Bitcoin Price Prediction as $14 Billion Trading Volume Comes In – Here’s Where BTC is Headed Next

Bitcoin’s value remained comparatively steady, close to $16,750 on December 22. The BTC/USD pair started buying and selling at $16,845 and reached a excessive of $16,873 and a low of $16,800 on Thursday. The BTC/USD trades sideways resulting from low buying and selling quantity and volatility.

Twitter Updates Search Feature with BTC and ETH Price Index

On December 21, the Twitter Business account added a brand new function that is an enchancment over “$Cashtags.”  Twitter, the social networking web site, has launched a brand new cryptocurrency device that permits customers to lookup the value of Bitcoin (BTC) and Ether (ETH) by merely typing their names or tickers into the search bar.

The account said that each time a person tweets the image of a big inventory, exchange-traded fund, or cryptocurrency with $ in entrance of it, they may see a hyperlink that takes them to go looking outcomes that now include pricing graphs for these symbols. It additionally mentioned that every one you needed to do to see the value graph was sort within the ticker image for the inventory or cryptocurrency you have been thinking about.

Elon Musk, Twitter’s CEO, introduced the brand new function shortly after it was introduced, noting that it was “one in every of many product enhancements coming to monetary Twitter.”

At the time of writing, the one cryptocurrencies with value charts are BTC and ETH. On the opposite hand, Twitter Business anticipates enhancing the person expertise and increasing image protection “within the coming weeks.” 

Following Elon Musk’s acquisition of Twitter, the positioning made a number of crypto-friendly strikes. The firm intends to take these steps even additional. These measures might profit the cryptocurrency market and BTC/USD.

SBF in FBI Custody as FTX Co-founder and Alameda CEO Pleads Guilty to Fraud

On December 21, a US court docket introduced that FTX co-founder Gary Wang and Caroline Elison, the previous CEO of sister firm Alameda Research, pled responsible to fraud costs and are cooperating with authorities of their investigation of the crypto alternate’s dramatic fall from grace. 

Damian Williams, US Attorney for the Southern District of New York (SDNY), introduced the newest growth within the FTX scandal in an announcement on Wednesday night time. 

Former FTX CEO Sam Bankman-Fried, he claimed, was within the Federal Bureau of Investigation’s (FBI) custody. Furthermore, after being deported from the Bahamas, he returned to the United States. The accusations towards the 2 have been introduced by the Justice Department, SEC, and CFTC, as SBF travels to the United States to answer the allegations. 

Attorneys for the Southern District of New York said that costs had been filed towards the pair to realize cooperation of their investigation into FTX’s demise. However, the SEC has now indicated that it’ll cost the 2 for deceptive FTX inventory buyers. The chapter of FTX was the newest in a string of notable bankruptcies within the cryptocurrency trade this 12 months.

Concerns about contagion brought on important losses in BTC/USD and different cryptocurrencies over the past month. As a consequence, any information concerning the problematic alternate may influence the broader crypto sector.

Bitcoin Price 

Bitcoin’s current price is $16,643, and the 24-hour buying and selling quantity is $15 billion. The BTC/USD pair has misplaced practically 1% within the final 24 hours. Bitcoin’s value has recovered to the $16,700 buying and selling vary after falling to the $16,300 degree. For the time being, Bitcoin’s rapid resistance degree is above $16,800, and any closing costs under this degree might point out a bearish development. 

Bitcoin’s rapid assist degree is $16,250 or $16,100; a bearish break of this degree may expose BTC to $15,650.

Bitcoin Price Chart – Source: Tradingview

According to the MACD and RSI indicators, there is at the moment a combined bias available in the market. The RSI is indicating that the market is oversold, whereas the MACD signifies that there could also be upward momentum. These conflicting indicators might make it troublesome to foretell the path of the market development.

Finally, the closure of candles under the 50-day easy shifting common means that the downturn might proceed.

Alternative Cryptocurrencies with Greater Short-Term Gains

Cryptocurrencies have been buying and selling sideways for a number of weeks, prompting some merchants to think about alternate options with higher short-term potential. The following are among the market’s main presales, permitting buyers to get in on the bottom flooring.

FightOut (FGHT) – Presale Launches

FightOut, a brand-new move-to-earn (M2E) health app and gymnasium chain that goals to convey the health way of life to web3, has opened its pre-sale, and buyers imagine the undertaking has the potential to remodel the prevailing web3 M2E panorama. 

Existing M2E functions, such as STEPN, solely monitor steps and require costly non-fungible token (NFT) buy-ins to take part, whereas FightOut takes a extra holistic strategy to monitoring and rewarding its customers for his or her train and exercise and doesn’t require any costly buy-ins. 

FightOut’s FGHT tokens are at the moment promoting for 60.06 USDT per 1 USDT, and buyers are inspired to behave rapidly to safe their tokens, with the presale elevating over $2.7 million in just some days. The FightOut crypto ecosystem might be powered by the FGHT token.

Visit FightOut Now

Dash 2 Trade (D2T) – Presale Enters Final Stage

Those trying to spend money on a promising crypto buying and selling platform startup ought to contemplate Dash 2 Trade. With its distinctive options, the up-and-coming analytics and social buying and selling platform hope to take the crypto buying and selling area by storm. Trading indicators, social sentiment and on-chain indicators, a pre-sale token scoring system, a token itemizing alert system, and a method back-testing device are among the many options. 

Dash 2 Trade’s ecosystem might be powered by the D2T token, which customers should buy and hold with a view to use the platform’s options. Dash 2 Trade is at the moment holding a token pre-sale at closely discounted costs, with gross sales just lately exceeding $10.26 million. 

The pre-sale dashboard might be obtainable quickly, as the event crew is at the moment forward of schedule. Tokens are at the moment being bought for $0.0533 per token and might be listed on a number of centralized exchanges throughout the subsequent month.

Visit Dash 2 Trade here

Calvaria (RIA) – Final Presale Stage Now

In 2022, main blockchain-based video games such as Axie Infinity misplaced important traction. As a consequence, many buyers within the cryptocurrency gaming area are on the lookout for different choices. Calvaria, a brand new play-to-earn battle card crypto sport, could possibly be a viable choice. 

Calvaria goals to extend crypto adoption by constructing a bridge between the true world and crypto, within the type of a enjoyable and accessible crypto sport. Calvaria’s RIA token pre-sale needs to be thought-about by buyers. 

Calvaria has now raised $2.51 million, with a crypto whale buying $97.5K earlier this month. The presale is nearing the top, with solely 18% of the tokens remaining.

Visit Calvaria Now

Find The Best Price to Buy/Sell Cryptocurrency

Cryptocurrency Price Tracker – Source: Cryptonews

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About the Author: Daniel