Bitcoin was up nearly 5% in the last 24 hours after rebounding from the $61K support level. At the time of writing, BTC traded just below $65,000. This was right after BTC briefly fell below the $60K amid tensions between Israel and Iran.
The current sentiment around Bitcoin has been divided over the past few weeks in anticipation of its halving event. Some feel its price could see major corrections before recovering, while others speculate it could see an immediate 10x rally.
Meanwhile, many traders are now bullish on the 99Bitcoins Token ICO, which saw huge investor traction after raising over $500K in just a few days of launch.
Bitcoin Rebounds From $61K Support Level
Bitcoin is set to undergo its fourth halving in just a few hours. As a result, this has spurred many speculations about how its price might react, at least in the short term.
BTC’s performance over the past week showed a rather bearish edge. TradingView Data points out how Bitcoin was down by nearly 10% over the last week.
However, the recent rebound from the $61K support level was enough to reignite the bullish pressure over the past day.
Michaël van de Poppe, a popular crypto analyst, tweeted how there’s a high chance for Bitcoin to bounce from this support area. He also reaffirmed how things look great for Bitcoin in another Tweet.
Bitcoin also saw a nearly 15% rise in daily volume alongside its 24-hour 5% gain, showing a relatively healthy gain.
As a result, the Bitcoin Fear & Greed Index suggested a bullish edge as it depicted ‘greed’ after jumping by nearly 10 points in a day.
The recent halving has reduced mining rewards, which many thought would increase selling pressure as miners would sell their Bitcoin. However, miners are reportedly holding on to their BTC and not selling.
In fact, Pomp Investments founder Anthony Pompliano, in a recent CNBC interview, said that investors should ‘Ignore the noise of short-term price movements.’
Investor expectations post-halving are quite mixed for the short term. Nonetheless, historical data after the halving events suggests a huge upside for BTC in the long term.
As Bitcoin turns bullish, a new learn-to-earn token that has been trending off late is the 99Bitcoins Token. It reached a milestone in its presale after raising over $500K in less than 10 days of launch.
Trending 99Bitcoins Token Raises $500K
99Bitcoins is a well-known platform that simplifies crypto and blockchain for beginners. It is a popular platform with over 700,000 YouTube subscribers. Over 2 million people have signed up for its crypto courses.
The platform has recently launched a presale for its native 99Bitcoins Token ($99BTC). Early buyers can buy $99BTC for only $0.00101 at press time. However, this price will rise to $0.00113 by the end of the presale.
The platform has seen massive investor traction since its launch. It raised over $500K in under 10 days of its official launch.
The 99Bitcoins Token offers a new ‘learn-to-earn’ model to its users. In this model, users can participate in interactive learning modules, quizzes, and community activities to earn $99BTC tokens as rewards. You can use these tokens to access special content, trading signals, and other exclusive benefits.
The platform also plans to bridge its tokens to the BRC-20 ecosystem on Bitcoin’s blockchain. This will further open up new possibilities for the token and make it more secure.
At the time of writing, early buyers also have the option to stake their $99BTC tokens before the presale ends. The platform currently offers an over 3,900% APY, but this rate will fall as more people enter the staking pool.
There’s a lot of excitement in the crypto space right now, especially as the Bitcoin halving occurs. As a result, new people would want to learn more about how halving works and use the platform’s educational resources.
You can follow 99Bitcoins on X (Twitter) and enter its Telegram channel to get the latest news.
