Crypto news update: markets are volatile and Bitcoin (BTC) price and Polkadot (DOT) price struggle to recover.
Global economic sentiment is low, which is having a negative impact on crypto markets. Bitcoin and Polkdot prices are heading lower, with Bitcoin and Polkadot investors now sitting on big losses.
In positive news, The Hideaways is running a flash sale, with the HDWY token now discounted 50% for a limited time only. We love this project because you have the opportunity to invest early in a cryptocurrency that we think will be the best project of 2023 and best 2025 crypto investment.
Investors Sell-off Bitcoin (BTC) Over Unpredictable Interest Rate Hikes
Bitcoin (BTC) has been hit the hardest since the beginning of the bear market in 2021. Bitcoin (BTC) which is most times referred to as the king of coins has a ripple effect it exhibits on all other coins (altcoins).
A percentage drop in the price of Bitcoin (BTC) is enough to affect most of the market and with continuous manipulation of Dollar interest rates, we could see more dips coming and the same effect on the general market.
Bitcoin is trading at $19,000 and price action might get worse as the tension about interest rates grow. Investors are now in search of better investment options that are likely to be less manipulated to shield them through the coming crypto winter.
Polkadot (DOT) Losing Popularity
Polkadot (DOT) is one of the largest cryptocurrencies, with a cross-bridge blockchain. DOT has a market cap of several billion dollars; however, like most top coins, that hasn’t stopped its price from plummeting. What is happening to Polkadot? Will Polkadot (DOT) recover? The Polkadot (DOT) price declined from $48 in May 2021 to less than $5 in August 2022.
Investors watched as their investments entered a loss zone and have been unable to crawl out of it ever since.
DOT is down by -74.33% in the last 12 months.
50% Flash Sale Launched at The Hideaways
The Hideaways (HDWY) is taking the market by storm thanks to its commitment to investor security and the real world use cases for the HDWY token.
The team have just announced a 50% flash sale that will be running for a limited time only, so investors are rushing to take advantage. This is the lowest price the HDWY token will be until the presale ends, so it’s the perfect opportunity for you!
The exchange listing price of the token is predicted to be $0.90, meaning if you buy now you will be early into a new cryptocurrency that will give you 30x on your investment in 2023.
Our on-chain analyst has predicted that if Investors continue to flock to The Hideaways (HDWY) the way they are doing right now, The Hideaways (HDWY) could outperform top coins like Polkadot (DOT), Solana (SOL), Dogecoin (DOGE) to mention but a few, in 2023.
If you want to invest in a project early and be like the early investors in Bitcoin and Ethereum, this is your chance. We think it will make many investors millionaires!
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.