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Here Are Today’s ICO Winners: BlockPay (BLKPY) and TrueFlip (TFL)

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­Despite volume being a little bit lower over the last couple of days in the token market based on the fact that much of the US has shut down for Thanksgiving break, we’ve still seen a considerable amount of action (or, at least, a considerable amount of volatility) in the token space at the end of this week.

Here is a look at two of the biggest gaining tokens in the sector during the last 24 hours with a discussion of what we expect to come next from each.

The two tokens in our crosshairs for the session today are BlockPay (BLKPY) and TrueFlip (TFL).

First up, then, BlockPay.

This token has been an incredible mover over the last 24 hours. Currently, it trades for $0.266 apiece, up 174% on the last 24 hours alone. When you expand these time frames out to one week and one month, the numbers rise to 178% and 302% respectively.

On its ICO price of $0.226, BLKPY is up somewhere in the region of 80%.

Unlike many of the fresh tokens that have hit the market over the last few months, BlockPay is likely one that that many will be familiar with given both the fact that it debuted during August last year (so it’s something of a veteran in this nascent sector) and that there was quite a lot of attention surrounding its launch as and when the ICO in question kicked off.

For those not with familiar BLKPY and the company it represents, BlockPay, is a system designed to be used at point-of-sale for retailers through which they are able to offer transactions in a variety of cryptocurrencies, including Bitcoin, Steem, Ethereum, Dash and Smartcoins.

­Interestingly, there is very little in terms of operational development to which the recent run can be attributed but, given the fact that it’s Black Friday and retail markets are now expected to ramp up in activity, there’s a good chance we will see some degree of escalated activity from BlockPay as retailers increase their usage of its point-of-sale systems.

Chances are, markets are buying up the token in anticipation of the company reporting some solid early December usage numbers.

If this is the case, there’s a good chance we’ll also see a continuation of the strength heading into next week based on the extension of Black Friday activity across many of the major retailers.

Moving on, TrueFlip.

This one is a far newer entrant to the space and, in terms of business model, is far less extensive in terms of scope. That doesn’t mean it can’t be a runner in the token market however and – as if to prove this statement – we’re seeing a considerable amount of activity over at TFL trading HQ right now.

Over the last 24 hours, the token is up 137%, while it’s also up 110% over the last week and 57% since last month. It’s also up on its ICO price of $1.038, currently trading for $1.116 – a little over a 7.5% premium

For those not familiar with this one, is a lottery type token that is designed to underpin a fair and transparent blockchain based lottery.  The company running the lottery has picked up quite a lot of traction since its launch and it is some insight into said traction that has caused the TLF token to rise of late.

Specifically, the company just announced that it has reached around 5000 players daily and has put out a state of TrueFlip report (available here on Steemit) detailing corporate advance over the last few months.

While this one isn’t a billion-dollar idea, it seems as though the team is executing on its growth strategy relatively well and this suggests that we could well see some strength moving forward into the end of 2018 and beyond.

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Bitcoin Price Dumps Below $41,000 Amid Uncertainty

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Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

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Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

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Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

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Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

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Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

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