Brutal bear market causes Bitcoin and Ethereum to suffer as Big Eyes Coin enjoys presale success

Silvergate collapse and FTX crash had shaken the foundations of the crypto market, but the recent interest rate hike by the Federal Reserve has led to a disaster that may even move investors away from the world of cryptocurrencies. While Bitcoin (BTC) and Ethereum (ETH), the two pillars of the crypto edifice, seem to be crumbling, the new Big Eyes Coin (BIG) is reaching new heights with its pre-sale.

Bitcoin is suffering from severe impact

This week’s crash in crypto prices has caught investors off guard. According to Coinglass, Bitcoin (BTC) has suffered the most losses, with $112 million in the last 24 hours. With the Silvergate Collapse, it fell below $21K to hit a seven-week low, causing major concern for investors.

Given the fallout from Silvergate Capital, the environment continues to be tough for crypto. Bitcoin may therefore see further selling pressure in the coming time. In the last 24 hours, it posted $98 million in liquidations, 94% of which were long positions.

Ethereum continues to fall

Just like most cryptos in recent times, Ethereum (ETH) was also in the red. It was down over 7% despite being the second largest crypto by market cap. The severe price drop is also attributed to the York Attorney General’s office suing KuCoin. The lawsuit alleged that Ether is an exchange traded security, meaning KuCoin failed to register as a broker-dealer.

Ethereum hit a monthly low of $1,425 as the selloff set off a wave of long liquidations that totaled $73 million. Although Ethereum-based NFT company Yuga Labs launched an auction on March 7, which raised $16.4 million, it could not do much for the ongoing depreciation.

The Shanghai hard fork was also delayed by a month. Scheduled for April 2023 now, Ether prices are likely to remain volatile, as the hard fork is not going to bring much selling pressure.

Big Eyes Coins Vault Pin ensures pre-sale success

Big Eyes Coin (BIG) is making positive waves in Web3. This cute cat-themed currency is now in stage 12 of its presale, raising $31.29 million. With its unique offers and giveaways, this meme coin is winning hearts all over the crypto world.

As a community-driven coin, Big Eyes has always believed in keeping its members at the center of its universe. From the very beginning of the pre-sale, it has offered to win tokens in one way or another to the holders and helped them grow along with the coin. This time it brings the highly rewarding Vault Pin.

Vault Pin “819” can be used by investors before making a purchase on the Big Eyes website. It provides 5000% ROI like Loot Boxes, with multiple chances to win prizes worth up to $1 million.

• For $100 the user gets Saver Tin and can win up to $1000 worth of $BIG
• For $1000 the user gets the sweet box and can potentially win up to $10,000 $BIG
• For $5,000 the user gets the Kitty Vault and can possibly be rewarded up to $25,000 worth $BIG
• By spending $10,000, the user receives the Super Saiyan Box and has the chance to win up to $100,000 in $BIG tokens
• At $100,000, the user receives the Excali-Paw Chest and is rewarded up to a whopping $1 Million worth of $BIG!

Investors increase their chances of making BIG $ by spending more. Every pin entry is the doorway to get free Loot Boxes that provide huge rewards in a once-in-a-lifetime offer.

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