Bitcoin Price Reaches $63K+ After The Fed Interest Rate Cut Announcement

Bitcoin price rose quite sharply after the Fed announced a rate cut. At the same time, whales sold BTC in large amounts. How does this affect the BTC price?

Bitcoin price soaring up The Fed officially announced an interest rate cut. After struggling to reach $60,000 for a long time, BTC has now jumped to more than $63K.

Understand the current BTC price chart analysis. And is it true that there is a whale who sells BTC in large quantities? Check out the reasons and implications for the crypto industry.

Current Bitcoin Price Chart

When this article was written on September 20, 2024, the price of BTC to USDT is soaring at $63,749 with an increase of +2.93% in the last 24 hours. In the same period, BTC reached its highest point at $64,133.

The Bitcoin price chart above is taken from Market Bitrue. It can be seen that the graph gives a very positive signal for the current condition of BTC. In fact, the RSI number is far above 50. With the number 71.71, buying BTC tokens is becoming a popular trend compared to selling it.

The MACD indicator is also rising above the border line. The gap between the two lines indicating that BTC will soon experience an impressive bull run.

Current technical analysis is quite impressive. However, seeing that the flow of crypto coin prices is always fluctuating, you can always do research before making an investment. You must always do the DYOR technique.

To make it easier for you to do independent research, the Bitrue website can help you. Because, Bitrue provides easy access for you to check the price conditions of BTC and other crypto coins in real time.

Whales Selling BTC in Large Amounts

When the price of Bitcoin finally reached more than $63,000, a whale actually sold the BTC tokens he owned. No half-hearted, whate sold up to 1,030 BTC with a selling value of approximately $64.3 million on one of the global crypto exchanges.

This action certainly attracts attention. Moreover, BTC token holders are having fun celebrating the increase in BTC prices. However, selling tokens when their value rises is actually common in the crypto industry. This is a strategy to make a profit, especially when the token holder buys it when the price drops.

However, the slightest movement from investors in the crypto industry certainly has an impact on the state of the token. So, what is the impact of selling this large amount of BTC? Pay attention to the following points.

1. BTC prices can change along with selling large amounts of Bitcoin and affect the existing RSI indicator2. This BTC sale can trigger BTC price volatility

BTC and Its Popularity

After the Fed announced it would cut interest rates by 50 bps, Bitcoin prices tended to rise. This could trigger an increase in the prices of other tokens as well so that the crypto industry experiences a positive price shift.

Bitcoin is called the king of crypto for a reason. The reason is, when the price of BTC experiences an increase or decrease, the prices of other tokens will also be affected, both in positive and negative directions.

Even though when the price drops or during the Bitcoin halving the price of alternative coins will tend to rise because BTC dominance falls, Bitcoin's popularity remains brilliant. This oldest token will still be suitable for investment purposes.

When you are interested in investing in BTC, you can learn how to buy Bitcoin. Check prices Bitcoin to USD It can also be used as primary research to check current prices so that you can determine the appropriate allocation of investment funds according to your abilities.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

How to Start a Successful Travel Blog from Scratch

Wazzup Pilipinas!?

Creating a travel blog is an exciting process that can help you turn your love of discovery into a successful business. With the emergence of digital media, more individuals than ever are sharing their experiences and motivating others to embark on journeys of their own. But every great travel blog starts with a well-thought-out plan and a commitment to lifelong learning and development. It is not sufficient to just launch a blog. To succeed, you must comprehend your objectives, your target market, and the resources at your disposal. Whether your goal is to make a living off of your travel writing or to make your blog a company, there are essential measures you need to take to make a name for yourself in a very competitive market. 

