Bitcoin's Price Drop Triggers Millions in Sell-Offs, BlockDAG's Presale Nears $94M with 50% Bonus

The cryptocurrency world is in turmoil due to Bitcoin's drop to a two-week low of $61,800, causing $350 million in sell-offs and affecting thousands of traders.

Bitcoin’s Price Drop Triggers Sell-Offs in the Millions

Bitcoin’s value suddenly fell, reaching a two-week low of $61,800, which led to $350 million in sell-offs. This affected approximately 120,000 traders in the last day as the market experienced significant fluctuations. After a brief recovery to $64,000, negative forces drove the price down again.

This downturn followed an announcement by Fed Chair Jerome Powell about two upcoming rate cuts by the US central bank before the year’s end. Other cryptocurrencies also suffered, with ETH losing over 3%, SOL by 3.6%, and DOGE by more than 5%. Although Bitcoin has seen some recovery, the market’s instability continues to cause substantial losses for many traders who took on too much risk.

Bitcoin’s Price Chart on September 22, 2023 | Source: CoinMarketCap

Ethereum’s Price Outlook

Ethereum seems poised to replicate its late 2016 behavior, indicating possible price reductions in Q4 of 2024. Despite a strong September, significant sales by major holders are pressuring Ethereum’s value.

Recent ETF withdrawals totaling $48.6 million and global tensions further darken the outlook. With these elements in play, the market is closely monitoring Ethereum for signs of repeating its previous downturn. While the future remains uncertain, the potential for growth still exists depending on market developments.

Two Days Left To Grow BDAG Holdings with 50% Bonus!

Time is almost up for crypto fans to grab BlockDAG’s amazing 50% bonus, providing a rare opportunity to increase BDAG holdings significantly. The presale is close to hitting $94 million and reaching $100 million looks very likely for BlockDAG. The success of its Testnet showcases BlockDAG’s technical strength, making it a standout name in the blockchain world currently.

The window for the 50% bonus is quickly shutting, with just a few days left for traders to secure a spot in this promising project. Early participants are already enjoying considerable gains, with each new release pushing the presale even higher, and there’s no sign of momentum dropping. As the rush for this 50% bonus kicks off, BDAG’s worth is expected to skyrocket.

Market experts suggest that BDAG could reach an impressive $20 by 2027, which would mean early buyers could see returns as high as 20,000 times. With the current price at $0.0206 in batch 24, those who got in early have already witnessed a 1960% rise in returns since batch 1.

Those who take advantage of the 50% bonus to acquire more BDAG are positioning themselves for huge potential rewards, especially as the chance to use this bonus dwindles each day. BlockDAG is on track to be a leading force in the 2024 crypto market, and missing out now could mean passing on one of the most promising projects in blockchain history.

Top Crypto to Buy

As Bitcoin’s recent big sell-offs settle, traders are watching the market closely and getting ready for possible changes. Ethereum’s price outlook calls for caution, influenced by large holder sales and ETF withdrawals.

Still, the main attraction is the BlockDAG 50% bonus, a hot deal in the market! With only two days remaining, crypto enthusiasts are hurrying to secure their BDAG before the bonus period ends. As the presale approaches $94 million, BlockDAG is poised to become one of the top crypto projects for 2024, with experts forecasting a remarkable $20 price target by 2027.

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