The Bitcoin (BTC) price has dropped after hitting resistance at $70,000 following concerns about US government Bitcoin wallet activity. Analysts noted that the US government moved $2 billion worth of BTC tokens to a new address, which typically occurs ahead of an OTC sale by the government. This movement came just two days after former President Donald Trump proposed a national Bitcoin stockpile, causing Bitcoin to rise to $70,000. Some fear that the Biden/Harris administration might dump Bitcoin ahead of the election to spite Trump and the broader crypto industry. Investors are now looking to altcoin markets for the best crypto to buy amid market uncertainty.
Bitcoin SV (BSV) is staging a strong comeback, gaining 14% in 24 hours and rising above $51. If BSV can clear a key resistance level of around $56, it may return to yearly highs in the $125 area. BSV is defying expectations amid potential US government selling, making it a strong contender for the best crypto to buy now. Meme coin Book of Meme (BOME) is up 13% in 24 hours and is pumping after breaking a downtrend from its all-time highs. A 3x rally back towards record highs of $0.030 could be on the cards, making BOME a potential top pick. AIOZ Network (AIOZ) is another strong performer on Monday, gaining over 10% in 24 hours and breaking back above its 50 and 200DMAs. A quick 2x rally back to yearly highs in the $1.10 area is possible, making AIOZ another candidate for the best crypto to buy now.
While altcoins offer impressive gains in this bull market, smaller and lesser-known cryptos sold via ICOs could offer even bigger upside potential. Web3 start-ups often conduct token presales to raise funds for development, selling tokens at a discount. Presale investing is risky but can be a way to make quick gains if done intelligently. Some of Cryptonews.com’s favorite presales to invest in right now include 15 best crypto presales.
Overall, the US government’s movements of BTC tokens, coupled with market uncertainty, have led investors to seek alternative cryptocurrencies as they search for the best options to buy now. Altcoins such as Bitcoin SV (BSV), Book of Meme (BOME), and AIOZ Network (AIOZ) are showing strong performance, attracting the attention of traders. Additionally, ICOs of smaller and lesser-known cryptos could offer significant upside potential for investors, although they come with higher risk. As the crypto market continues to evolve, investors are navigating the landscape carefully to make educated decisions regarding their investments.
