Bitcoin Price Surpasses $63K
Bitcoin is on the rise again. In the past 24 hours, its price has increased by almost 3%, taking the price of Bitcoin to $63,363 at the time of writing. Trading volume has increased by 15% to $45.6 billion.
Along with Bitcoin’s rise, the broader market also rose. The rally was about 2% after the FOMC announced a 50 basis point interest rate cut. This is the first in more than four years.
Some altcoins and memecoins are also following Bitcoin’s rise, and traders are rushing to take part in the Crypto All-Stars presale. $STARS has been highlighted as one of the hottest cryptocurrencies of the moment.
Bitcoin Price Surges After Interest Rate Cut Announcement
Bitcoin price has been on an uptrend this September. BTC’s resistance is around $60,700. This has allowed the price of the largest cryptocurrency on the market to form a complete cup and handle pattern.
With the interest rate cut announcement, Bitcoin price has finally broken through resistance and experts believe that the crypto is poised for a continued uptrend. This is mainly because it is trading above the 50-day and 200-day Simple Moving Averages (SMAs).
BTC’s Relative Strength Index (RSI) is rising. It is now heading towards the overbought region of 70. This means that Bitcoin is under intense selling pressure at the moment.
Another important indicator is the Moving Average Convergence Divergence (MACD). This indicator also shows that the price of Bitcoin is in a sustained bullish momentum. For now, it is breaking above the neutral line.
Bitcoin indicators such as RSI and MACD show that its price is on a positive trajectory and if this trend continues, Bitcoin price could rise even further.
Price outlook
The bulls want the Bitcoin price to reach $66,000 again. But if the bears take control of the price at this level, BTC could plunge. If the Bitcoin price turns low again, it could return to the $58,500 support zone.
This shows that the market is not without risks. Not even the world’s largest cryptocurrency escapes volatility. That’s why investors should always diversify their investments.
Traders are currently buying into the new memecoin Crypto All-Stars (STARS). The new project has already raised over $1.4 million in its presale, promising a huge APY for early backers.
Traders Rush to Crypto All-Stars Presale Offering Huge APY
Crypto All-Stars is a new presale that has shown great promise. This is because the project promises to innovate in the memecoin staking sector, with an exclusive MemeVault and a large APY.
This revolutionary new platform will allow major memecoins to be staked in one place through its unique MemeVault protocol. This means memecoin holders will be able to stake Crypto All-Stars and earn passive income in $STARS.
Access to multiple memecoins
So far, Crypto All-Stars has included the major memecoins on its platform, but the future could bring many more options. The memecoins to stake now are Pepe, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. New tokens will likely be added to MemeVault soon.
In addition to being able to stake the biggest memecoins on the market, investors will be able to stake Crypto All-Stars’ native $STARS token and earn an impressive annual percentage yield (APY) of 1,068%. This percentage is variable and may decrease as more tokens are added to the staking pool.
Interested investors can purchase $STARS tokens at this time for $0.0014535. $STARS tokens can be purchased on the project’s official website using BNB, USDT or a bank card.
The next price increase is expected to occur in less than three days, so anyone interested should act quickly to buy memecoin at the lowest available price and thus obtain the best profits.
According to ClayBro, a popular crypto analyst on YouTube, the $STARS token has the potential to surge 10x after its launch. This is because the Crypto All-Stars presale continues to attract investors. It has already raised over $1.4 million in seed funding.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.