Bitcoin Price Prediction: BTC Plunges 3% As Mt. Gox Moves $784 Million And This Solana GameFi Crypto Closes On $2 Million

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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 trade Mt. Gox moved 13,265 BTC price $784 million.

In line with Alex Thorn, head of analysis at Galaxy Digital, the newest 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 suppose that of the 13,265 BTC moved on this tx, just 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 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 help zone, based on knowledge from GeckoTerminal.

BTC has now crossed above the 50-day Easy Transferring Common (SMA), which means that Bitcoin’s worth may very well be on an uptrend within the brief time period.

Furthermore, the Relative Energy Index (RSI) additionally appears to be rebounding from the 50-midline degree, at the moment at 51, because it signifies a rising shopping for stress.

If the shopping for continues, the Bitcoin worth 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.

Bitcoin Worth Chart Evaluation Supply: GeckoTerminal.com

Nevertheless, if the value of Bitcoin breaches the decrease boundary of the sample at $56,645, BTC might plunge additional to search out help round $54,635.

In the meantime, because the Bitcoin worth goals for a bullish rally, different traders are dashing to purchase a brand new GameFi token on Solana known 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 median of over $50 million month-to-month.

Our neighborhood’s creativity shines on this beautiful video that includes $DICE 🤩$DICE – #1 GameFi undertaking on #SOLANA! 🚀

There’s one thing for everybody at Mega Cube On line casino! 😎

Be a 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 may also earn rewards by means of staking, receiving every day payouts primarily based on the on line casino’s earnings.

Mega Cube additionally presents NFTs for VIP gamers and a 25% referral fee to additional drive engagement and participation on the platform.

To hitch the presale, you should buy $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.