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Bitcoin Price Prediction – Can BTC Recover to $60,000 in 2023?

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Bitcoin price prediction Although still bearish, the double bottom support level could break the downtrend near $16,570. On December 28, BTC/USD opened at his $16,719 with highs and lows reaching $16,586.00 and his $16,759.00 respectively. The BTC/USD pair is currently trading at $16,673, down 0.92% in 24 hours.

Moreover, its value fell by more than 1.5% last week.

Kraken leaves Japan for the second time

US-based cryptocurrency exchange Kraken announced on December 28 that it will suspend operations in Japan next month, citing the current market conditions in Japan and the poor performance of the global cryptocurrency market.

According to Kraken, as of January 31, the Financial Services Agency (JFSA) will no longer recognize Kraken as a financial services provider. Therefore, customers must withdraw their fiat currency and virtual currency holdings by that date. According to Kraken, the exchange is “sufficiently funded to ensure that all affected customers can withdraw their assets in a timely manner.”

He also advised clients to sell their holdings of fiat and cryptocurrencies. Kraken ceased operations in Japan in 2018, citing increased operating costs. Two years later, the company was relaunched with its headquarters in Tokyo.

Additionally, just days before making its statement, Kraken announced plans to lay off 1,100 employees as part of a sector-wide recession following the demise of FTX and its founder Sam Bankman-Fried. As a result of deteriorating market conditions, the company announced his 30% cut in staff.

Cryptocurrencies will plummet in value in 2022, with BTC/USD losing about two-thirds of its value since the beginning of the year.

Agro suspends trading due to bankruptcy concerns

According to a December 27 press release, Bitcoin mining company Argo Blockchain’s American Depositary Shares (ADS) are no longer tradable on the NASDAQ.

The company said it had to halt trading due to the December 28th announcement and the London Stock Exchange holiday on December 27th. Agro Blockchain has announced that it will resume operations on December 28th.

The announcement comes after the company has faced financial difficulties and speculation of bankruptcy as a result of rising energy prices and falling Bitcoin prices. A mining company is experiencing financial difficulties as a result of rising energy prices and a fall in the value of his BTC/USD.

Hal Finney’s Wife Announces Bitcoin Charity Event

Hal Finney’s wife, Fran Finney, organized a fundraising event for those suffering from Amyotrophic Lateral Sclerosis (ALS). Addressing the event on her Twitter on Dec. 27, Finney announced that she will run a half marathon between Jan. 1, 2023 and his Jan. 10 to raise funds to fight cancer. and encouraged his Bitcoin users to post their experiences on his social media.

Fran Finney announced the news on Hal Finney’s official Twitter account. She had previously reactivated her account to prevent it from being deleted by her Twitter. The Golden West chapter of the ALS Association is working with “Running His Bitcoin,” named after Hull Finney’s first Bitcoin Twitter post just days after it went public in 2009. .

This organization provides educational resources and equipment rentals to ALS patients. The organization hopes to monetize the event by giving certain contributors an official running her bitcoin t-shirt and a rare Halfini collection.

Hal Finney was an avid runner until he was diagnosed with ALS in August 2009. He battled the disease for several years before being cryopreserved in 2014. Hal Finney is a favorite among Bitcoin holders. Such charities can also increase interest and value in BTC/USD.

bitcoin price

Bitcoin It is currently valued at $16,619 with a 24-hour trading volume of $15 billion. Today, the BTC/USD pair is down 0.30% towards the $16,500 support level. With a current market capitalization of $319 billion, CoinMarketCap is currently number one. There are 21,000,000 BTC coins in circulation, with a total supply of 21,000,000 BTC coins.

Bitcoin Price Chart – Source: Tradingview

Bitcoin has broken out of the ascending triangle pattern that has held the coin at $16,730.On the downside, Bitcoin’s immediate support is at $16,560. As selling pressure intensifies, the drop could push him to $16,300. A bearish break at this level could expose BTC to $15,650.

On the plus side, Bitcoin’s immediate resistance remains at $16,750, and a bullish crossover above that level could expose BTC to $16,920 or $17,000.

Highly profitable cryptocurrency

Given the market’s risk-off sentiment, traders are looking for alternatives with better short-term prospects. Investors get early access to the largest presale on the market.

Fight Out (FGHT)

of fight out The (FGHT) platform works similarly to a personal trainer, except that FGHT tokens are actively rewarded for exercise time. All activity is recorded and can be used to improve your Metaverse avatar stats. Earning FGHT tokens provides additional incentives for people to stay healthy and exercise while benefiting from blockchain technology.

Fight Out has been successful and attracting investors despite the overall lack of liquidity in the cryptocurrency market. It has already raised over $2.4 million through its token sale that started last week. The current selling price is $1 60.06 FGHT (FGHT can be purchased with ETH or USDT) and will increase as the sale progresses.

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Dash 2 Trade (D2T)

dash 2 trade is another Ethereum-based platform that offers real-time analytics and social trading data when it launches early next year. Trading signals, on-chain analytics, strategy building tools and news feeds are among the first features, helping both novice and experienced traders to come out on top in the volatile cryptocurrency market.

D2T token sale is Raised over $11 million is set to Finish in just 9 days, offering early investors a window of opportunity that closes rapidly. The altcoin was listed on his first exchange on January 11th, with LBANK Exchange, Changelly Pro and Bitmart confirmed as the first trading platforms to support it.

Visit Dash 2 to trade now

C+ Charge (CCHG)

C+ charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations based on Binance Chain. Starting in the second quarter of next year, the goal is to increase access to carbon credits by rewarding consumers for charging their EVs at terminals.

The fact that the platform has already reached an agreement with Perfect Solutions Turkey to add 20% of Turkey’s EV chargers to its network shows how quickly the platform can grow. . Currently, 1 CCHG is $0.013 and can be purchased with BNB or USDT.

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Find the best price to buy or sell cryptocurrencies

Cryptocurrency Price Tracker – Source: crypto news

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