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Bitcoin Price Prediction: Is This The Bottom For BTC Price Hitting $100K In 2023?
Since November, Bitcoin prices have been trending sideways in the $16.5K to $17K range. Traders anticipate a slight upward move in Bitcoin price near Christmas. Analysts believe that Bitcoin price could experience an upside move close to Christmas. However, a Santa Claus rally to a move above $18K would be difficult at this time. Analysts and experts believe that there will be a huge bullish rally in 2023, with Bitcoin price reaching $100K. Bitcoin currently trades at $16,845. The current Bitcoin price is $16,845. The BTC price has risen just 1% over the past 24 hours. The price fluctuates more. Bitcoin Price can rally above $17K CredibleCrypto, a crypto analyst, predicted that Bitcoin’s price could rise to…
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Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
According to a Wall Street Journal report on Friday that cited a FTX spokesperson, the troubled cryptocurrency exchange FTX had fired three of its top executives. Gary Wang, co-founder, is one of the top-ranking managers who has been relieved from his duties. The other two managers who were fired are Nishad Singh, Engineering Director, and Caroline Ellison. Caroline Ellison was responsible for Alameda Research (the trading arm of the exchange), Reuters reported. Reuters noted that it didn’t receive an immediate response from FTX. FTX, valued at $32 million at its peak in this turbulent year was one of the most important global cryptocurrency exchanges. Several FTX entities applied to the U.S. Chapter 11 bankruptcy protection. According to…
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Bitcoin ATMs Increase in Number in Moscow, Russia
The Russian business newspaper Kommersant reported that there is a growing interest in cryptocurrency and the number of devices offering digital asset teller services has increased. There are currently several dozen bitcoin ATMs (BATMs), which are operating in the country despite the lackluster regulation. Moscow is the leader in new installations. According to Rusbit, one of the companies that made them, 14 new “cryptomats” have been installed in Moscow this year. This brings the total for the Russian Federation’s 52 units. Rusbit anticipates that this number will increase in 2023, given Russia’s population and territory. Many BATMs let users purchase one or more coins using cash or another non-cash payment method such as a credit…
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Bitcoin touches lowest level since December 2020 after Fed’s 75 bps hike
Bitcoin fell to its lowest point since December 2020 after the Federal Reserve’s (Fed. 75 basispoint interest rate rise. The price of Bitcoin fell nearly 2 percent in the last 24 hours. Now, the crypto market cap stands at $900 billion. It reached $1 trillion as of September 15. According to coinmarketcap, Bitcoin traded at $18,735, while Ethereum was at $11,272 as of 12 PM (IST). According to CoinDCX research, Bitcoin reacted with a 6.5 percent swing to the downside and bottomed at $18,600, while Ethereum plummeted from $1,393 directly after the announcement. In the past seven days Ethereum has dropped 22 percent. Since September 15, when the company announced that it had completed its upgrade to Merge, the fall has…
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Here’s How Many Wallets Is Needed For Bitcoin To Be An Inflation Hedge
Bitcoin’s most important selling point is its ability to beat inflation rates. It has been referred to as the “digital gold” because a large portion of the community believes that bitcoin is an inflation hedge better than any other asset. But not all bitcoin supporters believe that bitcoin is an inflation-hedge. Anthony Scaramuccci, CEO of Skybridge Capital is one of them. Here is what he thinks. We need more wallets Since its inception over a decade ago, bitcoin has seen a tremendous rise. It is no surprise that bitcoin is being compared with other assets that have been around longer. Gold, which was previously the preferred inflation hedge for investors, is one of them. However, BTC…