The FIFA World Cup 2022 final match in Qatar showed investor interest as the cryptocurrency market remained volatile on Sunday. In view of this, bitcoin price prediction Not much changed during the day, as BTC remained above the important $16,550 support level.
Following the collapse of FTX and concerns that Binance is at risk, most crypto trading platforms are halting payments due to liquidity concerns.
Giant DCG locks up nearly $300 million amid liquidity issues amid crypto
Bitvavo, a Netherlands-based cryptocurrency trading platform, claims that Digital Currency Group (DCG) is holding back hundreds of millions of dollars due to liquidity concerns.
Bitvavo recently announced in a statement that DCG, which provides off-chain staking services to Bitvavo, has suspended repayments until the company’s current liquidity situation is resolved. Bitvo says that the problems being experienced by DCG will not impact its service in any way.
Bitvo claims that the issues DCG is facing will not affect its service in any way.
“DCG is currently experiencing liquidity issues due to the current turbulence in the crypto market. As a result, DCG has suspended repayments until this liquidity issue is resolved…
According to Bitvavo, which oversees €1.6 billion in crypto assets, DCG will eventually repay its debt of around $280 million. The cryptocurrency exchange also noted that it will not be restricting withdrawals for customers due to the DCG default.
The ongoing fear of the market 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 is down 0.10% in the last 24 hours. Coinmarketcap now ranks first with a live market cap of $322 billion. It has a total volume of 21,000,000 BTC coins and a circulating supply of 19,236,818 BTC coins.
On Sunday, BTC/USD is expected to find initial support near $16,560. With the RSI and MACD in the oversold zone, BTC price could continue to climb higher towards the 23.6% Fibonacci retracement level at $17,000.
Up ahead, 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 price declines below $16,570, the $16,150 support could weaken.
High Profitability Alternative Coins
The current risk-off mindset in the global crypto market is restraining price action, but some coins are making headlines.
Why don’t we check them out?
FightOut (FGHT) – Presale Launch
With the launch of its pre-sale, to fightA new move-to-earn (M2E) fitness app and gym chain that aims to bring the fitness lifestyle to Web3 has attracted the attention of investors who see the project as having the potential to revolutionize the current Web3 M2E landscape. lets see.
Where existing M2E apps like StepN only measure steps and require an expensive non-fungible token (NFT) buy-in to join, FitOut enables its users to engage in exercise and activity without requiring any such buy-in. Provides a more comprehensive approach to tracking and making payments.
As the pre-sale raised over $2.86 million in just a few days, interested investors are encouraged to act quickly to secure their FGHT tokens at the current price of 60.06 USDT for 1 USDT.
FightOut crypto ecosystem will be powered by FGHT coin.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Dash 2 Trade is an exciting cryptocurrency trading platform startup that you can invest your money in. The upcoming analytics and social trading platform is expected to take the crypto trading sector by storm with its unique features.
Features include trading signals, social sentiment and on-chain indicators, pre-sale token scoring system, token listing alert system, and strategy back-testing tools.
The D2T token, which users must purchase and hold in order to access the platform’s services, will power the Dash 2 Trade ecosystem. Dash 2 Trade is currently running a token pre-sale at very low prices, with just over $10 million sold.
The 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 pre-sale phase now
RIA, a new play-to-earn battle card crypto game, may become a reality. Calvaria’s mission is to increase cryptocurrency acceptance by building a bridge between the real world and cryptocurrencies 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 raised $2.48 million and is nearing the end of its fundraising campaign, with only 20% of its tokens remaining.
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