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The Bitcoin worth 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 tackle related to the defunct crypto change Mt. Gox moved 13,265 BTC value $784 million.
In accordance 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 stress.
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 assume 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 Value May Nonetheless Surge
The Bitcoin worth has been in a consolidation section since August 8, as BTC trades on a sideways sample inside the $61,000 resistance and the $56,665 assist zone, in keeping with knowledge from GeckoTerminal.
BTC has now crossed above the 50-day Easy Shifting Common (SMA), which means that Bitcoin’s worth could possibly be on an uptrend within the brief time period.
Furthermore, the Relative Power Index (RSI) additionally appears to be rebounding from the 50-midline stage, at the moment at 51, because it signifies a rising shopping for stress.
If the shopping for continues, the Bitcoin worth may breach the higher boundary of the sideways sample. The bulls intention to surpass the 200-day SMA at $62,255 as they aim $64,000.
Nevertheless, if the worth of Bitcoin breaches the decrease boundary of the sample at $56,645, BTC may plunge additional to seek out assist round $54,635.
In the meantime, because the Bitcoin worth goals for a bullish rally, different buyers are dashing to purchase a brand new GameFi token on Solana referred to as Mega Cube (DICE) that the distinguished YouTube channel 99Bitcoins says may 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 median of over $50 million month-to-month.
Our group’s creativity shines on this gorgeous video that includes $DICE 🤩$DICE – #1 GameFi venture 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 take pleasure in over 4,000 on line casino video games and have entry to over 50 sports activities and eSports betting choices.
Token holders also can earn rewards via staking, receiving day by day payouts based mostly on the on line casino’s income.
Mega Cube additionally gives NFTs for VIP gamers and a 25% referral fee to additional drive engagement and participation on the platform.
To hitch the presale, you should purchase $DICE on the official web site right here for $0.110529 per token utilizing BNB, ETH, or SOL. You too can earn 10% on any purchases made by buyers you refer.
Associated Information
Mega Cube – Latest GambleFi Token
- Established Crypto Betting Model
- Featured In Cointelegraph – First Licensed Telegram On line casino
- Presale Dwell Now – megadicetoken.com
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