Bitcoin Price Prediction as $14 Billion Trading Volume Hits – Here’s Where BTC Heads Next
Bitcoins The price remained relatively stable, near $16,750 on December 22. The BTC/USD pair started trading at $16,845 and hit a high of $16,873 and a low of $16,800 on Thursday. BTC/USD is trading sideways due to low trading volume and volatility.
Twitter updates search function with BTC and ETH price indices
On December 21, the Twitter Business account added a new feature which is an improvement over “$Cashtags”. Twitter, the social networking site, has launched a new cryptocurrency tool that allows users to search the price of Bitcoin (BTC) and Ether (ETH) by simply typing their names or tickers in the search bar .
The account said that whenever a user tweets the symbol of a major stock, exchange-traded fund, or cryptocurrency with $ in front, they will see a hyperlink that will take them to the results of search which now contain price charts for these symbols. He also said that all you have to do to see the price chart is type in the ticker symbol of the stock or cryptocurrency you are interested in.
Twitter CEO Elon Musk teased the new feature shortly after it was announced, noting that it was “one of many product enhancements coming to Twitter Finance.”
At the time of writing, the only cryptocurrencies with price charts are BTC and ETH. On the other hand, Twitter Business plans to improve user experience and expand symbol coverage “in the coming weeks.”
Following the acquisition of Twitter by Elon Musk, the site took several crypto-friendly steps. The company intends to take these steps even further. These measures can benefit the cryptocurrency market and BTC/USD.
SBF in FBI custody as co-founder of FTX and CEO of Alameda pleads guilty to fraud
On Dec. 21, a US court announced that FTX co-founder Gary Wang and Caroline Elison, the former CEO of sister company Alameda Research, pleaded guilty to fraud charges and are cooperating with authorities in their investigating the dramatic fall of the crypto exchange.
Damian Williams, U.S. Attorney for the Southern District of New York (SDNY), announced the latest development in the FTX scandal in a statement late Wednesday.
Former FTX CEO Sam Bankman-Fried, he claimed, was in the custody of the Federal Bureau of Investigation (FBI). Also, after being deported from the Bahamas, he returned to the United States. The charges against the two were announced by the Department of Justice, the SEC and the CFTC, as SBF travels to the United States to respond to the allegations.
Lawyers for the Southern District of New York said charges were brought against the couple seeking their cooperation in their investigation into FTX’s disappearance. However, the SEC has now indicated that it will charge both for misleading FTX stock investors. The FTX bankruptcy was the latest in a string of notable bankruptcies in the cryptocurrency industry this year.
Contagion concerns have caused significant losses in BTC/USD and other cryptocurrencies over the past month. As a result, any news regarding the problematic exchange could impact the entire crypto industry.
The current Bitcoin price is $16,643 and the 24-hour trading volume is $15 billion. The BTC/USD pair has lost nearly 1% in the past 24 hours. The price of Bitcoin returned to the $16,700 trading range after falling to the $16,300 level. At the moment, Bitcoin’s immediate resistance level is above $16,800, and any closing price below this level may indicate a bearish trend.
Bitcoin’s immediate support level is $16,250 or $16,100; a bearish break of this level could expose BTC to $15,650.
According to the MACD and RSI indicators, there is currently a mixed bias in the market. The RSI indicates that the market is oversold, while the MACD indicates that there may be upward momentum. These conflicting signals can make it difficult to predict the direction of the market trend.
Finally, the closing of the candles below the 50-day simple moving average suggests that the downturn may continue.
Alternative cryptocurrencies with larger short-term gains
Cryptocurrencies have been trading sideways for several weeks, prompting some traders to consider alternatives with greater near-term potential. Here are some of the major pre-sales in the market, allowing investors to enter on the ground floor.
FightOut (FGHT) – Presale Launches
FightOut, a brand new Move-to-Earn (M2E) app and gym channel that aims to bring the fitness lifestyle to web3, has opened its pre-sale, and investors believe the project has the potential to transform the existing web3 M2E landscape.
Existing M2E apps, such as STEPN, only track steps and require expensive non-fungible token (NFT) purchases to participate, while FightOut takes a more holistic approach to tracking and rewarding its users for exercise and activity. and requires no costly buyouts.
FightOut FGHT tokens are currently selling at 60.06 USDT for 1 USDT, and interested investors are encouraged to act quickly to secure their tokens, with the pre-sale bringing in over $2.7 million in just a few days. The FightOut crypto ecosystem will be powered by the FGHT token.
Dash 2 Trade (D2T) – Presale enters its final phase
Those looking to invest in a promising crypto trading platform startup should consider Dash 2 Trade. With its unique features, the burgeoning social analytics and trading platform hopes to take the crypto trading space by storm. Trading signals, social sentiment and on-chain indicators, a pre-sale token rating system, a token list alert system, and a strategy backtesting tool are some of the features.
The Dash 2 Trade ecosystem will be powered by the D2T token, which users must purchase and hold to use the platform’s features. Dash 2 Trade is currently holding a token presale at heavily discounted prices, with sales recently exceeding $10.26 million.
The presales dashboard will be available soon, as the development team is currently ahead of schedule. The tokens are currently being sold for $0.0533 per token and will be listed on multiple centralized exchanges over the next month.
Calvaria (RIA) – Final presale phase now
In 2022, major blockchain-based games such as Axie Infinity lost significant traction. As a result, many investors interested in the cryptocurrency gambling space are looking for other options. Calvaria, a new battle card crypto game to win, could be a viable option.
Calvaria aims to increase crypto adoption by building a bridge between the real world and crypto, in the form of a fun and accessible crypto game. Calvaria’s RIA token pre-sale should be considered by investors.
Calvaria has now raised $2.51 million, with a crypto whale buying $97.5,000 earlier this month. The presale is coming to an end, with only 18% of the tokens remaining.
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