CartelFi presale nears $1M mark as Bitcoin seeks bullish momentum
The post CartelFi presale nears $1M mark as Bitcoin seeks bullish momentum appeared on BitcoinEthereumNews.com.
Bitcoin is holding near $84,000 on Wednesday after repeatedly failing to break above the 200-day EMA. However, even in these uncertain times, an upcoming project has seen continued momentum. CartelFi is close to raising over $1 million within days of launching its presale. Bitcoin is holding near $84,000 on Wednesday after repeatedly failing to break above the 200-day Exponential Moving Average at $85,000 since the weekend. A move past that level would signal bullish momentum. Meanwhile, Bloomberg reported that China is open to trade talks with the Trump administration, provided the US tempers hostile rhetoric. The outcome of these discussions could have significant implications for the global economy and financial markets. However, even in these uncertain times, an upcoming project has seen continued momentum. CartelFi, the new, cartel-themed yield farming protocol, is close to raising over $1 million within days of launching its presale. Upbeat signs for Bitcoin CryptoQuant’s latest weekly report noted that Bitcoin selling by large investors has slowed, while miner sales have increased. Data shows daily BTC sales from large investors have dropped from a February peak of 800K to around 300K BTC. This decline follows sustained losses since late February amid weaker prices. In a separate development, Semler Scientific (SMLR) filed with the US SEC on Tuesday for a $500 million shelf registration to acquire additional Bitcoin. The funds will further the company’s Bitcoin treasury strategy, first adopted in May 2024. Semler currently holds 3,192 BTC. In a post on X, chairman Eric Semler stated, “We have reached a settlement in principle. I’m EXCITED TO BUY MORE BTC!” Why CartelFi is making waves CartelFi is gaining attention as a new entrant combining meme coin speculation with decentralized finance. The protocol offers specialized liquidity pools for meme tokens, allowing investors to earn yield on typically idle assets. Yield…
Filed under: News - @ April 16, 2025 3:29 pm