Bitcoin has dropped 0.7% in the last 24 hours to trade at $20,312 at the time of writing. The coin has not been making much progress in the past week, with the price steadily holding above $20K.
Bitcoin fails to rally further
The price of Bitcoin is bearish today as the price continues to slowly but gradually retrace. Bitcoin has fallen below the $20,400 mark. After the US Federal Reserve hiked interest rates again by 75 basis points, BTC started a downtrend, but it has not gone below $20K.
The crypto market plunged slightly after the Fed decision but shows signs of recovery. The global market capitalization is still above $1 trillion. If the price continues consolidating, the price will move between the $20,200 and $20,500 levels in the short term.
Bitcoin needs support from buyers to form another major rally that will likely take prices higher above $20,400 and possibly retake $21,000. We expect to see such an uptrend if new money flows in.
In the last 24 hours, the US stock markets have bled amid the Fed’s aggressive position, but with BTC holding ground, it indicates that the coin is breaking its correlation with the stock markets, and a resumption in volatility could make the coin more attractive to speculative traders.
The Relative Strength Index at 41 indicates that some selling pressure has been happening. The selling happened after the FOMC data was released. However, looking at the chart, Bitcoin has made a healthy recovery, and it is headed higher, and the barrier of $20,500 will be broken soon.
Dash 2 Trade can make 50x gains in 2023
Dash 2 Trade is a new cryptocurrency project that was only launched recently. The presale has already raised more than $4.3 million, and once it reaches $5,166,000, it will move on to the third stage, where the price will increase from 0.05 USDT to 0.0513 USDT.
Dash 2 Trade has already announced that its first CEX listing for D2T will be on the LBank exchange. The token will list on this exchange as soon as the presale is over. The presale has nine stages, which are expected to end during the first quarter of 2023.
Attention #D2T Crew!
First #CEX listing confirmed
After the presale $D2T will be listed on @LBank_Exchange!
— Dash 2 Trade (@dash2_trade) November 2, 2022
D2T token powers the Dash 2 Trade platform. According to its whitepaper, the platform will give crypto traders access to traders they can use to make informed decisions. These tools range from trading signals, social sentiment metrics to social trading tools.
Subscriptions to the platform will be made using D2T, which already makes it one of the best utility tokens in the market. The token will continue gaining as the Dash 2 Trade platform becomes more popular, which makes it capable of making 50x gains in 2023.
- How to Buy Dash 2 Trade Token in November 2022
- Dash 2 Trade Price Prediction November 2022
- Experts Believe These 3 Coins Could See Crypto Price Explosion After Raising Millions This Week (D2T, IMPT, Calvaria)
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members