The Bitcoin (BTC) price saw a major surge in the last 24 hours, going beyond $65,000 per coin for the first time since August. The coin reached its highest point when it climbed to $65,800 — about the same height as on August 26, but its price has since corrected slightly to $65,440.
Bitcoin Price Surges Thanks To US Fed And China
According to Andy Baehr of CoinDesk Indices, there have been a lot of positive developments recently that have had a bullish effect on Bitcoin. The rate cuts announced by the US Federal Reserve helped, especially since they were immediately followed by China’s own attempts to boost the economy. Experts predicted that this too will have a strong effect on BTC.
Baehr added that the trend indicator is showing an uptrend for Bitcoin for the first time in a long time. One thing that he pointed out as something different from the norm is the crypto market’s behavior prior to the Bitcoin surge.
Typically, BTC is the first coin to surge and is then followed by the altcoin market. This time, however, the altcoins were outperforming BTC for days before the Fed’s announcement, and only now is Bitcoin catching up as the altcoin market leads the way.
He agreed with the idea that the rate cuts are helping Bitcoin and that they will continue, which could further empower the crypto world’s oldest digital currency.
However, this is a process that will take place over months, and possibly years. Those who are looking for more immediate returns should consider a different asset, such as Mega Dice (DICE), which is only a couple of days away from concluding its presale.
LAST CHANCE TO BUY MEGA DICE BEFORE THE END OF ITS ICO
Last Chance To Buy Mega Dice
Mega Dice is a new cryptocurrency that aspires to become Solana’s #1 GameFi token. The token was created by an established gaming platform of the same name, which has been around for years, offering thousands of games to its users.
While the platform allowed players to use cryptocurrencies while interacting with its games, it did not have its own native token until now. DICE has been in presale for months, which allowed it to raise over $1.9 million, which is a sizable amount for this type of token.
However, its presale is about to end in only two days, and launch on the last day of September. The project announced on X that it will be listed on Solana’s leading DEX, Raydium, on September 30, at 3 pm CET.
That leaves very little time for interested investors to join the project’s ICO and use this last opportunity to buy DICE before it goes live, and sees a major price surge. The experts believe that the surge will happen, partially due to demand, as the Mega Dice platform has over 10,000 monthly active players and over 50,000 registered members.
JOIN THE PRESALE AND BUY DICE WITH SOL, ETH, OR BNB
Another reason why the surge is expected is the currently bullish market discussed previously, which is pushing the entire altcoin market up, in preparation for the next big bull run.
