Bitcoin Hits $114K as Maxi Doge Presale Reaches $2.6M
As September concludes, Bitcoin experiences a notable intraday bounce, reaching $114K. This movement elevates the total crypto market cap above $3.9 trillion.
- BTC closed near $113,985 after touching $114,309.
- Traders are focusing on $108K as support and $114,309 as resistance, with a higher ceiling at $117K.
The S&P 500, Nasdaq, and gold see positive performance, with US Treasury's gold holdings exceeding $1 trillion in value.
- The Fed's 25-basis-point rate cut has lowered the hurdle for risky investments, benefiting altcoins and new meme coins.
- Maxi Doge ($MAXI) has raised $2.6M in presale, attracting significant attention.
BTC Market Dynamics
- RSI is neutral; ADX below 20 indicates no clear trend.
- EMA50 remains above EMA200 but shows a closing gap, indicating potential volatility.
- A break above resistance could lead to a rally, while a drop below support might push traders towards safer assets.
The macroeconomic environment, supported by easier monetary conditions, increases risk appetite among investors, aiding both large-cap and high-beta assets.
Maxi Doge Presale Insights
- Maxi Doge, a meme coin, has raised $2.6M in presale.
- Significant whale transactions into $MAXI reflect strong investor interest.
- Current price is $0.00026 with staking rewards offering a 129% APY.
- Potential for price appreciation alongside staking returns.
Note: The cryptocurrency market is volatile. Conduct thorough research before investing.