{"id":597219,"date":"2024-11-12T11:49:14","date_gmt":"2024-11-12T11:49:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=597219"},"modified":"2024-11-12T11:49:14","modified_gmt":"2024-11-12T11:49:14","slug":"bitcoin-price-eyes-100k-flips-silver-market-cap-after-microstrategy-buys-2-billion-btc-but-traders-flock-to-this-new-ico-for-parabolic-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-eyes-100k-flips-silver-market-cap-after-microstrategy-buys-2-billion-btc-but-traders-flock-to-this-new-ico-for-parabolic-potential","title":{"rendered":"Bitcoin Price Eyes $100K, Flips Silver Market Cap After MicroStrategy Buys $2 Billion BTC, But Traders Flock To This New ICO For Parabolic Potential"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price surged 8% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">to trade at $88,556<\/span><\/a><span style=\"font-weight: 400;\"> as of 04:36 a.m. EST on trading volume that skyrocketed 87% to $146 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin&rsquo;s market capitalization surpassed that of silver to reach $1.74 trillion, making it the world&rsquo;s eighth-largest asset.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; BREAKING &#128680;<\/p>\n<p>BITCOIN HAS FLIPPED SILVER IN MARKET CAP, AND NOW  RANKING AS #8 LARGEST ASSEST IN THE WORLD &#128293;&#128640; <a href=\"https:\/\/t.co\/gI7ijJCt31\">pic.twitter.com\/gI7ijJCt31<\/a><\/p>\n<p>&mdash; TheLordofEntry (@thelordofentry) <a href=\"https:\/\/twitter.com\/thelordofentry\/status\/1856088849450967328?ref_src=twsrc%5Etfw\">November 11, 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;\">The BTC pump comes after Donald Trump&rsquo;s landslide election win last week and news yesterday that MicroStrategy had bought another 27,200 BTC for about $2.03 billion. The firm now holds 279,420 BTC.<\/span><\/p>\n<h2>Bitcoin Price Aims For A Continued Surge<\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price has been on a parabolic rise in November, as the bulls capitalized on the $69,000 support level to push the price further above, 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;\">The 50-day Simple Moving Average (SMA) (white line) is at $76,248, and the 200-day SMA (yellow line) is at $69,272. Moreover, 50 MA is significantly above the 200 MA, creating a &ldquo;Golden Cross&rdquo; around $59,476 which is a strong bullish signal, indicating the Bitcoin price momentum in favor of further upward movement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) is at 82.77, which is in overbought territory (typically above 70 is considered overbought). This high RSI indicates strong bullish momentum, but it also signals that the asset might be reaching an overbought state, meaning it could be vulnerable to a short-term pullback or consolidation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The MACD line (761.72) is far above the signal line (3460.40), confirming strong bullish momentum. The histogram is also positive, reinforcing this trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If this momentum sustains, the bulls are aiming at the next possible target at $100,000.<\/span><\/p>\n<figure id=\"attachment_597220\" aria-describedby=\"caption-attachment-597220\" style=\"width: 1257px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-597220\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal\" width=\"1257\" height=\"412\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29.png 1257w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29-300x98.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29-1024x336.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29-768x252.png 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\"><figcaption id=\"caption-attachment-597220\" class=\"wp-caption-text\"><em>BTCUSD Chart Analysis Source: GeckoTerminal<\/em><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Conversely, if the bears act on the RSI being overextended and overvalued, the price of Bitcoin could drop, with the SMAs at $76,248 and $69,272 acting as the possible support zones.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, investors who are looking for diversification opportunities might consider the newly launched <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Best Wallet (BEST)<\/span><\/a> presale.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128293; The <a href=\"https:\/\/twitter.com\/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BEST<\/a> token presale is officially live! &#128293;<\/p>\n<p>For the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!<\/p>\n<p>Join the presale now and secure your tokens at a discounted price. &#128640;<\/p>\n<p>Download the app! &#128242;&hellip; <a href=\"https:\/\/t.co\/VItxcDHAoE\">pic.twitter.com\/VItxcDHAoE<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1855936977184391282?ref_src=twsrc%5Etfw\">November 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Best Wallet&rsquo;s Upcoming Tokens Feature Raises $2.7M In Six Weeks<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Best Wallet<\/span><\/a><span style=\"font-weight: 400;\">&nbsp;is a top non-custodial Web3 crypto wallet supporting over 50 major chains. It enables users to buy, swap, hold, and sell cryptocurrencies like Bitcoin, Ethereum, and USDT, all while maintaining control over their assets.