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Investors appeared to be preoccupied with the 2022 FIFA World Cup finals in Qatar, as the cryptocurrency market was devoid of volatility on Sunday. With that in mind, the Bitcoin price forecast hasn’t changed much on the day as BTC remains above the important $16,550 support level.

Following the collapse of FTX and concerns that Binance was compromised, most crypto trading platforms are holding payments due to liquidity concerns.

Giant DCG Locks Up Almost $300 Million Of Crypto Due To Liquidity Issues

Bitvavo, a cryptocurrency trading platform based in the Netherlands, has claimed that Digital Currency Group (DCG) is holding back hundreds of millions of dollars due to liquidity concerns.

Bitvavo said in a recent statement that DCG, which offers off-chain share services to Bitvavo, has suspended redemptions until the company’s current liquidity situation is resolved. Bitvavo claims that the DCG issues will not affect its service in any way.

Bitvavo claims that the issues with DCG 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 controls €1.6 billion in crypto assets, DCG will eventually pay off its roughly $280 million in debt. The cryptocurrency exchange also states that it will not limit customer withdrawals due to DCG’s default.

An ongoing market fear is keeping Bitcoin and other cryptocurrencies under pressure.

Bitcoin price prediction

The current price of Bitcoin is $16,747 and the 24-hour trading volume is $11 billion. Bitcoin fell by 0.10% in the previous 24 hours. CoinMarketCap now holds the number one spot with a direct market cap of $322 billion. It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,236,818 BTC coins.

BTC/USD is expected to find initial support near $16,560 on Sunday. With RSI and MACD in the oversold zone, BTC prices could rise to the 23.6% Fibonacci retracement level at $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 new resistance for the BTC/USD pair. However, if BTC prices fall below $16,570, the $16,150 support level could become vulnerable.

Highly profitable altcoins

The hedging mindset in the global crypto market is keeping price action in check, but there are few coins that are making headlines.

Why don’t we check them out?

FightOut (FGHT) – Pre-sale begins

With its pre-sale launch, FightOut, a fitness-to-earn (M2E) app and gym network that aims to bring the fitness lifestyle to the web3, has attracted the attention of investors who see the project as having the potential to be revolutionary. the current web3 M2E landscape.

While existing M2E apps like StepN only measure steps and require an expensive non-fungible token (NFT) to connect, FightOut offers a more comprehensive approach to tracking and paying its users for exercise and activity without to request purchases.

With the pre-sale raising over $2.86 million in 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.

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

Visit FightOut now!

Dash 2 Trade (D2T) – Pre-sale enters final phase

Dash 2 Trade is an exciting startup cryptocurrency trading platform where you can put your money. The upcoming analytics and social trading platform is expected to take the crypto trading industry by storm with its unique features.

Features include trading signals, social sentiment and chain indicators, a pre-sale token rating system, a token listing signal system, and a 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 running a token pre-sale at deeply discounted prices, with sales barely exceeding $10 million.

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

Visit Dash 2 Trade here

Calvaria (RIA) – Final pre-sale now!

RIA, an earn-to-play battle card crypto game, could become a reality. Calvaria’s mission is to increase cryptocurrency adoption by building 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 presale.

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

Visit Calvaria now!

Find the best price to buy/sell cryptocurrency

Cryptocurrency Price Tracker – Source: Cryptonews:


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