With the bull market almost in full swing, many investors have been diversifying their portfolios, buying and HODLing more Bitcoin (BTC) and ETFSwap ($ETFS). This rise in demand and interest for the pioneer cryptocurrency is said to be fueled by the success of the Spot Bitcoin Exchange Traded Funds (ETFs) and the upcoming Bitcoin halving event in April.
Despite the immense growth experienced by the cryptocurrency, its value has unexpectedly plummeted, dropping below $70,000. The sudden decline has been attributed to a substantial Bitcoin (BTC) transaction executed by the United States government, sparking widespread speculation about a potential sell-off.
With speculation rife and possible Fear, Uncertainty, and Doubt (FUD) gripping the crypto market, many Bitcoin (BTC) investors and traders who experienced losses from the unexpected price decline are now seeking safer investment alternatives such as ETFSwap ($ETFS).
Unlike Bitcoin (BTC), $ETFS remains unaffected by prevailing market sentiment and conditions. The cryptocurrency is already seeing rapid adoption, with more than 5.4 million tokens sold in just the first stage of its presale.
US Government Confiscates Over 30,000 Bitcoin (BTC) Owned By Silk Road
Approximately 30,174 BTC worth $2 billion belonging to Silk Road, a digital black market platform, has been confiscated by the US government. Following the seizure of funds, a wallet said to belong to the government was found transferring a staggering amount of Bitcoin (BTC) to Coinbase, a crypto exchange.
Usually, when funds are transferred from a crypto wallet to a centralized exchange, it signifies a possible sell-off. As a result, concerns have been raised about the fate of Silk Road’s Bitcoin (BTC) and how a sell-off would impact the market.
At the time of writing, Bitcoin (BTC) was trading at 67,942, reflecting a 3.93% decrease over the past seven days, according to CoinMarketCap. The reason for this price drop has been linked to the US government’s transfer of Silk Road’s 30,174 BTC.
On March 8, when Bitcoin hit a record high of about $69,200, early-generation miners sold 1,000 BTC, causing the cryptocurrency’s price to plummet significantly. Due to Bitcoin’s tendency to decline during sell-off periods, the current situation with Silk Road’s BTC puts the market at a potential disadvantage.
This is why many investors are opting to diversify their portfolios with potentially lucrative cryptocurrencies, seeking safe havens in ETFSwap ($ETFS), an innovative token that has the potential to yield high returns for investors.
ETFSwap ($ETFS): A Safety Net From Market Volatility And Bearish Sentiment
Growing to become one of the most profitable asset classes in the cryptocurrency market, ETFSwap ($ETFS) offers benefits that other cryptocurrencies do not. With this Trade-to-Earn token, users can buy and trade Spot Bitcoin Exchange Traded Funds (ETFs), taking advantage of the cryptocurrency’s dedicated trading platform to enjoy major benefits.
Users will benefit from ETFSwap ($ETF) with no KYC restrictions and access seamless trading services and opportunities such as 10X leverage, advanced security and privacy features, and staking options.
This innovative token not only offers users direct access to ETFs, but also allows them to enjoy advanced trading capabilities derived from merging traditional finance with the Decentralized Finance (DeFi) realm.
With hundreds of investors scrambling for a chance to invest in this emerging token, the $ETFS user base is growing bigger, garnering the attention of traders and investors globally. The cryptocurrency’s presale is presently ongoing, with only 32 days left until it ends.
Investors can purchase ETFSwap ($ETFS) tokens at a modest price of $0.00854 during the first stage of the presale. However, by the second stage, the token’s price will increase to $0.01831.
Now is the best time to purchase this next-generation token, as experts believe ETFSwap ($ETFS) will become a great investment opportunity for investors seeking financial stability and sustainable growth.
For more information about the $ETFS Presale:
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