The crypto market is truly bouncing back these days, and it is clearly shown by the activity of the investors and the prices of the most popular cryptos on the market. The price of Bitcoin increased by 5% in the last seven days, while the price of Bitcoin Cash increased by 6%.
On the other hand, Bitcoin Minetrix raised more than $1.7 million during its presale, gaining the spot of the most trending crypto on the market now. Here are all the interesting things brewing under the surface!
Bitcoin Minetrix Steals All The Attention
Bitcoin surely stirs a lot of conversations in the crypto circles for many reasons, but one crypto seems poised to leave it in the shadow – Bitcoin Minetrix. It is the crypto created to enable the users to enjoy the stake2mine mechanism to mine Bitcoin in a safe environment.
Unlike traditional mining, which uses the same amount of energy for mining one Bitcoin as all the residents of Argentina use together for a year or what one household uses in nine years, cloud mining is a whole different story. It is energy-friendly, and it doesn’t require buying expensive equipment.
The concept of cloud mining isn’t new because individuals have been trying to find new ways to mine Bitcoin since it showed up on the market. However, these were mostly scams. On the other hand, Bitcoin Minetrix is completely safe, and The approach it uses is innovative because it introduces the stake2mine concept. the audit on its official website proves it.
Staking has become quite popular lately because of the possibility of giving investors a passive income stream, which is always welcome. Its presale has certainly made a huge splash since it managed to raise more than $1.7 million in a very short period of time, showing that it is the project that the market needed all along!
BTCMTX Details Revealed
Bitcoin mining is a booming global industry, steadily expanding as more firms focus solely on BTC mining. The sector will likely grow by $12 billion until 2027 at an 11.35% CAGR, per Infiniti Research Limited. Riot Blockchain, leading in hash power and market capitalization, demonstrates significant growth potential, as do other major players.
In 2022, Riot operated 88,556 mining rigs and held 6,974 BTC tokens, while Marathon Digital Holdings stored 12,232 BTC. However, it seems that mining Bitcoin has always somehow been reserved for a certain group of people, not giving ordinary people a chance to join this closed circle.
Bitcoin Minetrix aims to make mining accessible to the public, leveraging cloud mining and staking for added security and control. Cloud mining through the Bitcoin Minetrix platform does not generate noise or heat and doesn’t require users to invest in hardware or have any technical expertise. This means that it will become accessible to all the users who want to dip their toes into this exciting market.
BTCMTX lies in the heart of this ecosystem, and buying it means accessing all the perks that his platform offers. Staking BTCMTX means the users get cloud mining credits that can later be exchanged for hash power. Cloud mining credits come in the form of ERC-20 tokens, and they are non-transferable, which will keep them uncompromised. Getting BTCMTX tokens during the presale means that the users will get to see the token’s value rise, so get your portion in time!
Reasons Behind BCH and BTC Synchronised Rally Uncovered
Bitcoin Cash (BCH) and Bitcoin (BTC) saw impressive gains in the crypto market on Monday when BCH reached $227.51, and BTC hit a value of over $28,000. The rally was primarily fueled by optimism surrounding the potential approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC). This sentiment was reinforced by the SEC’s decision not to appeal the Grayscale lawsuit.
The prices of these two cryptos initially spiked following a misleading report from Cointelegraph suggesting that the SEC had approved the iShares Bitcoin ETF. This report briefly pushed the price of Bitcoin to rise before retreating.
The explanation of Cointelegraph soon followed, stating that they were grateful for the trust and support and that the social team published a post on X without following the standard procedure, which resulted in posting a piece of false information. They even published the internal conversation with the goal of clarifying the process prior to publishing the post. The apology concluded with the plan to make structural changes with the goal of preventing things like this from repeating in the future.
Market optimism was further reflected in the strong performance of US equities, with the Nasdaq 100 rising by over 1.10% and the S&P 500 and Dow Jones gaining more than 1%. Historically, cryptocurrencies tend to thrive when stocks are on the rise.
However, BCH and BTC face uncertainty as it remains unclear whether the SEC will indeed approve a Bitcoin ETF. Such approval could boost these coins by encouraging companies to pursue their own ETFs. Rising inflation expectations may also prompt the Federal Reserve to maintain a more hawkish stance in the coming months. In the meantime, investors are focusing on trending cryptos, such as Bitcoin Minetrix, after another Bitcoin derivate, BTC20, brought 5x gains at its peak.
The market is changing, and it seems that the conditions are favorable now for investors recognizing the potential of the new cryptos. The prices of BCH and BTC are in the green zone, and the optimism surrounding them is also overflowing to BTCMTX. The fact that this crypto gives everyday users a chance to mine Bitcoin is a golden opportunity, so if you wish to make the most out of this platform, get your tokens before time runs out!