{"id":35535,"date":"2024-08-06T10:54:09","date_gmt":"2024-08-06T10:54:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rebounds-after-massive-sell-off-brett-and-poodlana-shine\/"},"modified":"2024-08-06T10:54:09","modified_gmt":"2024-08-06T10:54:09","slug":"bitcoin-rebounds-after-massive-sell-off-brett-and-poodlana-shine","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rebounds-after-massive-sell-off-brett-and-poodlana-shine\/","title":{"rendered":"Bitcoin rebounds after massive sell-off; BRETT and Poodlana shine"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Bitcoin trades above $55k after a sharp sell-off that saw it break below $50k.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Brett (BRETT) meme coin is leading top gainers among the top 100 coins by market cap.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Poodlana has surpassed $5 million in presale with 10 days to go before it lists on DEX.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Several altcoins are green as the price of Bitcoin rebounds from the lows reached on Monday amid the staggering sell-off that engulfed crypto and stocks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As Bitcoin (BTC) price looks to extend its bounce above $55k, meme coin Brett (BRETT) is leading the altcoin flip with over 30% gains in 24 hours. Meanwhile, traders eyeing the new Solana-based meme coin <a href=\"https:\/\/www.poodlana.com\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=current_news\" target=\"_blank\" rel=\"noopener\">Poodlana (POODL)<\/a> have increased the presale tempo as the project surpasses the $5 million mark.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin trades above $55k as market eyes recovery<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Matt Hougan, the chief investment officer of Bitwise, is bullish despite the crypto crash. <\/span><\/p>\n<p><span style=\"font-weight: 400\">He in a <a href=\"https:\/\/x.com\/Matt_Hougan\/status\/1820534418899136868\" target=\"_blank\" rel=\"noopener\">post<\/a> on X on Monday that the meltdown that eviscerated the crypto market on Aug. 5, 2024 was comparable to the crash that hit global capital markets in mid-March 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As happened then, Bitcoin led cryptocurrencies lower amid the chaotic reaction to the Covid pandemic. But the market bounced, and Hougan believes the current downturn could offer such an opportunity.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">8\/ But March 12, 2020 wasn\u2019t time to panic. It was the best buying opportunity for bitcoin in a decade.<\/p>\n<p>\u2014 Matt Hougan (@Matt_Hougan) <a href=\"https:\/\/twitter.com\/Matt_Hougan\/status\/1820534431217811665?ref_src=twsrc%5Etfw\">August 5, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Bitcoin has recovered some of the losses seen when it <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-tumbles-tests-49000-amid-major-crypto-selloff\/\">dropped to below $50k<\/a>, and could benefit from an explosive bounce if the declines represented a fresh bottom.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BRETT leads market gainers with 30% spike in 24 hours<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The crypto market has returned to above $2 trillion in market cap as several altcoins post notable gains in the past 24 hours. Although Ethereum (ETH), Solana (SOL) and BNB (BNB) have registered decent gains during the early Asian hours, the biggest gainer at the time of writing is Base meme coin Brett (BRETT).<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to CoinMarketCap data, BRETT has seen a 33% jump in its price to reach a 24-high of $0.094. Brett\u2019s trading volume has increased 5% to over $93.8 million. While BRETT is outpacing Bittensor (TAO), AIOZ Network (AIOZ), Ondo Finance (ONDO), and Akash Network (AKT) at the time of writing, its price remains in the red over the past week and month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BRETT price is down 31% over the past week, while its losses over the past month are around 23%.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Poodlana presale: Traders scoop POODL<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Poodlana (POODL) is <a href=\"https:\/\/coinjournal.net\/news\/poodlana-ignores-the-crypto-sell-off-as-token-sale-nears-5-million\/\">attracting huge attention<\/a> despite the current market outlook. Having launched its presale on July 17, the new Solana meme coin has seen its total raise surpass $5 million in a record 20 days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solana\u2019s newest meme coin describes itself as the project \u2018where crypto meets couture.\u2019 It\u2019s inspired by the poodle, a dog breed that\u2019s driving the fashion world wild, with top global celebrities and elites keen on making a statement with poodle fashion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This merging of fashion and crypto to drive the new era of dog-themed market tokens has found its greatest traction in Asia, with China, Japan and Korea leading the new crypto wave. Poodlana\u2019s presale success suggests its launch could be an explosive debut in the market.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">When is the Poodlana DEX launch?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Because Poodlana offered a 30-day presale, the project expects to list its token on Aug. 16. The presle price started at $0.06 and will hit $0.0539 in the last presale stage, before hitting the DEX within an hour of the token sale closing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">That means traders looking to position with a new SOL meme coin at discounted prices have 10 days only to buy POODL. Details also show Poodlana will launch with 100% of its presale tokens unlocked.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, POODL is priced at $0.0416, with the next stage set to see it rise to $0.0458.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You can discover more about this new meme coin by joining the community <a href=\"https:\/\/www.poodlana.com\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=current_news\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-rebounds-after-massive-sell-off-brett-and-poodlana-shine\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin trades above $55k after a sharp sell-off that saw it break below $50k. Brett (BRETT) meme coin is leading top gainers among the top 100 coins by market cap. Poodlana has surpassed $5 million in presale with 10 days to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":35536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35535"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35535"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35536"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}