Will Bitcoin Fall Around 70K in a Short Time? SOLX and BTCBULL Challenge the Market! - Coin Newsletter

Why is Bitcoin falling? The leading crypto Bitcoin fell below the $90,000 level for the first time since November 2024. According to CoinMarketCap data, the decline of BTC to $86,000 has raised concerns among investors

Why is Bitcoin Falling?

The answer to the question of why Bitcoin is falling is ETFs. The decline in the leading crypto coincides with a (ETF) remarkable sell-off in U.S. spot Bitcoin exchange-traded funds, which have been experiencing sustained outflows. After BTC fell below the critical level of $90,000, investors who turned to alternatives are showing interest in low-priced projects that challenge the markets, especially buying Solaxy tokens

For BTC, which has fallen below $90,000, the fear of whether it will fall to $70,000 affects the markets. While analysts suggest that the continued sell-off in ETFs may be linked to ongoing trade tensions between the US and China, it also seems likely to experience a correction similar to the 2017 cycle. In an X post, Raoul Pal, founder and CEO of Global Macro Investor, reminds us that Bitcoin experienced a 29% correction five times that year, and each correction lasted two to three months

Bitcoin, which decreased by around 6 percent in the last 24 hours, is trading at $88,442 as of the time of writing this article.

Solaxy, the First Layer-2 Solution on Solana, Surpasses $23.5 Million

The Solana ecosystem is taking a hit as most assets face significant selling pressure. As SOL retreats below $150, it tests the $117 support level. Reasons for the decline in SOL include general market conditions as well as scalability and congestion issues on the network.

Solaxy (SOLX), the first Solana Layer-2 project to stand out, manages to attract the attention of investors with its discounted pre-sale and collects $1 million in investment every 5 days. Funds raised so far from early-stage investors exceed $23.5 million. Many presale participants expect returns of up to 50x on their investment.

Solana brands itself as a highly scalable blockchain, and its low transaction costs and instant transaction facility make it the hub of meme coins. However, the blockchain, which faces significant network congestion issues during peak traffic periods, has been known to experience transaction failures of up to 75% during last year's meme coin craze. Despite the upgrades at the time, the same problem came to the fore once again in the wake of Donald Trump's meme coin launch

Due to its detailed roadmap focusing on congestion and scalability issues on the Solana network, the Solaxy token is in high demand. The presence of crypto whales among investors supports the project's acceleration. Although the idea of Solana Layer-2 was unnecessary in the past, it has now become a necessity, so the Solaxy project is building the future of Solana in a way.

SOLX tokens are finding buyers at a discounted price of 0.001646 dollars in the current stage of presale, and token holders can participate in the staking pool without waiting for the presale to end. Despite strong demand, the project's APY sits at a quite high level of 173 percent. The reward per ETH block is determined as 4377.4 SOLX tokens.

Bitcoin Bull Token Hits $3 Million as Bitcoin Falls

While Bitcoin has fallen below $90,000, funds raised from investors looking to buy BTC Bull tokens are based on $3 million. While the news that whales are collecting Bitcoin with the decline is interpreted as preparation for the eagerly awaited Bitcoin rally, small investors are turning to the BTC Bull token, which offers the chance to earn BTC

BTC Bull Token offers investors a unique benefit in the meme coin sector, providing a passive Bitcoin income with a mechanism similar to running a mining operation. When Bitcoin reaches the target prices set by the project, such as $150K, $BTCBULL token holders receive Bitcoin airdrops, which are calculated based on the tokens they hold. This process is repeated with every $50,000 increase; This suggests that the next airdrop distribution will come after $200K. In addition, the project team aims to increase the value of the BTCBULL token through the token burning mechanism in the intermediate stages

Popular crypto staking platforms allow investors to earn APY and block rewards. BTCBULL token holders can also participate in another income method by staking their tokens without waiting for the end of the presale. The number of tokens accumulated in the staking pool has exceeded 690 million so far, with the project's APY sitting at 152 percent. Investors staking BTCBULL tokens earn 399.54 BTCBULL tokens per ETH block.

Staking rewards are planned to be distributed over 2 years. Thanks to this system, the project team not only spreads the community incentive over time, but also aims to prevent the token price from falling due to rapid sales in the event of a possible rally after exchange listings

Early-stage investors who want to participate in the discounted presale event have the chance to buy Bitcoin Bull tokens for only 0.00238 dollars before the prices rise and have the opportunity to earn real Bitcoin.

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