Bitcoin Price Bulls Retarget $40,000 While Traders’ Favorite Bitcoin Minetrix Soars Past $4m in its Stake to Mine ICO
The Bitcoin price is retracing higher as bulls retarget $40,000, while switched-on crypto traders continue to place bets on new stake-to-mine Bitcoin alternative Bitcoin Minetrix as its ICO soars past $4 million.
However, after slipping back towards $35k, Bitcoin is trading strongly higher at $37,422 today, up 4.2% in the past 24 hours. The leading cryptocurrency has put on 123% year-to-date gains, outperforming all other asset classes. It is little wonder market participants are eagerly anticipating even bigger gains when a spot Bitcoin ETF approval eventually does arrive.
There are less than 24 hours before $BTCMTX rolls into Phase 8 of its presale and the price of the token increases from $0.0116 to $0.0117.
However, with only $500k to go to hit the Phase 7 target of $4,683,971, the token could sell out before the next step up on the price ladder, so prospective buyers need to move quickly.
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