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Bitcoin and Ethereum Prices On Cusp of Igniting Sustainable Crypto Bull Run

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The crypto market is on the verge of igniting a sustainable bull market. Bitcoin and Ethereum are about to break new annual highs and could trigger a broader crypto market rally in the coming weeks.

Bitcoin continues its strong winning streak, jumping over 8.5% to $23,162. second largest cryptocurrency, ethereum (ETH) also gained significantly, up about 5% to $1,655.

Despite continued negative news from two major exchanges, Coinbase and Gemini, Bitcoin seems to be ignoring all the market turmoil this week.

Coinbase Under Fire: How Weak Security Practices Led To Massive Lawsuits

To protect against arbitration in a class action lawsuit against cryptocurrency exchange Coinbase, the investor group is keeping account details confidential.

They hope their case will eventually be heard in American courts. Customers claim that Coinbase’s security measures were not very good, leading to loss of funds. They also allege that Coinbase is trying to avoid compensating victims.

The plaintiff in the lawsuit illegally stole $6,000 of cryptocurrency funds from his wallet and moved it to an address that did not belong to him. He also claims Coinbase did nothing to stop the hacker who stole $1,000 from his bank account. Therefore, a large-scale lawsuit could affect the cryptocurrency market.

Investors Take Legal Action Against Gemini Exchange Over Fraud Allegations

In addition to Coinbase, Gemini is also in the limelight, slowing the rise of the cryptocurrency market. The class action lawsuit alleges that the corporation violates securities laws. The Earn Program, in which Gemini pays traders up to 7.4% interest, is at the heart of a lawsuit filed against the company and its founders in the US Southern District of New York.

Those who had already invested could not withdraw their money when the program stopped accepting investments in December 2022. The crash of the FTX market in late November brought the Earn program to a halt. That’s when founder Sam Bankman-Fried founded Alameda Research.

The company is said to have received $10 billion in digital client cash from FTX.

Genesis Global, an institutional crypto business that worked with Gemini, felt the effects of FTX’s decline. Max J. Hastings and Brendan Picha are the complainants. This answer asks whether Gemini has registered its assets as securities under US law.

Additionally, Genesis allegedly owes Gemini nearly $1 billion. On November 16, 2022, Genesis announced that all loan repayments would be delayed due to “FTX Issues.” In other words, the company cannot receive future financing. Therefore, a large-scale lawsuit could affect the cryptocurrency market.

bitcoin price

Bitcoinis currently priced at $23,240.65 with a daily trading volume of $35 billion. Bitcoin is up 7% in the last 24 hours, bringing its market capitalization to $447 billion. CoinMarketCap is currently number one.

Bitcoin is currently just below the $23,150 mark. On the daily timeframe, Bitcoin has formed a bullish candle, suggesting that the uptrend may continue.If Bitcoin breaks above $22,750, the $24,000 or $24,550 levels may target.

Bitcoin Price Chart – Source: Tradingview

On the downside, Bitcoin’s near-term support dominates at $22,500 and a further break below this level could expose it towards $21,550.

ethereum price

ethereumis at $1,654.74 in the last 24 hours with a trading volume of $10 billion. They are rated at 4% on the course of the last day.

CoinMarketCap, which provides live alerts for the cryptocurrency and token markets, currently ranks second for average daily trading volume

On January 21st, the ETH/USD pair is facing stiff resistance near $1,680. ETH price closed below the $1,680 resistance on December 22 with his blunder down a bearish gap near the $1,690 minor bullish candlestick.

Ethereum Price Chart – Source: Tradingview

If ETH is able to close the candlestick above this level, ETH price could reach $1,610 in the short term (albeit not very high).

Keep an eye on $1,610 and try not to close above this level. A potential buy trade could be seen if the trade closes above this level.

3 coins to watch out for during the presale: return them before everyone else does!

Investing in altcoins during the pre-sale stage is beneficial for investors who prepare and carry out proper research and recommendations. They will be able to take advantage of the potential of these coins.

Fight Out (FGHT)

fight out A convenient and cost-effective way to stay healthy. Purchasing FightOut tokens provides low-cost access to expert personal training services, allowing those on a tight budget to reap the benefits of exercise.

Despite being a new fitness app from Move2Earn’s strong feature lineup, what sets it apart from other M2E programs is its unique ability to track physical and mental fitness, along with NFT avatars and social competition features. Real-time tracking of users’ performance in Fight Out allows people to monitor and track their progress in strength, cardio endurance, and more.

As a user, you can also compete with friends of similar skill level. When you actually complete your goals, your avatar will level up like me. Earn rewards in preparation for battles with other users’ avatars.

Investors are choosing the Fight Out $FGHT cryptocurrency for its promising concept and impressive pre-sale bonuses that vary from 50% to more depending on the amount invested.

With partners such as LBank Labs, Cryptonews.com, Transak and BlockMedia Labs providing operational and financial support, the project is poised for success and has already raised over $3 million to date.

FGHT will be on sale for a limited time. If you are considering investing, act fast and take advantage of this opportunity.

Visit Fight Out Now

C+ Charge (CCHG)

C+ charge is launching a groundbreaking online payment system for electric vehicle (EV) owners. This will allow the user to convert the initial fee into credits that can be exchanged for carbon his credits. The ultimate goal is to significantly reduce greenhouse gas emissions from car travel.

The potential of this technology is completely game-changing and therefore has the power to completely transform the carbon credit market. This allows a wider range of companies to participate and increases the value of companies.

VCM is projected to reach $100 billion by 2030, making it a booming investment opportunity for businesses. C+Charge has raised over $344,000 in presales, indicating a strong demand for VCM.

Visit C+Charge Now

Metamasters Guild (MEMAG)

of Metamasters Guild It jumped from $200,000 to a staggering $550,000 in just a few days. This significant increase indicates a high level of public confidence in the company’s future growth and profitability. In Q3 2023, Meta Masters Guild will release its first mobile game.

The MEMAG network has been around for some time, allowing users to create and manage their own cryptocurrencies in addition to trading on public exchanges. We also develop games that allow users to earn rewards by playing, and games that use Web3, an Ethereum compatible system.

Currently, the MEMAG investment process begins with the purchase of $10 worth of MEMAG tokens. Participating in the presale will give you 1 token for just $0.01. Opportunities for early investors to participate are limited.

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Find the best price to buy or sell cryptocurrencies

Cryptocurrency Price Tracker – Source: crypto news

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