The Bitcoin price surged 4% over the past 24 hours to trade at $46,291.18 as of 2:45 a.m. EST.
Bitcoin Price Surges As BlackRock And Fidelity Make ETF History
BlackRock and Fidelity’s spot Bitcoin ETFs raised more assets in their first month of trading than any other ETF launched in the U.S. in the last 30 years.
The Bitcoin Price Forms A Bullish Channel
The Bitcoin price managed to break above the consolidation channel between $42,450 and $44,430 over the past couple of days.
Following its escape from this sideways range, the leading crypto has printed a series of higher highs and higher lows. This resulted in the formation of a short-term bullish channel on the daily chart.
Technicals Suggest The Bitcoin Price Will Keep Rising
Technical indicators on BTC’s daily chart suggest BTC may continue climbing in the next 48 hours.
The Moving Average Convergence Divergence (MACD) shows that the market leader is currently in a bullish cycle that shows no signs of slowing down.
The Upgrade Bitcoin Cloud Mining Needs
Bitcoin Minetrix is a decentralized cloud mining platform that seeks to address the current flaws of the Bitcoin cloud mining sector.
Scammers have infested the space, tricking members of the crypto community into giving up money in exchange for fake cloud mining power.
Simplifying Cloud Mining For Everyone
With Bitcoin Minetrix’s innovative stake-to-earn model, investors can start earning in BTC by simply staking an ERC-20 token.
Once purchased, the BTCMTX tokens will need to be staked in exchange for gas reward tokens.
A Potential 10X Opportunity
It will soon be harder to come by new Bitcoin as the historic halving event is scheduled to take place in April.
Investors will rush to find opportunities that let them grow their Bitcoin holdings beyond just speculative trading. This could send the price of BTCMTX skyrocketing.
Hot Take: The Promising Future For Bitcoin and Bitcoin Minetrix
The Bitcoin price surge and the success of BlackRock and Fidelity’s spot Bitcoin ETFs were met with anticipation and optimism.
As the market leader continues to show bullish behavior, and as a decentralized cloud mining platform, Bitcoin Minetrix’s innovative approach is capturing the attention of investors, indicating a promising future in the crypto industry.
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