Bitcoin Price Tops $70K Again – Will it Rally This June as New 99BTC Presale Approaches $2M
Bitcoin (BTC) is finally showing signs of life again.
After experiencing muted price action for a couple of weeks, the OG crypto has rebounded in the past three days, closing back above $70,000.
That bullish price action has investors wondering what could be in store for the rest of June.
But while everyone analyzes Bitcoin’s next move, another presale crypto is impressing investors – 99Bitcoins Token (99BTC).
Bitcoin Back Above $70K as Risk-On Sentiment Returns
Bitcoin’s surge above $70,000 is providing a much-needed boost to the crypto market.
Over the past few days, Bitcoin has steadily reclaimed ground and is currently sitting around $71,165 after a 5% rally since Monday.
From last Friday’s local low near $66,600, the coin has rallied 7%, approaching the local high of $71,970 set on May 21.
This move has been accompanied by a 23% spike in spot trading volumes to $36.9 billion.
But Bitcoin isn’t the only crypto catching a bullish tailwind this week.
Pretty much every coin in the top 20 by market cap is in the green over the past few days.
Ethereum (ETH) has jumped to $3,810, while Solana (SOL) and Dogecoin (DOGE) have posted strong single-digit percentage gains.
So, after a short period of low volatility, the risk-on sentiment seems to be back again.
Will Bitcoin’s Rally Last Through June?
With Bitcoin now trading above $71,000, the key question is whether the rally has legs to carry through June.
A clean break of resistance near $72,000 could pave the way for another sharp surge.
On-chain data backs this prediction up, with long-term holders accumulating and exchange reserves drying up – classic signs of the “HODL” mindset that has been part of previous bull runs.
In addition, the seven-year breakout that Bitcoin is showing against the US M1 money supply suggests we could be on the verge of a volatility “supercycle.”
However, macroeconomic readings are still a threat.
This Friday’s jobs report (and its potential impact on Fed policy) looms large.
Any overheating inflation numbers could take the wind out of the rallies currently being seen in the crypto and equities markets.
Taking everything into account, this week could be vital in dictating Bitcoin’s direction for the remainder of June.
A close above $72,000, combined with some optimistic inflation data, could set the stage for a bullish few weeks.
99Bitcoins Token Raises $1.9M in Presale as Hype Ramps Up
While Bitcoin’s rebound has traders watching to see if the rally can be sustained, another project is generating buzz – 99Bitcoins Token.
This new Learn-to-Earn platform has already raised $1.9 million in presale and shows no signs of slowing down.
Hundreds of people are piling into 99Bitcoins Token’s Twitter and Telegram daily.
And the hype has intensified after popular YouTuber Michael Wrubel, who has over 312,000 subscribers, dropped a video singing the project’s praises.
The project incentivizes real crypto education by paying out 99BTC for completed courses and quizzes.
The utility doesn’t stop there, though, as 99BTC holders can also access pro webinars and earn staking rewards of over 860% APY.
To drive engagement, the development team is even airdropping $99,999 worth of actual Bitcoin to early community members.
To potentially claim a piece of the prize pool, users need to sign up, follow the project’s socials, and submit a wallet address.
Between the Learn-to-Earn mechanics, huge staking APYs, and aggressive airdrop, 99Bitcoins Token is going all in.
And with crypto market conditions looking bullish again, this project could be set for an exciting June alongside Bitcoin.
Visit 99Bitcoins Token Presale.
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