BTC Breaks Seto to Break All-Time High at $60,000 as Minetrix Hits $10 Million

Bitcoin has had a crazy surge over the past few days, jumping from the low $40,000s to over $52K. This was the highest point for BTC in more than 2 years, since December 2021.

Bitcoin has been on the rise since the beginning of February, recording more than 20% gains in that time frame. The main catalyst for this bull run is the flow of institutional funds through the spot Bitcoin ETFs.

However, BTC was not the only project to see a large influx of funding in February – the new mining derivative, Bitcoin Minetrix ($BTCMTX), has broken the $10,000,000 milestone in its ongoing presale!

These positive gains have investors wondering if Bitcoin could break its previous $69,044 ATH in the coming weeks.

Let’s see what experts had to say…

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Leading Crypto Firm Predicts New BTC High Before April

Bitcoin’s high of $69,044 was out of reach for a while, especially during 2022’s bear market, when it fell below $17,000.

Still, the current market trends indicate a possible shift, with Bitcoin possibly surpassing its previous high soon.

QCP Capital, a well-known crypto-asset trading firm, has made a bullish prediction, predicting that Bitcoin is poised to scale new heights and possibly surpass its all-time high before the end of March 2024.

A significant factor contributing to this renewed optimism is the excitement surrounding spot Bitcoin ETFs. This is expected to inject a new influx of institutional and retail investment into the Bitcoin market, thereby driving its value to unprecedented levels.

However, with Bitcoin’s price already quite high, many investors are investigating alternatives such as Bitcoin Minetrix, which can provide greater returns due to the low prices and similar potential to the original BTC.

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Better option than Bitcoin itself? Bitcoin Minetrix Nears $11M Milestone

As we said, Minetrix is ​​getting a lot of attention due to Bitcoin’s recent surge past $50,000.

Bitcoin Minetrix offers a new approach to Bitcoin mining through a tokenized cloud mining platform.

This initiative aims to democratize Bitcoin mining, allowing everyday crypto-enthusiasts to earn Bitcoin without the complexities and risks associated with traditional third-party mining services.

The core of Bitcoin Minetrix’s offering is the “Stake-to-Earn” model. By purchasing and staking BTCMTX tokens, users can acquire credits which are then used to secure Bitcoin mining power.

This innovative system bypasses the need for external mining companies, and provides a simpler and potentially safer way to participate in Bitcoin mining.

With the impending Bitcoin halving event, which will further reduce the supply rate and increase mining difficulties, Bitcoin Minetrix is ​​ready to provide a timely solution to those who want to take advantage of bullish trends in the crypto market.

The success of the presale, with more than $10.8 million raised from retail investors so far and the token price currently at $0.0135, underscores the growing interest in alternative ways to engage with Bitcoin’s ecosystem.

The development team’s plans to list BTCMTX on well-known exchanges are eagerly anticipated by the Bitcoin Minetrix Telegram community, which sees these listings as a pivotal moment for the token’s value.

Many crypto influencers, such as Jacob Crypto buried and Michael Wrubelshared with their audiences that if Minetrix manages to deliver on its promises, it could easily do at least 10X.

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Halving will skyrocket BTC and the Bitcoin Minetrix

Bitcoin halving is an important event that has historically acted as a catalyst for bullish market trends, not only for Bitcoin itself, but also for its derivatives, Bitcoin Minetrix included.

The core concept here is that the halving event, which reduces the reward for mining new Bitcoin, tends to lead to a perceived scarcity and consequently an increase in Bitcoin’s value.

The upcoming Bitcoin halving is eagerly anticipated in the cryptocurrency community, many of whom are predicting a repeat of past market booms.

The logic behind this expectation is simple: as the mining reward decreases and Bitcoin becomes scarcer, its value is likely to increase.

This increase in value can greatly improve the attractiveness and profitability of using BTCMTX for cloud mining.

This makes the upcoming halving not only a milestone for Bitcoin, but also a pivotal moment for BTCMTX players.

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The conclusion

Bitcoin’s recent surge past $50,000 and its target for new ATHs highlight a bullish trend in the market.

This boom is fueled by the release of spot Bitcoin ETFs and institutional investments. QPC, a crypto trading firm, also supports the view that BTC will break its ATH in its latest price forecast.

All of this puts Bitcoin Minetrix right in the sweet spot. The halving event, BTC’s bull rally, and the support of influencers everything points to a very bright future for Minetrix.

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