Bitcoin Swings Back-And-Forth After Fed’s Interest Rate Hike – Ethereum Staring At Downward Correction, Big Eyes Coin Presale Hits $32.5 Million

The most recent increase in interest rates by the US Federal Reserve has rippled a downward momentum in the cryptocurrency industry and simultaneously raised fears it could add to the current financial turmoil triggered by a series of bank failures in the US and Europe.

The 0.25% interest rate hike is the US Federal Reserve's ninth consecutive rate hike which lifts its key interest rate from 4.75% to 5%, up from near zero a year ago – the highest level since 2007.

The cryptocurrency industry is being driven by market sentiment as Bitcoin (BTC), the industry's largest digital asset, dipped in daily trading after surging by roughly 40% since early March following the collapse of multiple banks in the US and Europe, which prompted depositors to withdraw their funds from banks and switch to digital currencies and Swiss lenders.

Ethereum (ETH), the second-largest cryptocurrency in the industry, also dipped in price prompted by a cloud of uncertainty over the global financial market, while in the meme coin space, Big Eyes Coin (BIG) was living up to its status of being the most exciting meme token in the market.

Bitcoin – March Madness Sends BTC Price on Roller Coaster Ride

In the aftermath of multiple banking failures in the US and Europe, Bitcoin (BTC) has been trading back and forth as its price hit lows of $19,628.25 and a high of $28,803.34 during 30 days caused by swaying confidence among investors who the SEC's crackdown has at times impacted on digital assets and otherwise preferring virtual currency following the banking turmoil.

At the time of writing, Bitcoin had slumped by 2.86% in the past 24 hours to trade at $27,052.01, while its weekly rally was broken with a downward correction of 2.05%.

Ethereum – ETH Staring at Decline to $1,500?

Ethereum (ETH) dipped below the $1,750 mark and continues at an hourly rate of 0.33%. The second-largest cryptocurrency even briefly dipped below the $1,700 mark to post a 7-day low of $1,690.52.

At the time of writing, Ethereum had dipped by 1.48% in the last 24 hours to trade at $1,726.08, while experts suggest that a break below the $1,685 support could push the price to $1,600 and failure by bulls to the support $1,600, ETH is staring at a sharp decline towards $1,500.

Big Eyes Coin – Cometh the Bulls, Cometh the BULLRUN250 Bonus Code

Big Eyes Coin (BIG) is the latest ERC-20 meme token powered by the Ethereum blockchain. The project is currently having its Initial Coin Offer (ICO), and since its launch, the cat-based meme token has been recognized as the most successful presale in recent crypto history.

The project's primary objective is to shift its community's wealth into the Decentralized Finance (DeFi) ecosystem while self-propagating using Non-Fungible Tokens (NFTs), which offer its holders access to more content and events.

In stage 12 of its presale, Big Eyes Coin has raised over $32.5 million in presale tokens and will launch live after reaching its $50 million presale target.

As the project's presale draws closer to its end as it plans to go live after stage 15, Big Eyes Coin wants to ensure that its community gets maximum returns during this period. Hence, Big Eyes Coin has launched the BULLRUN250 bonus code, which offers crypto users a massive 250% bonus when purchasing BIG tokens or Loot Boxes.

Big Eyes Coin Loot Boxes is the project's ongoing video game feature parallel to the BULLRUN250 bonus code, which offers its community a maximum ROI of 5000%. It features the Saver Tin, Cute Box, Kitty Vault, Super Saiyan Box, and Excali-Paw Master Chest, and each loot box carries a maximum return of $500, $5000, $25,000, $100,000, and $1,000,000 worth of BIG tokens, respectively.

So if a user enters the BULLRUN250 bonus code when purchasing a Cute Box loot box, the user will get a potential return of $5,000 plus $250 in BIG tokens.

We can see that while the use of cryptocurrency has seen overwhelming growth and popularity over the years, investors remain uncertain as the regulatory landscape surrounding the industry remains rather blurry as the heavy crackdown by the US Securities and Exchange Commission appears to take a heavy toll on digital currencies, creating challenges for investors and lenders alike.

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL