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The Bitcoin value plunged 3% within the final 24 hours to commerce at $59,553 as of 03:18 a.m. EST on buying and selling quantity that dropped 7% to $27 billion.
This comes as an deal with related to the defunct crypto trade Mt. Gox moved 13,265 BTC price $784 million.
In line with Alex Thorn, head of analysis at Galaxy Digital, the most recent batch of on-chain motion of BTC could not translate into substantial promoting strain.
CORRECTION — in a previous tweet i stated mt gox tx’d $1.5bn onchain. it was half that — $700m. (sorry, i misinterpret my alerts)
AND, we now suppose that of the 13,265 BTC moved on this tx, only one,265 ($74.5m) is supposed to distro, w/ 12,000 going to property contemporary chilly storage
so, very small
— Alex Thorn (@intangiblecoins) August 21, 2024
Bitcoin Worth Might Nonetheless Surge
The Bitcoin value has been in a consolidation section since August 8, as BTC trades on a sideways sample throughout the $61,000 resistance and the $56,665 assist zone, based on information from GeckoTerminal.
BTC has now crossed above the 50-day Easy Shifting Common (SMA), which means that Bitcoin’s value could possibly be on an uptrend within the quick time period.
Furthermore, the Relative Energy Index (RSI) additionally appears to be rebounding from the 50-midline stage, presently at 51, because it signifies a rising shopping for strain.
If the shopping for continues, the Bitcoin value might breach the higher boundary of the sideways sample. The bulls goal to surpass the 200-day SMA at $62,255 as they aim $64,000.
Nevertheless, if the value of Bitcoin breaches the decrease boundary of the sample at $56,645, BTC might plunge additional to seek out assist round $54,635.
In the meantime, because the Bitcoin value goals for a bullish rally, different traders are dashing to purchase a brand new GameFi token on Solana referred to as Mega Cube (DICE) that the outstanding YouTube channel 99Bitcoins says might soar 100X after launch.
Mega Cube Presale Garners Over $1.7 Million
The Mega Cube presale is closing in on $2 million in funds raised in its presale.
Mega Cube’s affect in crypto gaming is clear with its rising participant base of over 50,000, who wager a mean of over $50 million month-to-month.
Our neighborhood’s creativity shines on this beautiful video that includes $DICE 🤩$DICE – #1 GameFi mission on #SOLANA! 🚀
There’s one thing for everybody at Mega Cube On line casino! 😎
Be part of now 👇https://t.co/pzizhtZ2pS pic.twitter.com/URjfXHFvae
— Mega Cube On line casino (@megadice) July 29, 2024
Customers on the platform additionally get pleasure from over 4,000 on line casino video games and have entry to over 50 sports activities and eSports betting choices.
Token holders may earn rewards by means of staking, receiving every day payouts based mostly on the on line casino’s income.
Mega Cube additionally presents NFTs for VIP gamers and a 25% referral fee to additional drive engagement and participation on the platform.
To affix the presale, you should purchase $DICE on the official web site right here for $0.110529 per token utilizing BNB, ETH, or SOL. You can even earn 10% on any purchases made by traders you refer.
Associated Information
Mega Cube – Latest GambleFi Token
Established Crypto Betting Model
Featured In Cointelegraph – First Licensed Telegram On line casino
Presale Stay Now – megadicetoken.com
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