Crypto News Today: Bitcoin (BTC) Down As $665M Gets Wiped Out; Mutuum Finance (MUTM) Shocks Inves...

The crypto market is reeling from a sudden downturn, with Bitcoin (BTC) plummeting after a failed breakout above $110,000, wiping out $665 million in leveraged positions

Meanwhile, Mutuum Finance (MUTM) is surging forward, captivating investors with its phase 5 presale at $0.03 per token, promising a 100% return at its $0.06 launch

The project has raised $10,700,000 since its presale began, selling over 550 million tokens to 12,100 holders

As Bitcoin stumbles, Mutuum Finance (MUTM) shines as a beacon of potential, with analysts predicting a staggering 43x surge to $1.29 post-launch

Investors are buzzing with curiosity, eager to explore what’s driving these shifts.

Bitcoin’s Sharp Decline

Bitcoin (BTC) is facing turbulent times after a promising climb fizzled out. The leading cryptocurrency hit a weekly peak but failed to breach the $110,000 resistance, sliding back to $106,000

This triggered a massive selloff, liquidating 132,569 traders’ positions and erasing $323 million in leveraged bets, per CoinGlass data

Technical indicators, like a bearish RSI divergence and a negative MACD histogram, signaled fading momentum throughout June. Rising inflation concerns and cautious bond market reactions, with 30-year Treasury yields at 4.844%, add pressure

Geopolitical tensions, including U.S. military evacuations amid Iran conflicts, further spook investors. Consequently, Bitcoin’s dip reflects broader market jitters, pushing focus to emerging altcoins.

Mutuum Finance (MUTM) Presale Momentum

Mutuum Finance (MUTM) is capturing attention with its phase 5 presale underway at $0.03 per token. This stage follows a robust $10,700,000 raise, with over 550 million tokens sold to 12,100 holders

The price has tripled from the opening phase’s $0.01, offering early buyers a 200% gain. Phase 6 looms, bringing a 16.7% price hike to $0.035, while the confirmed $0.06 launch price guarantees a 100% return for current investors

Mutuum Finance (MUTM) isn’t just riding the crypto investment wave; it’s carving a niche with its innovative lending model. Furthermore, the team’s recent Certik audit, scoring an impressive 80.00 with no vulnerabilities, bolsters trust in its secure framework.

Innovative Lending Model

Mutuum Finance (MUTM) is redefining decentralized finance through a dual lending system. Its Peer-to-Contract model lets users deposit stablecoins into smart contract pools, earning passive income via automated interest adjustments. This ensures lenders maximize returns while borrowers access funds at lower costs

The Peer-to-Peer model fosters direct, intermediary-free loan agreements, enhancing transparency and user control. Built on Ethereum, Mutuum Finance (MUTM) introduces a USD-pegged stablecoin with a resilient structure to prevent instability

The platform’s Layer-2 integration promises faster transactions and lower fees, addressing common DeFi pain points. Moreover, a beta platform will launch alongside the token, offering immediate access to lending and earning features.

Rewarding Early Adopters

Mutuum Finance (MUTM) is amplifying excitement with a $100,000 giveaway, splitting $10,000 among 10 winners. To join, investors submit a wallet address, complete all quest steps, and invest at least $50 in the presale

The team also launched a dashboard showcasing the top 50 holders, rewarding them with bonus tokens for maintaining their ranks

Analysts project a post-launch price of $1.29, a 43x leap from the current $0.03, driven by the platform’s robust utility and growing community. This positions Mutuum Finance (MUTM) as a top crypto investment

Additionally, revenue from lending fuels token buybacks, boosting long-term value without diluting supply.

Crypto News Today Recap

The crypto market pulses with contrasts as Bitcoin grapples with a $665 million wipeout, driven by macroeconomic fears and geopolitical unrest

Yet, Mutuum Finance (MUTM) stands tall, offering a compelling entry point at $0.03 in its phase 5 presale. Its innovative lending model, secure infrastructure, and lucrative rewards like the $100,000 giveaway make it a standout

Investors seeking the best crypto to invest in can explore Mutuum Finance (MUTM) for its 100% launch return and potential 43x growth. Don’t miss out—dive into this opportunity and join the presale now!

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