Bitcoin investors were probably biting their nails last week as the token closed below $110K for the first time since August 28.
Those nails didn’t see much damage though, as Bitcoin has since bounced sharply, gaining 5% over the next five days and now trading around $114K as we head into October – fondly known as Uptober.
Even more striking, this typically follows a sluggish September, which is also the case this time around as despite some gains, $BTC has mostly been flat.
Plus, data from Binance tells us that there aren’t many sell orders above $115K, meaning $BTC wouldn’t need heavy buying pressure to cross those levels.
However, Bitcoin technical charts reveal a CME gap between $111,300 and $110,900, following a strong rally during the weekend.
That said, such a dip might trigger fresh buying, as it would still be above its long-term support at $110K. And with October’s historical tailwinds, $BTC may well make fresh highs this month.
Currently, if you’re holding Bitcoin and want to participate in the DeFi space, you usually have to bridge your $BTC to another blockchain like Ethereum or Solana, use it in their Web3 ecosystem as a wrapped token, and then bridge it back to Bitcoin once you’re done.
Not only is this inconvenient, but you also end up paying hefty gas fees in the process. All of this stems from the lack of Web3 compatibility on the Bitcoin blockchain.
However, that’s about to change with Bitcoin Hyper. Its SVM integration allows developers to build dApps and execute smart contracts directly on Bitcoin.
Next, the non-custodial canonical bridge ensures you can engage in Web3 activities such as DeFi trading, staking, lending, borrowing tokens, or even buying NFTs without sacrificing Bitcoin’s native L1 security.
Smart investors have already recognized $HYPER’s potential, pouring $19.3M into its presale so far. And it’s not just retail investors driving the momentum.
Only yesterday, three whales scooped up $113.8K, $109.9K, and $105.4K worth of $HYPER, respectively.
Large investors usually delegate this execution legwork to advanced trading bots that operate at lightning speed. Retail investors simply can’t compete with that level of computerized execution.
This is where the Snorter bot comes in. Traders can punch in their buy/sell, limit, and stop orders directly through the Telegram bot.
Just like advanced trading algorithms, the bot will swipe liquidity in an instant, executing your trades without you having to lift a finger.
Another good thing about the bot is that it allows you to copy trades from successful traders on the blockchain. This helps you understand how the markets work and how top traders think.
Also, let’s not forget the top-notch security offered by Snorter. It uses MEV-resistant layers so you don’t fall victim to honeypots or rug pulls. The bot even protects you from sophisticated sandwich attacks.
Currently in presale, $SNORT has already raised over $4.17M, with each token priced at just $0.1065.
It’s a crypto-to-fiat payment solution that lets you send cryptocurrency to anyone, and they receive it as fiat currency directly in their bank account.
Usually, when you send money abroad, hefty forex fees eat into the transfer amount. However, Remittix charges zero forex fees, ensuring no hidden losses.
What stands out most is its same-day transaction processing. This is starkly different from traditional cross-border payment systems, which can take anywhere from 2 to 5 business days, if not more.
The platform is also currently hosting a $250K giveaway, where 10 winners can take home $25K each. All you have to do is buy at least $50 worth of $RTX and complete certain quests.
Each $RTX token is currently available at just $0.1166, with a price increase right around the corner.
Disclaimer: Investments in crypto are highly risky due to the market’s volatility. Kindly do your own research before investing. This article is not financial advice.
