TLDR
- Bitcoin miners offload 3,000 BTC in a single day.
- Miners on Dogecoin decreased their cumulative balance by 270 million DOGE in 40 days.
- New Rebel Satoshiis poised to be the next viral meme coin.
The latest developments in Bitcoin (BTC) and Dogecoin (DOGE) show a surprising decline in mining power. Regardless, this hasn’t deterred investor interest in these two top crypto coins, particularly Bitcoin.
Still, 2024 encourages some investors to explore new horizons. Here, we have a revolutionary meme token with the ingredients of being a top ten cryptocurrency in its niche.
Learn more later as we uncover the trending news for Bitcoin and Dogecoin.
Bitcoin Miners Sell $129 Million of BTC in One Day,
The miner reserves for Bitcoin recently slid to their lowest point since May 2023, indicating a surprising spate of withdrawals. According to CryptoQuant, miners sold 3,000 BTC (worth $129 million) on December 28, 2023 alone.
However, the trend of decreasing reserves began in late October 2023. While this would result in massive selling pressure, BTC’s price is close to its 2023 high of $44.747, trading at $42,768.
A potential reason is the long-awaited decision from the Securities and Exchange Commission (SEC) to approve or deny a Bitcoin ETF. The regulator should meet the deadline by January 10 this month or earlier.
The early days of 2024 have seen many analysts making bold Bitcoin price predictions ranging from $100,000 to $500,000. Yet, even with the upcoming halving and potential ETF approval, reasonable estimates hint at a minimum peak of $55,000 for BTC.
Dogecoin Miners Offload 270 Million DOGE in 40 Days
Like Bitcoin, Dogecoin uses a proof-of-work blockchain. Hence, mining activity is key to making the project a top crypto to buy. As with Bitcoin, the project is experiencing a decline in this regard.
Miners held a cumulative balance of 4.64 billion DOGE in their wallets on November 21, 2023, according to IntoTheBlock. Yet, this figure was 4.37 billion on December 30, 2023, meaning a decrease of 270 million DOGE.
Another recent trend with Dogecoin is high-value DOGE transfers, sparking intrigue and speculation. Data shows that 65.1 million of DOGE (about $5.89 million) was sent to Coinbase from an unknown wallet on December 29, 2023.
Fortunately, these events have kept DOGE stable at the $0.09 level. Moreover, estimates indicate it could reach a minimum of $0.50 this year.
Let’s conclude by learning more about the latest name in new DeFi projects teased earlier, Rebel Satoshi.
https://www.rebelsatoshi.com/?utm_source=MCAP&utm_medium=Banner&utm_id=Bird
Rebel Satoshi Is Set to Change The Centralized Financial Narrative
Rebel Satoshi has the ingredients to be the next viral meme coin. Motivated by Satoshi Nakamoto and Guy Fawkes, Rebel Satoshi is set to alter the narrative of only the elites holding the wealth by transferring it to the people.
Moreover, Rebel Satoshi honors rebellion while building a rebel-minded community. Users will have fun with regular interactive quests and virtual gatherings. The project even offers an exclusive Rebel Meme of Hall Fame. This is where early supporters share their rebel-inspired memes to gain admiration and foster laughter.
Another way Rebel Satoshi celebrates rebellion is with the Rebel Artefacts Vault. This upcoming NFT marketplace will see users trading 9,999 rare symbolic collectibles and digital art characters. Rebel Satoshi‘s utility token, $RBLZ, is the key to entering this enchanting space, which also offers passive staking rewards.
Investors have acquired 95 million $RBLZ of the 125 million tokens allocated for its ongoing citizens round 3 sale. The latter event has raised over $1.3 million, with $RBLZ trading for $0.025. Rebel Satoshi is providing a time-limited 25% deposit bonus with the code ‘REBEL1M’ for buyers to grow their holdings.
Speaking of 25%, this is how much $RBLZ will have grown following the presale (to $0.025). Yet, things would only be getting started. So, join Rebel Satoshi today!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