Define Your Niche

Choosing your niche is the first and most crucial step in launching a travel blog. Since there are so many travel blogs currently out there, standing out from the crowd requires you to focus more narrowly. Consider what travel interests you the most, rather than attempting to cover every kind of trip. Do you have a strong interest in family travel, eco-friendly travel, backpacking in Southeast Asia, or discovering lesser-known places? By identifying a niche, you can attract a committed following of others who have similar interests. Because you'll have a defined goal, it also makes it easier to produce content regularly. A blog about sustainable travel, for instance, may include ethical travel strategies, environmentally friendly lodging, and environmental preservation. 

Choose the Right Blogging Platform

Selecting the ideal blogging platform is the next crucial step after determining your niche. The platform you choose will affect everything from your site’s look and functionality to your capacity to expand and monetize your blog. WordPress is the preferred platform for a lot of travel bloggers due to its scalability, flexibility, and extensive plugin library that improves blogging. WordPress allows you to add features like a photo gallery plugin or vacation itinerary tool to your blog, as well as customize it to reflect your brand and optimize it for search engines. On the other hand, novices who want a more straightforward setup could find Wix and Squarespace, among other platforms, to have user-friendly interfaces. 

Promote Your Blog Effectively

Insufficient advertising will hinder the success of even the most excellent content. To increase your blog's audience and fan base, you must aggressively promote it using a variety of media. Social media sites that provide visually stimulating ways to interact with your audience, such as Facebook, Instagram, and Pinterest, are great for posting travel-related information. Every platform has advantages and disadvantages, so try out a variety of tactics to find which ones are ideal for your site. For example, travel bloggers can use Instagram's emphasis on photos to highlight their experiences, and they can use Pinterest to share blog pieces that link back to their website. In addition to social media, think about participating in online communities or forums where you can meet others who share your interests and discuss your blog. Collaborating with other bloggers and guest posting on popular sites can also help increase your visibility. Moreover, tracking your promotional efforts through digital marketing reporting tools is key to understanding which methods are driving the most traffic to your site, allowing you to refine your strategy over time.

Craft High-Quality Content

Your travel blog's content is its lifeblood, and the caliber of your entries will ultimately decide how successful it is. Travel blogs are frequented by readers looking for inspiration, in-depth advice, and first-hand accounts, so it's critical to create entertaining but useful content. Consider what will appeal to your target audience while crafting content. Are they searching for advice on where to go, what places to go, or firsthand accounts? Adding a variety of content kinds to your blog, such as how-to entries, personal travelogues, and location guides, will keep it interesting and lively. Travel blogs mostly rely on photography, so getting a good camera or picking up some basic photo editing skills will help you produce eye-catching images to go along with your writing. Furthermore, consistency is essential. 

Invest in SEO From Day One

A crucial first step towards expanding your travel blog is to ensure that it is search engine optimized. More people will find your material naturally if you rank better on Google and other search engines thanks to search engine optimization (SEO). SEO should be your priority from the start. To do this, do some research, target important keywords in your blog entries, optimize your meta descriptions, and use the right headings and image tags. Traffic is vital to a blog's growth and is far more likely to be drawn to a well-optimized site. Additionally, because more and more people are reading blogs on their smartphones, make sure your website is responsive. As speed affects rankings as well, make sure your blog loads quickly to keep users interested. 

Monetize Your Blog

After your travel blog has gained a following and consistent traffic, you can look into several revenue-generating strategies. There are several monetization strategies, and the best one for you will rely on your audience's tastes and your niche. One well-liked choice is affiliate marketing, in which you can promote goods or services that your readers would find useful in exchange for a commission. For instance, you can include affiliate links in your blogs to suggest travel accessories, online travel agencies, or travel insurance providers. Sponsored articles and corporate collaborations are two more popular ways to generate income. Businesses may ask you to write reviews of their goods or services in exchange for cash or complimentary trips. Advertising is another possibility, but it’s important to balance the amount of ads on your site with user experience to avoid overwhelming readers. Some travel bloggers also offer premium content, such as exclusive itineraries, online courses, or e-books. As your blog grows, you can experiment with different monetization options to see what works best for you and your audience.

