On the morning of this January 7, BTC consolidates just below the $17,000 level and the closing of the candles above $16,750 keeps the Bitcoin price forecast on the upside. At $16,947, Bitcoin is up 0.9% from yesterday at the same time. Tim Draper, a venture capitalist, was an investor who consistently bet on Bitcoin despite the major cryptocurrency dropping 60% in 2022.
Draper predicts that the value of Bitcoin could reach $250,000 over the next year. “Tim Draper had one of the most positive bitcoin predictions of 2022,” CNBC said, “predicting the token to be worth $250,000 by the end of the year.” Although the value of bitcoin reached about $70,000 in late 2021, it fell precipitously in 2022, prompting Draper to confirm his forecast for the following year.
Last year, Bitcoin followed the fall of stocks and bonds as rising inflation dampened investor enthusiasm for virtually all investment assets. Bitcoin price continued to decline after cryptocurrency exchange FTX went bankrupt. To date, however, Draper is staying true to his bold predictions for 2023.
US Department of Justice to Seize Robinhood’s FTX-Related Stock
During a court hearing into the bankruptcy of FTX in Delaware on Jan. 4, Seth Shapiro, a US Department of Justice attorney, said that the US government was in the process of seizing 56 million shares of Robinhood Markets. The shares are worth about $460 million and are linked to FTX founder Sam Bankman-Fried (SBF).
According to a filing Robinhood filed with the Securities and Exchange Commission (SEC) in May of last year, Bankman-Fried was the sole director and majority owner of the companyand Emergent Fidelity Technologies bought a 7.6% stake in the company.
FTX’s current management, Bankman-Fried, a specific creditor of FTX, and cryptocurrency lender Blockfi, which also filed for bankruptcy in November last year, have now contested ownership of Robinhood’s shares.
The new management of FTX asked the Delaware Bankruptcy Court to keep assets frozen until the court can address the concerns fairly for all creditors. This is due to multiple parties claiming Robinhood stock.
The the next court date is set for January 20, 2023 and the sitting judge set aside all day to focus on FTX, Robinhood stock, and any new developments in the case.
The cryptocurrency market has plummeted precipitously since FTX went bankrupt. Furthermore, any information about it can have a significant impact on the entire cryptocurrency and Bitcoin market.
The price of bitcoin
The current price of bitcoin is $16,947, with a trading volume of $13 billion in the last 24 hours. Bitcoin failed to clear the $17,000 psychological resistance level.
In the 4 hour time frame, BTC is positive due to an uptrend channel, therefore a close above $16,775 could trigger a retracement.
If Bitcoin falls below $16,775 today, it could drop to a price of $16,450, the next support level. Watch the $16,775 price action: if BTC continues to show a buying trend above this level, it could continue to rise for a few days.
Cryptocurrencies to follow to make profits
The global cryptocurrency market is uncertain, but some new cryptocurrencies are making headlines and are interesting to follow. Let’s explore the possibility to take advantage of it!
The Fight Out Platform (FGHT) works the same way as a sports personal trainer, except that the FGHT token is the reward given for exercise periods. All activity is logged and can be used to improve your metaverse avatar’s stats. The possibility of earn FGHT tokens adds yet another incentive for people to stay healthy and exercise while enjoying the benefits of blockchain technology.
Despite the general lack of liquidity in the cryptocurrency market, