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Cryptocurrency News Articles

Bitcoin (BTC) Set For Another Trip Below $60k?

Jul 19, 2024 at 03:21 pm

The long-awaited distribution of BTC from the Mt Gox bankruptcy estate has rattled Bitcoin investors as there is great uncertainty over how much selling pressure will occur as a result.

Bitcoin (BTC) Set For Another Trip Below $60k?

Bitcoin (BTC) investors are on tenterhooks as the bankruptcy estate of the Mt Gox exchange prepares to distribute BTC, sparking fears of selling pressure. Meanwhile, Toncoin (TON) has achieved a significant milestone with the adoption of Tether (USDT) and a new coin is poised to set the markets ablaze in the second half of 2024.

Here’s what you need to know and how to prepare your crypto portfolio for the upcoming market shifts.

Bitcoin Price Action Sets Stage For Another Dip Below $60k?

The long-awaited distribution of Bitcoin (BTC) from the Mt Gox bankruptcy estate has left many investors wondering how much selling pressure will occur as a result. Support looks strong at $63.5k after the last dip so this is a new level for bulls to defend. But with enough tailwind from the US elections, Bitcoin could easily break new all-time highs in the coming months.

Toncoin (TON) Crosses Major Milestone In Stable Coin Adoption

Toncoin (TON) has enjoyed a period of immense growth, recently surpassing $9 billion in volume, largely attributed to the minting of nearly 600,000,000 Tether USDT tokens on the chain.

The popular game Hamster Combat has also been instrumental in attracting new gamers, thanks to the seamless onboarding of Telegram app users with Toncoin.

However, Toncoin’s price has faced challenges recently, dropping nearly 10% over the last month. If Bitcoin takes another hit due to the Mt Gox selling, Toncoin could see another dive to support at $6.50. In the meantime, a new token currently in presale could offer investors better returns than Toncoin.

Is Litecoin (LTC) Heading Lower on Market Fears?

Litecoin (LTC) has been bleeding against Bitcoin (BTC) for the last 3 months and has only been down since reaching the yearly highs above $105. Litecoin support looks likely to hold in the low $60 levels but Litecoin bulls will be nervously watching the BTC price to see if the market is rattled by the distribution of Mt Gox coins.

Litecoin investors are warned that newer projects with more bullish momentum and better tech will likely yield better gains in the second half of this bull market. As a result, many Litecoin investors are choosing to sell to capitalize on more promising projects.

Rollblock (RBLK) Smashes Through Fundraising Milestone

Rollblock (RBLK) is introducing something brand new to the crypto space – a community-backed, Web3 native online gambling platform with a revolutionary approach to ensuring fairness and transparency.

There is no need for invasive KYC checks upon signing in, as all that is required is an email address and crypto wallet. Over 20 popular cryptocurrencies are accepted including Bitcoin, Solana and Tether USDT. For a limited time, Rollblock is topping up accounts with hefty deposit bonuses of up to 15% depending on how much is transferred.

There is an incredible range of games to play once logged in, from all the classic games investors would expect to new favorites such as Candy Land and Zeppelin. Leaderboards and competitive community features are also available to create new challenges and enhance gameplay.

Each week the casino will head to the open market with a percentage of its profits and buy RBLK from a decentralized exchange. These coins are split evenly between being burned and allocated to holders who can stake their coins for a welcome passive income. This will support price and reduce overhanging supply.

Rollblock is currently selling at $0.0158 during the third stage of its presale. Early investors have already snapped up over $1.2 million worth of RBLK and adoption is going parabolic. Step up and bag an allocation before the price reaches escape velocity! Experts are predicting moves of up to 100x in 2024.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

Original source:coinpedia

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