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

In accordance 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 Value May Nonetheless Surge

The Bitcoin worth 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, in line with knowledge from GeckoTerminal.

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

Furthermore, the Relative Power Index (RSI) additionally appears to be rebounding from the 50-midline stage, at present 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 goal to surpass the 200-day SMA at $62,255 as they aim $64,000.

Bitcoin Value Chart Evaluation Supply: GeckoTerminal.com

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

In the meantime, because the Bitcoin worth goals for a bullish rally, different traders are speeding to purchase a brand new GameFi token on Solana referred to as Mega Cube (DICE) that the outstanding 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 undertaking 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 can even earn rewards by way of staking, receiving each day payouts primarily based on the on line casino’s income.

Mega Cube additionally affords 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. It’s also possible to earn 10% on any purchases made by traders you refer.