.png){kind=logo}
The broader cryptoland celebrates the US Thanksgiving in a gloomy tone this year, with Bitcoin (BTC) and Ethereum (ETH) dropping to their support levels.
Bitcoin (BTC) bottomed to its lowest level since 2020 and aroused more questions about the future of crypto investing.
Fearing more drops, investors quickly disposed of their crypto majors for the presale token The Hideaways (HDWY) which topped headlines following the successful sale of 50% of its presale holdings in the week of the FTX crash.
It looks like Bitcoin (BTC) is not celebrating Thanksgiving with a turkey on the table after falling to its lowest settlement since 2020.
The crypto major traded at $15,817.00, a two-year low, after analysts warned of further bankruptcy declarations from the FTX spillovers. It lost a big market share to The Hideaways (HDWY) – a presale token taking over crypto headlines lately.
Nevertheless, the price managed to bounce back to $16,000.00 shortly after. Bitcoin (BTC) now exchanges hands at $16,522.40 after a 4% hike during the session.
Despite the recent bounceback, the latest insider data shows 51% of Bitcoin (BTC)'s HODLers are nursing losses.
In a more detailed look, nearly 25 million out of 48 million Bitcoin (BTC) addresses are on a negative ROI, meaning current BTC prices are higher than the price they paid for when they entered the trade.
Moreover, only 4% are at a breakeven while the remaining 45% are at a profit. Investors at a loss have started migrating their holdings to other high-potential tokens, particularly to The Hideaways (HDWY).
Bitcoin (BTC)'s daily chart has consolidated a bearish penchant pattern – there will be more lukewarm sessions ahead.
The Hideaways (HDWY) enters Thanksgiving with a festive mood after raking Bitcoin (BTC) holders' attention.
The new crypto project sold 50% of its presale tokens in the wake of the FTX collapse which put it on the list of the most-watched cryptocurrencies last week.
Top analysts rated The Hideaways (HDWY) with "STRONG BUY" after its recent winning streak. With a selling price of only $0.10, you have nothing to lose.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
