Bitcoin Falls Under $38,000 as Rebel Satoshi and THORChain Emege as Promising Alternatives

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TLDR

  • Bitcoin (BTC) struggles despite news of SEC’s meeting with Grayscale coming out.
  • Rebel Satoshi (RBLZ) aims for a $100 million market cap, leading the new ICOs.
  • THORChain (RUNE) suffers after Binance goes for settlements.

The value of Bitcoin (BTC) suffered despite the news that Grayscale met with the SEC. Meanwhile, Binance opting for criminal settlements is affecting the price of altcoins, including THORChain (RUNE). But Rebel Satoshi (RBLZ) is attracting investors because of a successful start to its presale.

Let’s review the latest about BTC and top altcoins to find out what’s the best crypto to buy for beginners and investors!

BTC Struggles Despite Sec’s Meeting With Grayscale

A memo released by SEC on November 22, 2023, outlined the commission’s discussion with Grayscale. As expected, the discussion was centered around the conversion of the Bitcoin Trust to a spot Bitcoin ETF product. Market sentiments decreased after the SEC delayed its approval of the ETF fillings in early November.

However, the memo’s release has got everybody speculating about the ETF fillings approval. Many analysts believe the fillings could be approved by January 10, 2024. Unfortunately, this good news did not help BTC cross $38,000. In fact, BTC fell under $38,000 after the news.

BTC opened at $36,980 on November 22. But Bitcoin’s price dropped by 1% to $36,580 by the evening. Now, it has become more challenging to predict when BTC can break the $40,000 mark.

BTC price prediction shows that the coin can trade at $61,087.13 by the end of 2024 if market sentiments remain bearish. However, if bullish sentiments overtake the market, BTC can reach $70,273.42 by the end of 2024, considering the upcoming Bitcoin halving event.

$RBLZ Eyes $100 Million Market Cap, Leads the Top ICO List

Rebel Satoshi is one of the new ICOs in the crypto world, but its goal to unite playfulness with purpose separates it from the rest. Rebel Satoshi is not merely a meme coin but an idea that aims to challenge inequality in the crypto landscape.

Rebel Satoshi has established itself as the movement’s leader against the system that only favors the elite. At the center of this movement is $RBLZ, the native token of Rebel Satoshi. Along with the rebels, $RBLZ aims to bring a new era of decentralization to the crypto world.

$RBLZ is in the Early Bird Round of its presale at the moment, where it has a value of $0.010. According to crypto analysts, the price of $RBLZ is expected to increase by 29% to reach $0.013 by the next round of the presale.

Moreover, $RBLZ is estimated to offer its early investors a 150% return on investment as it reaches $0.025 at the end of the presale. Rebel Satoshi is also eyeing a $100 million market cap, which is bringing the attention of investors to this new meme coin.

 

RUNE Price Suffers After Binance Settles Criminal Case

Binance, the world’s largest crypto exchange, was charged by the US Department of Justice (DOJ) with a money laundering case. On November 21, 2023, the DOJ announced that Binance and its CEO Chengpend Zhao are pleading guilty to violations of US anti-money laundering laws.

As part of the settlement, Binance will be paying more than $4 billion in fines. While some observers believe that Binance’s downfall could improve the spot ETF approval odds, it has affected the price of certain coins, including THORChain.

RUNE, the native token of THORChain, has been going on an upward trend since the start of November 2023. However, the price of THORChain’s token, RUNE, dipped slightly after the news of Binance’s settlement came out. THORChain dropped by 6.9% on November 21.

RUNE opened at $5.2827 on November 21, but after losing 6.9%, it closed at $4.9172 on the same day.

As for future forecasts, RUNE can reach $9.78 by the end of 2024 if market sentiments turn bullish. But if bearish sentiments affect the price of RUNE, it will trade at $8.44 by the end of 2024.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.



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