DeFi News Daily Official TheBitTimes.com

The Bitcoin price slipped 3% in the last 24 hours to trade at $89,038.82 as of 9:56 p.m. EST as investors decrease their exposure to the crypto. The BTC price dropped below the $90K mark for the first time since Nov. 14, 2024, to reach a low of $87,629 during yesterday’s trading session. Bitcoin Price Reclaims A Support Level 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price was able to reclaim the support at $88,444.73 in the last couple of hours. Now, the leading crypto has the room needed to potentially rise to the major resistance at $90,884.93 if the bullish pressure persists. In an extreme case, BTC might even rise to as high as $93,904.24 in the short term. On the other hand, a sudden selloff could result in a drop below the aforementioned $88,444.73 mark. A drop below this recently-flipped level might expose the Bitcoin price to the risk of plunging all the way down to $85,971.15. Technicals Suggest Bulls Are Trying To Take Control Of The Bitcoin P...

Recent news suggests that Bitcoin could soon see a significant price increase, potentially leading to huge gains for investors. However, it’s not just Bitcoin itself that stands to benefit from this potential rise—tokens like BTCBULL, which are tied to Bitcoin’s price movements, may experience even more significant rallies. As Bitcoin gains value, smaller assets like BTC Bull Token could see exponential returns, making them an attractive investment. Bitcoin’s Price Surge on the Horizon Leading brokerage firm Bernstein has made a bold prediction: the U.S. Federal Reserve might issue debt or sell part of its gold reserves to purchase Bitcoin. This speculation, outlined in a report to their clients, suggests that the U.S. could be gearing up to create a national Strategic Bitcoin Reserve (SBR). If this initiative becomes a reality, Bernstein believes that other nations could follow suit, acquiring Bitcoin as part of their reserve assets. The creation of a nat...

BTC Bull Token is making headlines as this new meme coin raised over $1 million in just 24 hours, demonstrating far more potential than many anticipate. While it may not yet deliver 100,000x returns overnight, its strong correlation with Bitcoin’s price movement makes it a highly attractive investment. As Bitcoin approaches record levels, BTC Bull Token is drawing increased interest, and early investors may reap notable gains. Bitcoin’s Influence on BTC Bull Token’s Future Performance BTC Bull Token’s initial performance has been nothing short of remarkable. In just three days, the project has recorded an impressive $1.4 million in transaction volume. With an average daily inflow of over $400,000, BTCBULL is proving that it is not just another short-lived hype token. This strong financial momentum is mirrored by its rapid social media growth, gaining over 1,000 followers per day on X. The combination of rising transaction volume and expanding community supp...