Bitcoin price prediction as $10,000,000,000 volume hits BTC on the Moon?

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Investors seem concerned about the 2022 FIFA World Cup final game in Qatar as the cryptocurrency market is devoid of volatility on Sunday. Considering this, the Bitcoin price prediction has not changed much throughout the day as BTC remains above the important support level of $16,550.

Following the collapse of FTX and fears that Binance is in jeopardy, most crypto trading platforms are suspending payouts due to liquidity issues.

Giant DCG locked nearly $300 million in crypto due to liquidity issues

Bitvavo, a Netherlands-based cryptocurrency trading platform, claims that Digital Currency Group (DCG) is withholding hundreds of millions of dollars due to liquidity issues.

Bitvavo announced in a recent statement that DCG, which offers off-chain staking services to Bitvavo, has suspended redemptions until the company’s current liquidity situation is resolved. Bitvavo maintains that the problems encountered by DCG will not affect its service in any way.

Bitvavo claims that the problems encountered by DCG will not affect its service in any way.

“DCG is currently experiencing liquidity issues due to the current turmoil in the crypto market. As a result, DCG has suspended redemptions 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 notes that it will not limit withdrawals for customers due to DCG’s default.

Ongoing market fear keeps 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 0.10% in the past 24 hours. CoinMarketCap now ranks number one, 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, BTC/USD is likely to locate initial support near $16,560. With the RSI and MACD in the oversold zone, BTC prices could reach the 23.6% Fibonacci retracement level of $17,000.

Bitcoin price chart – Source: Tradingview

Going forward, the 38.2% Fibonacci retracement point and the 50-day simple moving average at $17,250 will act as further resistance for the BTC/USD pair. However, if BTC prices dip below $16,570, the $16,150 support level could become vulnerable.

High Profit Alternative Parts

The current risk mentality in the global crypto market keeps price developments in check, but few coins make headlines.

Why not check them out?

FightOut (FGHT) – Presale Launches

With the launch of its pre-sale, FightOut, a new gym channel and mobile fitness app (M2E) that aims to bring the fitness lifestyle to the web3, has caught the attention of investors who see the project as a potential for revolution. 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 such buy-ins.

As the presale 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 per 1 USDT.

The FightOut crypto ecosystem will be powered by the FGHT coin.

Visit FightOut now

Dash 2 Trade (D2T) – Presale enters its final phase

Dash 2 Trade is an exciting cryptocurrency trading platform startup to invest your money in. The next social analytics and trading platform is set to take the crypto trading industry by storm with its unique features.

Among the features are trading signals, social and on-chain sentiment indicators, pre-sale token rating system, token list alert system, and strategy backtesting tool.

The D2T token, which users must purchase and hold to use the platform’s services, will power the Dash 2 Trade ecosystem. Dash 2 Trade is currently holding a token presale at significantly reduced prices, with sales barely exceeding $10 million.

The tokens are currently available for purchase at $0.0533 per token and will be available on multiple centralized exchanges over the next month.

Visit Dash 2 Trade here

Calvaria (RIA) – Final presale phase now

RIA, a new crypto battle card game to be won, could become a reality. Calvaria’s mission is to increase cryptocurrency acceptance by building a bridge between the real world and cryptocurrency in the form of a fun, easy-to-play crypto game. Investors may be interested in Calvaria’s RIA token presale.

Calvaria has now earned $2.48 million and is nearing the end of its fundraising campaign, with only 20% of the tokens remaining.

Visit Calvaria now

Find the best price to buy/sell a cryptocurrencyCryptocurrency Price Tracker – Source: Cryptonews

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