– 2.85M SubscribersTake a look: https://t.co/NXD7DAamqr#Bitcoin pic.twitter.com/rtBrEJjaZA
— 99Bitcoins (@99BitcoinsHQ) May 5, 2024
This ensures users feel like their learning is bearing tangible and, therefore, spendable benefits. You earn crypto while learning about crypto.
🔥 Our #Presale is nearly over! 🔥
Secure your $99BTC tokens now before the final price increase! 👀
The presale ends on the 6th of August at 2 PM UTC. Don’t miss out! 🗓️ #99Bitcoins #BTC #Crypto pic.twitter.com/ggU70617jT
— 99Bitcoins (@99BitcoinsHQ) July 23, 2024
Investors can also earn passively through the project’s staking model, which offers an eye popping 681% annual percentage yield (APY). Staking is an opportunity to grow your income passively, while you HODL your tokens and wait for launch.
99BTC tokens are priced at $0.00115. A price hike is coming in less than 4 days and the presale will end on August 6, so buy now for the best price before it’s too late.
Visit and buy 99Bitcoins here.
Also Read:
- 99Bitcoins Price Prediction – $99BTC Profit Potential in 2024
- 99Bitcoins Launches New Learn-to-Earn Airdrop Presale – TodayTrader Video Review
- Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!
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