Silvergate collapse and FTX crash had shaken the foundations of the crypto market, but the recent interest rate hike by the Federal Reserve has brought about a calamity that can even shift investors away from the world of Cryptocurrencies altogether. While Bitcoin (BTC) and Ethereum (ETH), the two pillars of the crypto building, are seen to crumble down, the new Big Eyes Coin (BIG) is reaching new highs with its presale.
Bitcoin suffers Severe Impact
This week’s crash in crypto prices has caught investors off guard. According to Coinglass, Bitcoin (BTC) has suffered the most losses, with $112 million in the last 24 hours. With Silvergate Collapse, it dipped below $21K to reach the lowest in the past seven weeks causing major concern to the investors.
Given the fallout from Silvergate Capital, the environment continues to be tough for cryptos. Bitcoin could therefore see further selling pressure in the upcoming times. In the last 24 hours, it posted $98 million in liquidations, 94% of them being long positions.
Ethereum Continues To Fall
Just like most cryptos in recent times, Ethereum (ETH) was also in the red. It was down over 7% despite being the second-largest crypto in market value. The severe price drop is also attributed to the York Attorney General’s office suing KuCoin. The lawsuit alleged that Ether is a security trading on the exchange, meaning KuCoin failed to register as a broker-dealer.
Ethereum reached a monthly low at $1425 as the selloff ignited a wave of long liquidations that totaled $73 million. Although Ethereum-based NFT company Yuga Labs launched an auction on March 7, which raised $16.4 million, it could not do much for the ongoing depreciation.
The Shanghai hard fork was also delayed by a month. Slated for April 2023 now, Ether prices are likely to stay volatile as the hard fork is not going to bring major sell pressure.
Big Eyes Coin’s Vault Pin Ensures Presale Success
Big Eyes Coin (BIG) is creating positive waves in Web3. This cat-themed cute currency is now in stage 12 of its presale, raising $31.29 million. With its unique offers and giveaways, this meme coin is winning hearts all over the crypto world.
Being a community-driven coin, Big Eyes has always believed in keeping the members at the centre of their universe. Right from the beginning of the presale, it has given offers to win tokens one way or another to the holders and helped them grow along with the coin. This time it brings the highly rewarding Vault Pin.
The Vault Pin “819” can be used by investors before they make a purchase on the Big Eyes website. It gives 5000% ROI as Loot Boxes, with multiple chances of winning prizes worth up to $1 million.
- In $100, the user gets the Saver Tin and can win up to $1000 worth of $BIG
- In $1000, the user gets the Cute Box and can potentially win up to $10,000 $BIG
- In $5000, the user gets the Kitty Vault and possibly be rewarded up to $25,000 worth of $BIG
- By spending $10,000, the user receives the Super Saiyan Box and has the chance to win up to $100,000 $BIG tokens
- In $100,000, the user receives the Excali-Paw Chest and is rewarded up to a whopping $1 Million worth of $BIG!
The investors raise their chances of earning $BIG by spending more. Every pin entry is the doorway to getting complimentary Loot Boxes which give huge rewards in a once-in-a-lifetime offer.
Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