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Known for challenging traditional wallets like MetaMask, Best Wallet offers innovative features, such as its &ldquo;Upcoming Tokens&rdquo; tool. This feature simplifies participation in token presales while protecting users from scam sites.<\/span><\/p>\n<p>Since launching about six weeks ago, Upcoming Tokens has already raised $2.7 million across all featured presales. This highlights wallet users&rsquo; growing preference for the tool, as they seek to get in early on promising projects swiftly and with minimal hassle.<\/p>\n<p>Best Token itself is also being launched currently via the Upcoming Tokens feature in Best Wallet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">No more missing out on early-stage <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> projects! &#128184;<\/p>\n<p>With Best Wallet&rsquo;s Upcoming Tokens feature, you can easily browse, learn, and buy presale tokens directly from the app! <\/p>\n<p>Download now!  &#128073; <a href=\"https:\/\/t.co\/he5kzra7TY\">https:\/\/t.co\/he5kzra7TY<\/a> <a href=\"https:\/\/t.co\/ZcNZ1b6Up1\">pic.twitter.com\/ZcNZ1b6Up1<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1850145407763873939?ref_src=twsrc%5Etfw\">October 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Since launch, Best Wallet has processed 21,000+ presale transactions, with an 810% user growth and 50% monthly increase. It offers reduced fees, early project access, <\/span><span style=\"font-weight: 400;\">higher staking rewards<\/span><span style=\"font-weight: 400;\">, and the opportunity to earn more through daily airdrop tasks.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Did you know? You can earn <a href=\"https:\/\/twitter.com\/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BEST<\/a> tokens by completing daily airdrop quests! &#128184;&#128184;&#128184;<\/p>\n<p>The more points you stack, the more <a href=\"https:\/\/twitter.com\/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BEST<\/a> you will receive! Get access to exclusive features and reduced fees when the token launches. &#128293;<\/p>\n<p>Remember, daily quests reset everyday at midnight. Don't&hellip; <a href=\"https:\/\/t.co\/APEuMjfNZZ\">pic.twitter.com\/APEuMjfNZZ<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1855203729043026273?ref_src=twsrc%5Etfw\">November 9, 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;\">For the first two weeks, the $BEST Token presale is exclusive to Best Wallet users, allowing them to secure $BEST tokens at a reduced price of $0.0225 right now.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale before a price increase in less than two days, download Best Wallet at <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">the official $BEST Token website here<\/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:\/\/insidebitcoins.com\/news\/first-neiro-on-ethereum-price-prediction-neiro-plunges-10-as-investors-shift-focus-to-this-vote-to-earn-meme-coin-for-its-1164-staking-apy\"><span style=\"font-weight: 400;\">First Neiro On Ethereum Price Prediction: NEIRO Plunges 10% As Traders Shift To This Vote-To-Earn Meme Coin With 1,164% Staking APY<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-strump-super-trump-price-surges-74-and-this-might-be-the-next-crypto-to-explode\"><span style=\"font-weight: 400;\">Is It Too Late To Buy STRUMP? Super Trump Price Surges 74% And This Might Be The Next Crypto To Explode<\/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\">Best Wallet - Manage Your Crypto<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div 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                         \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price surged 8% in the last 24 hours to trade at $88,556 as of 04:36 a.m. EST on trading volume that skyrocketed 87% <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/best-wallet\" title=\"Best Wallet\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":597222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-597219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Eyes $100K, Flips Silver Market 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InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/597219#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/597219#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Gaming.net-26.jpg\",\"datePublished\":\"2024-11-12T11:49:14+00:00\",\"dateModified\":\"2024-11-12T11:49:14+00:00\",\"description\":\"The Bitcoin price surged 8% in the last 24 hours to trade at $88,556 as of 04:36 a.m. EST on trading volume that skyrocketed 87% to $146 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