Stay Consistent and Adaptable

Success in blogging takes time, and consistency is the key to maintaining long-term growth. Many bloggers fail because they lose motivation or fall into the trap of being inconsistent, which causes their audience to lose interest. To avoid this, develop a content schedule that works for you, whether that means posting once a week or twice a week. Remain dedicated to producing high-quality posts regularly. It's also important to be flexible and open to change. The travel industry is always changing, as are digital tools and trends. Podcasting and video content are becoming more and more popular, so exploring these platforms could expand your audience. Stay aware of changes in SEO algorithms, social media trends, and user preferences to keep your blog relevant.

For those who are passionate about sharing their travel experiences with the world, starting a travel blog from scratch may be a gratifying endeavor that demands commitment, ingenuity, and thoughtful planning. Every stage of the process, from identifying your niche and choosing the best platform to advertising and content monetization, is essential to creating a profitable travel blog. Your blog will continue to expand if you maintain consistency in the information you create and remain open to new trends. You may encourage people to travel by following these instructions and exercising patience, and you can even grow your blog into a successful business. Accept the adventure and allow the world to be inspired by your travel experiences!

Celebrate 6th Anniversary, Bitrue Gives Out Free Crypto up to 1,000,000 USDT!

Celebrating its 6th anniversary, Bitrue is holding a free crypto giveaway event for users. The lucky draw prize is up to 1,000,000 USDT. Want to participate in this event? Read the terms and conditions below.

Good news for Bitrue users! Celebrating the 6th anniversary, Bitrue is currently holding a raffle event with crypto token prizes up to 1,000,000 USDT! This event is specifically for Bitrue users.

If you want to get free crypto tokens, see the conditions and how to take part in the anniversary event from Bitrue in the following explanation.

Getting to know Bitrue

Before explaining about the free crypto giving event from Bitrue which is celebrating its 6th anniversary, let's understand how Bitrue works as a global crypto exchange. Bitrue is a trusted global crypto exchange.

Founded by a group of blockchain enthusiasts, Bitrue of course always provides services that make it easier for users to carry out investment transactions in the crypto ecosystem.

By transacting crypto on Bitrue, you have at least the following 3 experiences,

1. Secure Transactions: Bitrue is equipped with cold wallet technology with 2FA and leading multi-signature.

2. Faster: Bitrue has a unique core pair system so it ensures trading is done correctly in a short time.

3. Easier: Bitrue is equipped with the latest technology, but is easy to operate even by laypeople.

Bitrue has various features that you can not only use to make crypto transactions easily but also do research before deciding to buy a token.

Because, you can check the price of a token in real-time so you can carry out technical analysis easily, check the price conversion of the crypto token price to USD, and carry out fundamental analysis by accessing thousands of articles about projects being carried out in the crypto ecosystem,

Get Free Crypto from the Bitrue Anniversary Event

The 6th Bitrue anniversary event is underway and will end in 9 more days. Prizes distributed are crypto tokens with a value of up to 1,000,000 USDT.

There are no special conditions To take part in this event, you only need to be a Bitrue user by making transactions there. Transactions count for all features such as Crypto Trade, COIN-M Futures, and USDC Futures.

Bitrue's anniversary event system means that users will get the opportunity to draw prizes of different amounts. Users will get lottery tokens for every transaction with a value of 2.000 USDT or equivalent.

The number of lottery tokens you get is unlimited, you can get as many as possible according to the number of transactions you make.

Users can check the ranking in real-time on the Bitrue website to find out the number of users, how many crypto tokens each user received, and various updates about this event.

Later, the prize will go directly to the user's future account exactly 2 hours after you get the prize. For every token earned but not used until the end of the event period, the token will be forfeited.

Conclusion

That is the information regarding Bitrue's 6th-anniversary celebration event. Don't hesitate to participate, okay? Because, when else can you get free crypto just by making transactions without complicated special conditions? With Bitrue, investing in the crypto ecosystem can be easier and more profitable!

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.