Bitcoin Price Prediction – Was $15,500 the Bottom?
Following the rebound above $15,500, Bitcoin price prediction remains neutral during the European session. Since then, BTC has been trading in a narrow range of $16,350 to $16,750. The market's volatility is low this weekend, and thin trading keeps price action limited.
Was $15,500 the bottom? Let's find out.
Yes, it has happened again. One more cryptocurrency trading platform has decided to stop processing withdrawals, making it impossible for their customers to receive their funds.
Staking platform Freeway is at the center of this controversy since it claims that one of its trading techniques has tanked. This is why it has temporarily stopped processing withdrawals for customers.
In a statement, Freeway announced:
The trading strategy was executed as it was programmed, but the market volatility caused a spike in margin utilization leading to the loss.
For the past several months, this has been a recurrent theme in the cryptocurrency industry, though to be fair, this is the first time a corporation seems to be blaming itself for the outcome. One of Freeway's investment methods reportedly failed.
Most other instances of withdrawal halts have been justified by firms as necessary precautions against the continuous speculation and volatility in the markets. In one of the most prominent cases of a withdrawal freeze this year, users of Celsius, a cryptocurrency lending company that has been in the headlines for the past few weeks, saw their funds frozen.
When Celsius abruptly stopped withdrawals throughout the summer, the eyebrows of its customers and outside observers alike were raised in amazement and disgust.
But Celsius didn't stop there; it fanned the flames by announcing it would be filing for bankruptcy, shielding its
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