Crypto Blog
The crypto market has seen a resurgence of interest in Bitcoin forks, with Bitcoin Cash and Bitcoin SV experiencing price pumps in the past 24 hours. Meanwhile, the revolutionary mining platform Bitcoin Minetrix has passed the $12.
8 million mark in its ICO – and is preparing for exchange listings shortly.Bitcoin Cash has been one of the standout performers in the crypto market over the past 24 hours, with its priceBCH’s rally comes on the heels of the coin’s latest halving event, which occurred yesterday. This pre-programmed supply cut slashed the reward for miners from 6.25 BCH to 3.125 BCH per block validated. Historically, these halvings have preceded major bull runs for Bitcoin – and the same could be happening for Bitcoin Cash.These surging derivatives volumes indicate rising retail interest in trading BCH around its halving event.Another Bitcoin offshoot is also performing well – Bitcoin SV.After rejecting support at around $68 in late March, the token has been steadily grinding higher over the past few weeks. Its latest leap appears to have created a higher low on the daily chart – a development that often precedes further upside. Unlike Bitcoin Cash’s clear catalyst with its halving event, the drivers behind BSV’s rally are more unclear. Some traders theorize it could simply be rising interest in Bitcoin forks that’s lifting BSV’s price. The stellar performance of Bitcoin Cash may be stoking speculation that Bitcoin SV could follow a similar trajectory. Whatever the reasons, BSV now finds itself approaching a critical psychological resistance level at $100. If buyers can sustain momentum and push through that triple-digit barrier, it could help BSV return to the highs of $125, posted last month.No more dropping huge amounts of cash on mining rigs or paying expensive electricity bills – holding BTCMTX is all that’s required.During its presale phase, Bitcoin Minetrix has already raised over $12.8 million from investors looking to load up at the discounted rate of just $0.0144 per token before exchange listings. This presale traction highlights the growing demand for more accessible, decentralized ways to gain exposure to Bitcoin. Especially with the coin’s next halving looming later this month – an event that has historically prompted bull runs for BTC. All this buzz is building towards Bitcoin Minetrix’s highly-anticipated exchange listing in the coming weeks. : The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.The Most Popular Airdrops to Watch For in 2024Sign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Price Nears ATH as Bitcoin Minetrix ICO Edges Towards $12MCrypto Blog
Read more »
Bitcoin Minetrix Sets New Heights with Cloud Mining Innovation, ICO Surges Past $10 MillionBitcoin Minetrix officially surpassed the $10M presale milestone – here’s why investors believe it’s the next 100x token
Read more »
Can Bitcoin Hit $80k This Month as Bitcoin Minetrix Nears IEOCrypto Blog
Read more »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Read more »
Bitcoin Price Breaches $71K As Bitcoin Minetrix ICO Nears $13M MilestoneCrypto Blog
Read more »
Bitcoin Cash Jumps 27% in a Week as Bitcoin Minetrix Also Gains PaceCrypto Blog
Read more »