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There is so much to look forward to this year—a potential bull market. The anticipation of a bull market reached a frenzy following the SEC decision on Bitcoin ETFs, which saw everyday investors and institutions investing in BTC ETFs.
Riding this wave is Bitcoin (BTC), which recently climbed above $51,500—a level last seen in December 2021—amid the rise in investor sentiment post BTC ETF. Investors couldn’t be more bullish. However, the crypto market is fond of curve balls, with analysts speculating about a rise above this level or a rejection.
Meanwhile, InQubeta (QUBE), one of the most promising new ICOs, is nearing $9.5 million in early funding after an impressive run earlier this week. Buzzing with potential, it has been hailed by analysts as the best new crypto to invest in.
InQubeta (QUBE): More Than $9.6 Million Raised In Ongoing Presale
InQubeta (QUBE) has become a favorite among investors seeking mouthwatering gains. The top ICO recently soared past $9.6 million following a surge in demand, suggesting confidence in its potential and growth.
As a blend of AI and crypto, it aims to reshape the fast-rising AI sector. It will build the first crypto-based crowdfunding platform for AI startups. They will be able to raise capital by minting investment opportunities on the marketplace, which will be represented as equity-based NFTs, and offering them to investors.
Of equal importance, its fractional investment model will enable investors to own stakes in promising AI ventures regardless of their income. This further makes it appealing and will drive more participants into the fast-growing AI market, meaning impending adoption.
The presale is in stage 7, and a token costs only $0.0224. According to analysts, there will be a 65x rally after its launch, positioning it as one of the best cryptos to buy now. You can click the link below to become an early adopter.
Bitcoin (BTC): Further Upside or a Rejection at $50,000?
Bitcoin (BTC) is not just the first cryptocurrency; it is the most dominant. Since its launch in 2009—recently celebrating its 15th birthday—it has experienced steady but explosive growth. By introducing decentralization, among other features, it seeks to reshape traditional finance, and so far, significant strides have been made.
After a decade-long wait, the SEC—Wall Street’s top guy—finally gave its green light to spot Bitcoin ETFs, albeit reluctantly. Despite the approval of 11 spot Bitcoin ETFs, the regulatory body has yet to recognize Bitcoin’s legitimacy. However, most don’t care, as innovations are often feared and resisted in their infancy.
Following the SEC’s green light and the Bitcoin ETF market effects, BTC has been on a roll. It recently galloped past $50,000—a level last seen in December 2021. Nevertheless, it doesn’t have a strong foothold at this level, with the possibility of price rejection or a continuous rally.
The coming days will play a crucial role in Bitcoin’s next movement. However, there is no denying the optimism and excitement in the crypto market. After a 2-year bear market, a bull market is deserved. So, add your favorite crypto to your portfolio and HODL!
Conclusion
The price of Bitcoin rose above $50,000 earlier this week, a level last seen in December 2021. Considering the volatility and unpredictability of the crypto market, the coming days will determine if the bulls will continue with the charge or if the bears will reject this level. Meanwhile, InQubeta, a new ICO, is set to skyrocket after its launch. You can participate in the ICO via the link below.
Visit InQubeta Presale
Join The InQubeta Communities
Source: https://finbold.com/bitcoin-btc-climbs-above-50k-for-the-first-time-since-december-2021-will-investors-buy-more-at-this-level-or-sell-inqubeta-qube-hits-9-6m-in-presale/