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Crypto Market Update: Bitcoin Rises Above $66,000, Toncoin Falls While Market Recovers

Bitcoin (BTC) has again taken the spotlight in the crypto market, rising above $66,000 as a confirmation of its price rebound following the market-wide crash in the past week. However, while Bitcoin has restored optimism in investors, we see negative price action on Toncoin (TON), a notable market gainer in the past several months.

Follow through as we discuss the price trends on Bitcoin (BTC) and Toncoin (TON), as well as the broader implications for the crypto market. Also, don’t miss out on an opportunity for up to 50x profits on ETFSwap (ETFS) as the presale continues to melt faces.

Price Trends On Bitcoin (BTC) And Toncoin (TON)

Bitcoin (BTC) was set in choppy waters in the past week, and the price was driven below $60,000 on multiple occasions. This market skepticism persisted amid escalating tension between Israel and Iran, which resulted in a market-wide crash in all cryptocurrencies.

However, Bitcoin (BTC) was quick to recover as halving closed in, and so far, the cryptocurrency had already soared back to around $65,000 by the time block rewards were split in half. 

BTC’s recovery continued in the new week as the price rose to $67,000 before being pushed back down. Nevertheless, the cryptocurrency is looking to create support around $65,000-$66,000 for another rally north of $80,000 while dominance over altcoins is at 51%.

Toncoin (TON), however, has hit a state of freefall following its partnership with Tether (USDT). Earlier this week, Tether (USDT) expanded two stablecoin assets to Toncoin’s blockchain, and the aftermath of the news contrasts with recent announcements that have sent Toncoin (TON) to an ATH of $7.63. Although it seemed like positive price action in the hours after the news, the price was dumped below $6 in the following days.

As of this writing, Toncoin (TON) is trading around $5.7 but remains in a 15% uptrend in the past month despite the brutal price dump in the past couple of days. Several other large-cap alts, including meme coins, have hit a quick bounce and are looking to claim previous price ranges prior to the market crash.

The total market capitalization stands at $2.46 trillion, while the Bitcoin (BTC) rebound has restored market optimism, and investors have resumed bidding on their favorite altcoins. 

One new coin that has seen increased activity over the past week is ETFSwap (ETFS), a new presale coin with a potential for 1,000% returns. Let’s explore how much value ETFSwap (ETFS) could hold.

ETFSwap (ETFS) Could Be A Top Market Gainer Amid Crypto Market Recovery

As the crypto market finds steady growth and stability, ETFSwap (ETFS) emerges as a promising contender for a top market gainer in 2024. In light of spot Bitcoin ETF approvals and anticipation for other crypto ETFs, the market has developed an interest in ETFs and their cross-pollination with crypto assets.

In light of this budding interest, ETFSwap (ETFS) emerges as a pioneering platform for tokenized ETFs on the blockchain. This new platform will enable global accessibility to ETFs from various industries with unprecedented flexibility to convert all crypto assets into ETFs and vice versa. This blockchain-based platform ensures that tokenized ETFs are backed by real-world securities purchased on traditional financial markets. 

ETFSwap (ETFS) can mix blockchain technology and ETFs since it works with MiCa-compliant, regulated investment institutions that trade both stocks and cryptocurrencies. The platform improves its offering by combining the best capabilities of centralized and decentralized platforms.

The ETFSwap (ETFS) ecosystem delivers robust infrastructure, regulatory compliance, liquidity, and transparency to investors, ensuring a smooth and secure trading experience. Users can expect redefined ETF trading, several DeFi utilities, advanced trading with up to 10x leverage, high yields from ETFS staking, and an avenue to take advantage of the revolution of real-world asset tokenization.

ETFSwap (ETFS) is backed by real fundamentals, and many experts believe this could be a unique market opportunity for massive profit as the presale continues to shake the market. The ongoing Stage 1 presale has already sold over 25 million tokens and continues to move at great speed as investors scoop up the incredible discount.

Stage 1 price of the presale sells ETFS tokens at $0.00854, which allows investors to lock unrealized profits of over 2x towards the Stage 2 presale, where the token price will be $0.01831. At this pace, ETFSwap (ETFS) could be the biggest win for investors lucky enough to get in early.

Claim a 18% bonus now on ETFS presale with the promo code “ETFS18.”

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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