Bitcoin Price Prediction as $10,000,000,000 Volume Comes In – BTC to the Moon?
Investors appear to be preoccupied with the final match of the FIFA World Cup 2022 in Qatar, as the cryptocurrency market is devoid of volatility on Sunday. Given this, the Bitcoin price prediction hasn’t changed much throughout the day, as BTC remains above the important support level of $16,550.
Following the collapse of FTX and concerns that Binance is in jeopardy, most crypto trading platforms are holding payments due to liquidity concerns.
Giant DCG Locked Nearly $300 Million in Crypto Amid Liquidity Issues
Bitvavo, a cryptocurrency trading platform based in the Netherlands, claims that Digital Currency Group (DCG) is holding back hundreds of millions of dollars owing to liquidity concerns.
NEWS UPDATE: Dutch Bitcoin Exchange #Bitvavo alleges Digital Currency Group is having liquidity issues. DCG subsidiary #Genesis still has a withdrawal freeze on its lending arm, and #Grayscale’s Bitcoin fund is trading at record discounts. 🤔#DCG #DigitalCurrencyGroup #Crypto— Gokhshtein (@gokhshtein) December 18, 2022
Bitvavo has announced in a recent statement that DCG, which offers off-chain staking services to Bitvavo, has suspended repayments until the company’s current liquidity situation is resolved. Bitvavo maintains that the problems being experienced by DCG will not affect its service in any way.
Bitvavo claims that the problems DCG is experiencing will not affect its service in any way.
“DCG is currently experiencing liquidity problems due to the current turbulence in the crypto market. As a result, DCG has suspended repayments until this liquidity issue has been resolved…
According to Bitvavo, which oversees €1.6 billion in crypto assets, DCG will eventually repay its debt of roughly $280 million. The cryptocurrency exchange also notes that it will not be restricting withdrawals for customers due to DCG’s default.
The market’s ongoing fear is keeping Bitcoin and other cryptocurrencies under pressure.
Bitcoin Price Prediction
The current Bitcoin price is $16,747, and the 24-hour trading volume is $11 billion. Bitcoin has fallen by 0.10% in the previous 24 hours. CoinMarketCap now ranks first, with a live market cap of $322 billion. It has a total quantity of 21,000,000 BTC coins and a circulating supply of 19,236,818 BTC coins.
On Sunday, the BTC/USD is expected to locate initial support near $16,560. With RSI and MACD in the oversold zone, BTC prices could surge to the 23.6% Fibonacci retracement level of $17,000.
Up forward, the 38.2% Fibonacci retracement point and the 50-day simple moving average at $17,250 will act as new resistance for the BTC/USD pair. However, if BTC prices drop below $16,570, the $16,150 support level could become vulnerable.
High-Profitability Alternative Coins
The current risk-off mentality in the global crypto market is keeping price action in check, but there are few coins making headlines.
Why don’t we check them out?
FightOut (FGHT) – Presale Launches
With the launch of its presale, FightOut, a new move-to-earn (M2E) fitness app and gym chain that aims to bring the fitness lifestyle to web3, has garnered the attention of investors who see the project as having the potential to revolutionize the current web3 M2E landscape.
While existing M2E apps like StepN only measure steps and require expensive non-fungible token (NFT) buy-ins to join, FightOut offers a more comprehensive approach to tracking and paying its users for exercise and activity without requiring any such buy-ins.
Since the presale raised over $2.86 million in a matter of days, interested investors are encouraged to act quickly to secure their FGHT tokens at the current price of 60.06 USDT for 1 USDT.
The FightOut crypto ecosystem will be powered by the FGHT coin.
Dash 2 Trade (D2T) – Presale Enters Final Stage
Dash 2 Trade is an exciting cryptocurrency trading platform startup in which to put your money. The upcoming analytics and social trading platform is expected to take the crypto trading sector by storm with its unique features.
Among the features are trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and a strategy back-testing tool.
The D2T token, which users must purchase and hold in order to use the platform’s services, will power the Dash 2 Trade ecosystem. Dash 2 Trade is currently running a token pre-sale at drastically reduced prices, with sales barely exceeding $10 million.
Tokens are currently available for purchase at $0.0533 per token and will be available on multiple centralized exchanges within the next month.
Calvaria (RIA) – Final Presale Stage Now
RIA, a new play-to-earn battle card crypto game, may become a reality. Calvaria’s mission is to increase cryptocurrency acceptance by constructing a bridge between the real world and cryptocurrency in the form of a fun and easy-to-play crypto game. Investors may be interested in Calvaria’s RIA token pre-sale.
Calvaria has now earned $2.48 million and is nearing the end of its fundraising campaign, with only 20% of tokens remaining.