Top cryptocurrency Bitcoin (BTC) suffers from overwhelming declines as it trades less than its viable trading mark, losing numerous old-time investors and switching their holdings to the new real estate project in the market The Hideaways (HDWY).
Bitcoin (BTC) Loses Long-Term Holders
According to On-chain reports, Bitcoin’s (BTC) long-term holders are dumping all their coins as the crypto plunges below its $17,000 trading level. They foresee that the threshold of holding the king coin could result in either greater profit or massive losses.
At the same time, some short-term “speculators” felt acute problems caused by the bearish decline. Because of the sharp plunge, the long-term holders and speculators are gearing up their portfolios and purchasing The Hideaways (HDWY) for better momentum.
Bitcoin (BTC) being the top digital asset could be in danger of losing even the most famed investors but several holders are still holding their capital in hopes of a bounce back by early 2023.
Bitcoin (BTC) Price Analysis For 2023
Within the past 24 trading hours, Bitcoin’s (BTC) price broke the barrier below its $17,000 mark and dropped to its crucial support level of $16,500. Following the FTX fallout and the broader price correction, the crypto market is crashing massively.
According to crypto analysts CredibleCrypto, the price of the crypto must hold the $16,500 mark to rebound from the red zone. He also mentioned that if it were to break past that barrier, then the danger of reaching the $15,600 mark is nearing.
Security is one of the top priorities of Bitcoin (BTC) users so if the bearish market occurs they will worry less as they could hedge themselves by purchasing The Hideaways (HDWY).
Bitcoin (BTC) Users Prefer The Hideaways (HDWY) For 2023
With the sudden spark of the Bitcoin (BTC) decline, market participants are exiting the doors to get better investment stability and growth. The Hideaways (HDWY) ramps itself and becomes a top pick for the king coin users for their 2023 investment journey.
The Hideaways (HDWY) is also kicking off a prize draw that allows the winner to acquire $100,000 in cash in total. To make things more exciting, the project team announced that there will be a 100% bonus on all investments.
The presale event is nearing its end by December 31 and various investors are flocking their way to join the community and gain massive rewards that could accumulate to more than 6000% of their initial deposit by 2023.
The token is trading at $0.1. Don’t miss the chance to be part of the millionaire club by 2023!
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/12/top-coin-bitcoin-btc-loses-investors-as-coin-plummets-the-hideaways-hdwy-becomes-shelter