The crypto world is always a house of volatility, this time, Bitcoin (BTC) is leading the charge with its price decline. As the broader crypto market faces a downturn and investors steer through these difficult times, analysts are deeply studying the trajectory of Bitcoin (BTC).
Meanwhile, a new project named IntelMarkets (INTL) has come under the spotlight recently with its innovative goal of democratizing AI-powered trading for investors. It has received an overwhelming response from the market as its presale now touching new heights.
Let’s dive into further details to know more about this project along with in-detail price insights of Bitcoin (BTC) price from a well-known Bitwise Analyst.
IntelMarkets (INTL) Disrupts Crypto Trading with Dual-Chain Platform
The cryptocurrency community’s new talk of the town is none other than IntelMarkets (INTL). The trading platform has made some serious buzz in the crypto world with its huge promise to democratize AI trading, making it accessible to every level of investors. The development team behind IntelMarkets AI is what gives it such power.
With experts from industry titans like OpenAI, Goldman Sachs, and MIT on the team, investors will have access to the most cutting-edge trading tools. Furthermore, IntelMarkets (INTL) incorporates a dual-chain model in its advanced trading platform. It works with two of the biggest blockchains on hand: Ethereum and Solana.
As a result of this model, traders will be able to benefit from quick and easy transactions, affordable costs, and success in liquidity pools. IntelMarkets’ (INTL) approach is game-changing, propelling it to the forefront of the $2 trillion cryptocurrency sector.
Market Volatility Hits Bitcoin (BTC): Analyst Warns of Potential Further Decline
Bitcoin’s (BTC) recent drop below $59,000 has sparked market concern, with several factors contributing to the decline. The latest cryptocurrency flash crash, heightened regulatory scrutiny, and diminished institutional interest are all factors contributing to Bitcoin’s downturn. These problems have caused a drop in the hash rate and demand for Bitcoin, which has put more pressure on its price.
Recently, a whale transferred 2,300 BTC to Kraken, worth about $141.81 million, causing a massive selloff. This move, along with more general macroeconomic worries, has investors on edge, particularly in light of coming earnings from tech titans like NVIDIA and the expected US PCE inflation figures.
Despite the present decline, some forecasters believe that if Bitcoin (BTC) breaks through a crucial barrier level, it may rise to $65,000. According to CoinMarketCap data, the current price of Bitcoin (BTC) is $60,446. It has surged by 0.83% over the last day and down by 1.34% over the last week.
Due to traders’ continued caution, which is affecting Bitcoin’s (BTC) performance, the market is waiting for clarification from these developments. A significant decrease in BTC futures open interest and a spike in trading volume coincided with the latest decline, indicating increased volatility.
According to a Bitiwse analyst, if Bitcoin (BTC) does not rebound to $61,000, it risks sliding much deeper to $48,000 with no immediate support on the horizon.
IntelMarkets (INTL) Presale Breaks Records, Raises Over $180,000
With the help of the features listed above and more, IntelMarkets (INTL) was successful in pulling off a stellar private funding round, raising over $550,000 from Fortune 500 Investors and Backing from Sovereign Wealth Fund.
Following this success, they opened their doors to the public by launching their public presale stage 1, and the response has been nothing short of amazing, quickly raising more than $180k in presale funding, while its native token is only priced at a discounted price of $0.009.
Analysts are anticipating if this momentum continues, IntelMarkets’ (INTL) with its dual architecture and AI trading platform will make it to the top contenders’ list to outperform established coins in the market.
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