{"id":577589,"date":"2024-09-17T14:28:30","date_gmt":"2024-09-17T14:28:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=577589"},"modified":"2024-09-17T14:28:30","modified_gmt":"2024-09-17T14:28:30","slug":"bitcoin-price-prediction-as-microstrategy-raises-700-million-and-elizabeth-warren-calls-for-bumper-fed-rate-cut","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-microstrategy-raises-700-million-and-elizabeth-warren-calls-for-bumper-fed-rate-cut","title":{"rendered":"Bitcoin Price Prediction As MicroStrategy Raises $700 Million And Elizabeth Warren Calls For Bumper Fed Rate Cut"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price climbed 1% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">to trade at $58,651<\/span><\/a><span style=\"font-weight: 400;\"> as of 04:14 a.m. EST on trading volume that surged 4% to $28 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after MicroStrategy announced its third debt offering of 2024, aiming to raise $700 million by issuing convertible senior notes due in 2028. The proceeds will be used to pay off $500 million in existing senior secured notes, while the remaining funds can be used to buy more BTC.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy Announces Proposed Private Offering of $700M of Convertible Senior Notes <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/OCq7wj2u0P\">https:\/\/t.co\/OCq7wj2u0P<\/a><\/p>\n<p>&mdash; Michael Saylor&#9889;&#65039; (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1835773231262744857?ref_src=twsrc%5Etfw\">September 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, Senator Elizabeth Warren is calling for a steep 0.75% interest cut by the Federal Reserve this week. Three other Democratic senators also urged Fed chair Jerome Powell and fellow policymakers to make aggressive rate cuts to protect the US economy.<\/span><\/p>\n<h2>Bitcoin Price To Continue Rebounding<\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price was in a sustained bullish stance from September 7 to September 13, soaring to the 60,000 resistance zone, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though the bears may have gained some control, the support of around $58,000 offered the bulls a cushion and staging a rebound.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The push above drove the price of Bitcoin above the 50-day Simple Moving Average (SMA), affirming the bullish stance. The 200-day SMA now acts as a resistance that the bulls aim to overcome to push the price up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Relative Strength Index (RSI) also seems to be rebounding from below the neutral zone to currently trade at 50, which shows that the bulls are currently buying.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the bullish trend continues, BTC could continue soaring as the bulls target $64,000.<\/span><\/p>\n<figure id=\"attachment_577594\" aria-describedby=\"caption-attachment-577594\" style=\"width: 1255px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-577594\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-17_11-14-59-1.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-17_11-14-59-1.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-17_11-14-59-1-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-17_11-14-59-1-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-17_11-14-59-1-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-577594\" class=\"wp-caption-text\">BTCUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Conversely, if the bears take charge, the Bitcoin price could correct under the current support level, with the next support at $56,000 offering a cushion against downward pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even amid bullish sentiment around the Bitcoin price, investors are piling into the new meme token <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Crypto All-Stars (STARS)<\/span><\/a><span style=\"font-weight: 400;\">, which has amassed over $1.3 million in its presale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">99Bitcoins, a crypto channel on YouTube with over $706K subscribers, says $STARS has the potential to soar 100X after its launch.<\/span><\/p>\n<p><iframe title=\"THIS MEME COIN PROJECT WILL 100X (PLUS EARN 5000% AP!!!) PRESALE GEM CRYPTO ALLSTARS\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/rQdGbjB5jSU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Crypto All-Stars Presale Secures Over $1.3 Million<\/h2>\n<p><span style=\"font-weight: 400;\">Crypto All-Stars is off to a roaring start in its presale after raising over $1.3 million in slightly more than a month after its launch.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The new project offers meme coins a new utility: passive income generation via unified staking.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Why Is Everyone Excited?<\/p>\n<p>In its initial presale phase, Crypto All-Stars raised over $350k! &#128176;<\/p>\n<p>This early success shows that investors see BIG potential here. &#128640;<\/p>\n<p>Could this be the next <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>? &#128064;<\/p>\n<p>&mdash; web3telepath (@web3telepath) <a href=\"https:\/\/twitter.com\/web3telepath\/status\/1824051738833260654?ref_src=twsrc%5Etfw\">August 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Crypto All-Stars introduces an industry-first capability via its MemeVault protocol, which enables holders of top meme coins like Dogecoin ($DOGE) and Pepe ($PEPE) to stake them together and earn a single reward &ndash; the native $STARS token. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto All-Stars also enables staking of meme coins that include Shiba Inu, Floki, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk, with plans to add more meme coins in the coming months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors can also earn passively through<\/span> <span style=\"font-weight: 400;\">the project&rsquo;s native staking mechanism<\/span><span style=\"font-weight: 400;\">, which offers a staggering 1,133% annual percentage yield (APY).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can buy the token now for $0.001447. But the price will increase in less than 2 days, so act fast to lock in the best deal.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Purchase $STARS from its official website here using BNB, USDT, or a bank card<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-ai-crypto-coin-projects-top-picks-2023-juliana-clarisse-calsona-d67oe\/\"><span style=\"font-weight: 400;\">&#128640;&#129302; Best AI Crypto Coin Projects: Top Picks for 2023 &#129297;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-metaverse-crypto-projects-top-picks-nft-virtual-world-calsona-r6the\/\"><span style=\"font-weight: 400;\">&#128640;&#127760; Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts &#127918;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/credit-card\/\"><span style=\"font-weight: 400;\">How to Buy Bitcoin with Credit Card<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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