Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Bitcoin has successfully reclaimed the $100K mark and is now trading around $104K. This sharp move is reportedly driven by easing tariff tensions and potential agreements between countries like the US and China.
Trump took to Truth Social to say that a lot of things were discussed between the two countries and a constructive total reset is in sight.
The POTUS also hinted at the possibility of opening up China to American business. Markets perceived this as a positive development and held the gains made in Bitcoin during the last 14 days.
Read on as we discuss the reasons behind the recent surge in $BTC. We’ll also mention the best altcoins you can buy now to benefit from the upcoming Bitcoin push.
Bitcoin Making Fundamental Gains
Bitcoin has surged around 22% in the last 20 days and is just 4% away from its all-time high. Analysts believe that this gain is not just a speculative and reactive move but a fundamental gain.
The FED has said that it’s ready to cut rates if needed without any inflationary pressure. With easing inflation and a stable economy, a neutral-to-dovish FED is a positive sign for assets like Bitcoin.
- Bitcoin exchange balances are also declining, which means investors are withdrawing the asset to store in cold wallets.
- Funding rates are neutral with no clear bias on either side. This means that the price action is not skewed by speculative bets.
- Open interest, although high, is not frothy. This means that there’s active participation in the Bitcoin derivative market without any speculative bubble.
- High open interest during times of neutral funding rates indicates discipline and conviction-driven participation. This suggests that real capital is being invested in $BTC, leading to massive fundamental gains.
What’s more, the Bitcoin ETF market also remained hot during the last week, with four positive trading days and a net positive inflow of $920M.
Increasing Corporate Adoption
Apart from this, we’re seeing rapid Bitcoin adoption by corporations and governments. Companies like Strategy hold more than 550,000K $BTC, whereas MARA Holdings also has around 47K $BTC.
Recently, Cantor Fitzgerald launched a new investment vehicle company, Twenty One, with the aim of buying around 42K $BTC. Following this, several similar initiatives have been launched.
For example, Strive Asset Management, backed by Vivek Ramaswamy, shared its plan to merge with Asset Entities to form a publicly traded company, BTC Treasury Company. Similarly, BTC INC. CEO David Bailey formed a new Bitcoin investment firm called Nakamoto, raising $300M.
Such a push towards a Bitcoin reserve economy is a huge positive for the underlying asset, i.e., Bitcoin. Plus, it reflects the markets’ belief in Bitcoin as the ‘digital gold.’
If you, too, want to make the most out of this bull run, here are a few new cryptos you can invest in.
1. BTC Bull Token ($BTCBULL) – Best Bitcoin-Inspired Altcoin to Buy Right Now
Although a Bitcoin bull run typically results in a thriving crypto market, where several meme coins see one green day after another, BTC Bull Token ($BTCBULL) stands out as the best Bitcoin-themed altcoin today.
That’s because it’s the ONLY crypto to offer real (and free) $BTC to its token holders. Unlike other cryptos that offer more of their own tokens for free in their airdrops, BTC Bull Token will send out actual $BTC to its owners.
So long as you hold your $BTCBULL tokens in Best Wallet, you’ll automatically receive your share of $BTC every time the ‘digital gold’ reaches a new landmark number, such as $150K, $200K, and $250K.
Furthermore, the developers have reserved a chunky 40% of the total budget for promotional activities. This is another reason why we’ve predicted that $BTCBULL could jump 380% and reach $0.096 by 2026.
BTC Bull Token is currently in presale, where it has raised over $5.5M so far. You can get each token for just $0.002505. Here’s a full explainer on how to buy it.
2. MIND of Pepe ($MIND) – New AI Agent Coin Offering Real-Time Crypto Investment Insights
As mentioned earlier, a Bitcoin rally would result in an overall bullish crypto market. However, even with rising prices across the board, it’d be difficult to identify the next cryptos to explode. Enter MIND of Pepe ($MIND).
$MIND is an autonomous AI agent that’s built to have its finger on the pulse of the dynamic meme coin market in order to identify the best cryptos to invest in in real time.
Essentially, this AI agent will interact with the crypto community on online platforms like X and record their crypto-related opinions.
After tracking social trends and market sentiments, MIND of Pepe will use its hive-mind analysis to dish out real-time crypto investment advice to its token holders.
Additionally, $MIND token holders will get early-bird access to the cryptos created by the AI agent.
These tokens would be inspired by prevalent social trends and hype. Plus, they’ll also benefit from $MIND’s growing popularity in the crypto space.
Buy $MIND today and become an early investor in the best AI agent coin. Each token is currently available for only $0.0037515, and the project has in total raised $9M.
3. Moonpig ($MOONPIG) – Trending Meme Coin Currently in Its Early Stages
Moonpig is a new low cap coin that has been dominating the top gainers list for the last few days.
The token launched on the Solana blockchain on May 6 and has already posted gains of over 650%.
$MOONPIG is currently trading at $0.03390, having risen by more than 40% in the last 24 hours alone.
It’s worth noting that $MOONPIG has no inherent value and only thrives on community engagement and virality. This is similar to coins like $MOODENG and $BROCCOLI, two of the greatest meme coin stories in recent times.
Given that $MOONPIG is fresh off the oven, there’s a high chance it could rally even more, which makes it one of the best cheap cryptos to buy now.
DYOR Before Buying the Best Altcoins
Finally, it’s worth mentioning that even though a Bitcoin bull run looks imminent, this market is infamous for its volatility, meaning outlooks could change at any time.
We recommend that our readers exercise caution and only invest an amount that’s small enough for them.
Also, kindly do your own research before investing. Our articles, including this one, are not supposed to be financial advice.
Credit: Source link
