Bitcoin’s previous attempt to extend gains above $53,000 ended with an immediate rejection to lows of $50,600. However, after a weekly candle close above the $51,000 level, the benchmark cryptocurrency has swiftly retested the supply zone.
Meanwhile, new project Bitcoin Dogs is attracting massive attention as its presale hits $4.7 million.
Over $110 million in 24 liquidations as Bitcoin spikes past $53k
Over 110 shorts have liquidated in the past 24 hours, including more than $54 million for BTC and $38 million for ETH.
This comes as Bitcoin price jumped past the $53,000 mark and Ethereum also rose amid a flip in crypto prices early Monday. According to data from Coinglass, a total of 59,919 traders have been liquidated in the past 24 hours. The total liquidations stood at $175 million as of writing.
Elsewhere, BTC price rose as MicroStrategy announced it had purchased an additional 3,000 BTC for $115 million, bringing the company’s total holdings to 193,000 bitcoins acquired for $6.09 billion. The spike above $53,400 means the business intelligence company’s latest BTC acquisition is already in profit after it announced the average purchase price per BTC as $51,813.
Amid today’s Bitcoin price surge was an increased demand for spot Bitcoin ETFs. Having already seen billions of dollars in inflows since their approval in January, market data showed further traction on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) continued to lead the charge.
Elsewhere, senior ETF analyst Eric Balchunas pointed to a struggle for gold, saying the precious metal’s “pain is Bitcoin ETFs’ gain”. He sees continued rot for gold as likely ending up with Bitcoin ETFs surpassing gold ETFs in assets under management (AUM) within 2 years.
In the crypto market, Bitcoin’s price surge has seen altcoins rise. Ethereum has broken above $3,000 again, while Stacks and Flare have recorded 15% and 33% spikes in the past 24 hours.
Amid this bullish flip, is Bitcoin Dogs the new project investors may want to check out?
Bitcoin Dogs: Explore the future of NFTs and GameFi on Bitcoin
With Bitcoin taking on the bears again, the market attention is bound to shift to what other opportunities lie within the broader market.
Bitcoin Dogs, whose presale is the biggest thing today in the ICO market, looks to be just that kind of project. Not only is this the world’s first-ever ICO on Bitcoin, its upcoming launch is set to herald the new era in Bitcoin NFTs and gaming.
This dog-themed project isn’t the typical meme coin- it packs serious tokenomics, a clear roadmap and value proposition for its community.
The Bitcoin Dogs metaverse dubbed Dogaverse is where the fun – and earning – resides. Here users will dive into a Tamagotchi-inspired world to showcase their love for man’s best friend. It’s where the digital puppy gets fed, trained and when ready, raced to give the owner a chance to earn 0DOG.
Meanwhile, the 10k Ordinals NFT Club is the 0DOG holder’s opportunity to be part of a Bitcoin NFT ecosystem. Find more here.
Bitcoin bull market and Bitcoin Dogs performance
As Bitcoin gets into gear for a parabolic show, the Bitcoin Dogs platform that leverages its security and reliability is poised to go vertical.
The 0DOG token that has been in presale for less than two weeks, has already seen early adopters show confidence with over $4.7 million raised. In the next three weeks, Bitcoin Dogs will be closing its presale at stage 10, with price having moved from $0.015 to $0.0404.
Notable that Bitcoin Dogs’ tokenomics outlines a capped supply of 900 million 0DOG tokens. The ICO sale offers 810 million, or 90% of the 0DOG supply.
Currently, a low entry point of just $0.0251 is open for grabs. In the next two days, that price jumps to $0.0281 and as programmed, will go up every 72 hours. If the current price level looks good for your projections, a look at the 0DOG presale page might turn out to be a bet in just a few days.
