The spike in the banking sector risk indicator also contributed to the positive trend in the market

Vault Pin For BIG Win! Big Eyes Coin Announces An Enticing Offer As Bitcoin Nears $25K Again

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Big Eyes Coin announced a new exciting offer as the cryptocurrencies recover from the crypto market crash. In the past 14 days, everything from the subsequent collapse of crypto-friendly banks to the US federal reserve’s plan to raise interest rates has affected the crypto market and forced it to trade in the red. But since Sunday, the market has reversed its trend to trade in the green after the US government intervened to ensure the depositors of their money.

Two Reasons Behind Bitcoin's Price Rally To $25K

Two weeks ago when BTC investors were hoping for it to breach the $25K mark for the second time this year, the value suddenly collapsed and dropped below $23K. The reason revealed itself within a few hours. California-based crypto-friendly bank Silvergate openly declared its insolvency crisis in a letter written to the US Securities and Exchange Commission. Before the market could recover from the crash, the Silvergate Bank dropped another bomb, announcing voluntary liquidation. Nearly 70 billion dollars were wiped from the crypto market on that day and Bitcoin price slumped below $20K. 

Big Eyes Coin

The following day another California-based bank called Silicon Valley Bank’s insolvency crisis came to light threatening to destroy not only the crypto market but the traditional market as well. But the US government intervened to save the market before the SVB collapse hit it. President Joe Biden tweeted a post assuring the depositors of access to their money. He also assured to strengthen the rules and regulations to prevent such bank failures in the future. His tweet boosted the investors' confidence which is reflected in the crypto market as well.  

On Monday, bitcoin started its day trading at $21K. After Biden’s assurance, it rose to 24,000 dollars. At the time of writing the bitcoin was trading at above $24,500K rallying to breach $25K.

Bitcoin

The spike in the banking sector risk indicator also contributed to the positive trend in the market. According to a data source from the Macromicro site, FRA (Forward Rate Agreement) and OIS (Overnight Index Swap rate) spread, an index to measure how much it costs banks to borrow US dollars from each other, surged to 54.00, the highest since March 2020. It indicates the difficulties in the interbank lending market that could cause greater liquidity risk and result in an insolvency crisis. Therefore, the sharp rise in the FRA and OIS spreads is expected to force the US Fed to pause the rate hike cycle next week.

Vault Pin For BIG Win

As the market enjoys a positive trend, the newcomer Big Eyes Coin announced a new enticing offer to encourage investors. The presale of this cat-themed meme coin was rolled out in 2022 with the goal of saving the oceans and shifting wealth into the DeFi System.  

The Big Eyes Coin is built on the Ethereum blockchain that has recently switched to proof of stake protocol to reduce the carbon footprint in the environment. The Big Eyes Coin ecosystem is powered by its native token called BIG which is being sold out in the presale. In the 12th stage of the presale, Big Eyes Coin raised more than 31.5 million dollars. To boost the presale the Big Eyes Coin recently released Loot Boxes that could make an investor a millionaire in a single spin.

Big Eyes Coin

So far, the Big Eyes Coin has rolled out 5 loot boxes that cost from 9.99 dollars to 9,999 dollars. The investors will have to pay in advance to open these loot boxes. The saver Tin Box costs $9.99 and includes BIG tokens worth up to $500. The Cute Box consisting of BIG tokens worth up to $5K costs $99 to open. The Kitty Vault costs $499 to open and includes BIG tokens worth $25K. Investors who buy The Super Saiyan Box for $999 could win BIG tokens worth up to $100K. Last but not least, the Excali-Paw Chest Box which costs $9,999 to open allows investors to become a millionaire in a single spin. The box includes a BIG token worth up to one million dollars.  

It is worth mentioning that all these loot boxes are designed in a way not to cause any loss to the investors. 

Users who invest more than $100 in Big Eyes Coin can also earn these loot boxes for free by using vault pin 300. Investors who spend $100 on buying BIG tokens will be rewarded with 3 Saver Tins. If you spend $200, you can get 6 saver tins. Those who spend $1,000 on purchasing Big Tokens will be rewarded with three cute boxes. A user with a $10,000 investment can earn 3 Super Saiyan loot boxes for free.

Big Eyes Coin

Find Out More About Big Eyes Coin (BIG):

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL