Bitcoin Price Prediction as $10,000,000,000 Volume Comes In – BTC to the Moon?
Investors appear to be preoccupied with the final match of the FIFA World Cup 2022 in Qatar, as the cryptocurrency market is devoid of volatility on Sunday. Given this, the Bitcoin price prediction hasn't changed much throughout the day, as BTC remains above the important support level of $16,550.
Following the collapse of FTX and concerns that Binance is in jeopardy, most crypto trading platforms are holding payments due to liquidity concerns.
Bitvavo, a cryptocurrency trading platform based in the Netherlands, claims that Digital Currency Group (DCG) is holding back hundreds of millions of dollars owing to liquidity concerns.
Bitvavo has announced in a recent statement that DCG, which offers off-chain staking services to Bitvavo, has suspended repayments until the company's current liquidity situation is resolved. Bitvavo maintains that the problems being experienced by DCG will not affect its service in any way.
Bitvavo claims that the problems DCG is experiencing will not affect its service in any way.
“DCG is currently experiencing liquidity problems due to the current turbulence in the crypto market. As a result, DCG has suspended repayments until this liquidity issue has been resolved…
According to Bitvavo, which oversees €1.6 billion in crypto assets, DCG will eventually repay its debt of roughly $280 million. The cryptocurrency exchange also notes that it will not be restricting withdrawals for customers due to DCG's default.
The market's ongoing fear is keeping Bitcoin and other cryptocurrencies under pressure.
The current Bitcoin price is $16,747, and the 24-hour trading volume is $11 billion. Bitcoin has fallen by 0.10% in the previous 24 hours. CoinMarketCap now ranks first, with a live market cap of $322
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