Crypto Sell-Off: Binance, Coinbase, Dump Over $2 Billion In Bitcoin As Prices Dip Below $90,000 — Why Digitap ($TAP) is the Best Crypto to Buy Now

Last Friday saw a major selloff in crypto. Binance and Coinbase both ended up dumping a significant portion of BTC holdings. Traditional asset managers such as Fidelity Investments joined the frenzy, culminating in Bitcoin falling below its $90,000 support level.

Even though Bitcoin has recovered to around $92K since then, investors remain wary of short-term volatility. Many now think that Digitap ($TAP) is the top altcoin to buy after it saw a price increase even during the October market crash.

Institutional Selloff Raises Investor Concerns Over Bitcoin Price

Over the last month, Bitcoin’s price has been moving between $85K and $ 93 K. Bitcoin has a major support level at $90K and a major resistance level at $95K. It is widely believed that Bitcoin will be able to cross the six-figure mark once it surpasses $95K.

Bitcoin currently has a 30-day simple moving average of $93,459 and an exponential moving average of $97,230. When coupled with a neutral RSI of 48, it seems that Bitcoin’s recovery is not expected in the short term.

Many large holders of the coin seem to echo this sentiment. Bitcoin was beginning to test its support levels last week, but fell below the $90K mark after a huge institutional selloff. Both crypto and traditional asset managers sold large amounts of Bitcoin, with the biggest sellers as follows:

• Coinbase sold 5,675 BTC.
• Binance sold 4,000 BTC.
• Strategy sold 3,823 BTC.
• Fidelity sold 3,288 BTC.
• Wintermute sold 1,793 BTC.

Despite the selloff, it is important to remember that most of the aforementioned institutions’ balance sheets still hold large amounts of BTC. Coinbase, Binance, and Strategy are among the largest holders of the asset. This indicates that the selloff was probably due to short-term capital requirements rather than a loss of faith in the asset.

Digitap Emerges as a Top Crypto to Buy During Uncertain Times

Digitap’s crypto presale has been drawing attention away from major coins during the last few weeks. While BTC and other altcoins struggled after the October crash, Digitap’s price has risen twice. This means that early adopters of Digitap have now seen a 160% return already.

Digitap is the world’s first omnibank. It has a multi-rail architecture that links crypto and fiat payment ecosystems in a single app. With Digitap, users get access to both a multi-chain wallet and an offshore bank account. The two of them can be used to send crypto payments across the world.

Users also have access to a Visa card that can be used at over 150 million merchants worldwide. The card will automatically convert crypto to fiat at the time of purchase to ensure a seamless payment experience. The card is also compatible with both Google and Apple Pay, allowing users to pay through a phone tap.
With Bitcoin’s recovery uncertain, many investors are beginning to think that Digitap is the best altcoin to buy in the current market conditions. As a presale, it has a lot more value that can potentially be unlocked. And with its focus on both crypto and fiat banking systems, Digitap’s target market is virtually limitless.

Digitap’s Crypto Presale Goes Into Overdrive as BTC Investors Switch

Quite a few investors have decided not to wait for market conditions to improve and have already switched to Digitap. With over 140 million tokens sold so far, the Digitap crypto presale has managed to raise over $2.3 million.

A key reason why investors believe Digitap is the top crypto to buy right now has been its focus on long-term viability. The development team has confirmed that half of all Digitap profits are used to burn $TAP and reward stakers. With a constantly diminishing supply, there should be a constant upward pressure on Digitap’s price.

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With two price increases already under its belt since October, it is expected that Digitap’s price will rise from $0.0361 to $0.0371 sometime over the next week. Smart investors are looking to invest before the price increase occurs. The post-launch price has also been confirmed at $0.14, meaning Digitap tokens are currently being sold at a 74.21% discount.

Discover how Digitap is unifying cash and crypto by checking out their project here:

Presale: https://presale.digitap.app

Website: https://digitap.app 

Social: https://linktr.ee/digitap.app 

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