Silicon Valley Bank’s UK Arm Rescued After £1 Private Sell-Off To HSBC: Bitcoin & Ethereum Spike As Big Eyes Coin Continues Successful Presale

In a move seen as a major relief for the cryptocurrency industry, British authorities have facilitated a quick bailout for the crisis-hit Silicon Valley Bank’s UK arm with a private sector acquisition deal allowing HSBC to acquire the now collapsed US-based bank’s UK subsidiary for £1 ($1.2).

In a statement, UK Chancellor Jeremy Hunt said the government and the Bank of England had supervised the acquisition of the bank and confirmed that all customer deposits had been protected under the deal. The statement also highlighted that no taxpayer cash was involved in the bailout, and the deal is expected to ensure the security of about 3,000 customers holding £6.7 billion ($8.1 billion) of deposits.

The move has propelled the cryptocurrency industry as investor confidence boosted the global market cap to $1.10 trillion from a 3-month low of $912 billion last week. The jump was supported by Bitcoin (BTC) and Ethereum (ETC), the top two cryptocurrencies in the world, after their prices spiked by roughly 20% in the past 72 hours.

The current market volatility offers the perfect chance for new tokens like Big Eyes Coin (BIG) to stand out as a project that can weather all market trends as it carries the big potential for the next bull run and produce immense returns.

Bitcoin – New Investor Confidence Triggers Price Rally

After falling to a 30-day low of $19,628.25 last week, Bitcoin’s (BTC) price has risen by 13.03% on average in the last seven days to trade at $24,880.14 while indicating a 24-hour upward movement of 2.02%. 

Boosted by new investor confidence, Bitcoin's price even spiked above the $26,000 mark to trade at a new 90-day high of $26,514.72 before seeing a downside correction below the $25,500 level.

Experts suggest that the next major resistance on the upside is near the $26,500 level, which could trigger a rally to $28,000 and the next psychological level at $30,000.

Ethereum – Price Spike Registers New 90-Day High

Following a turbulent week that saw Ethereum’s (ETC) price collapse to $1,378.53, its lowest since January, the second most powerful cryptocurrency has recovered its losses by posting 9.97% growth since last week as it trades above the $1700 level for only the second time this year.

Having risen overnight by 2.27%, Ethereum was trading at $1,709.28. Ethereum briefly traded at $1,779.92, posting a new 90-day high before a 0.24% drop in hourly trading caused a minor reversal in ETH’s price.

Big Eyes Coin – 300% Loot Box Returns for $100

Big Eyes Coin (BIG) is a new Ethereum-powered meme token that, in a span of less than eight months since its presale launch, has become the most successful presale in recent crypto history. Big Eyes Coin is a community-owned ERC-20 token that has been KYC certified by CoinSniper and has its smart contract fully audited by Solidarity Finance.

The project’s Initial Coin Offer (ICO) is currently in stage 12 and has so far raised $31.61 million in presale tokens and will launch on the market after it completes stage 15 and reaches its target of $50 million presale tokens.

After launching at a price of $0.0001, a BIG token has risen by 390% in stage 12 to $0.00049, which hypothetically means that a purchase of $1000 worth of BIG tokens in stage 1 at $0.0001 would ensure a return of 10,000,000 BIG tokens while a similar purchase now would generate a return of 2,040,816 BIG tokens at launch. This means that the returns are lower as the presale progresses.

Now in its latest and biggest offer to date, Big Eyes Coin has launched the vault PIN ‘300’. How the PIN works is that when a purchase of $100 or more worth of BIG presale tokens or Big Eyes Coin Loot Boxes is made, and the ‘300’ PIN is used, a buyer gets 300% extra loot boxes.

Big Eyes Coin Loot Boxes are a video game feature that can be found during gameplay, earned as a reward, or paid for with real money. It features the Saver Tin, Cute Box, Kitty Vault, Super Saiyan Box, and Excali-Paw Master Chest, each carrying a maximum price of $500, $5000, $25,000, $100,000, and $1,000,000 worth of BIG tokens, respectively.

Find out more about Big Eyes Coin (BIG):

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL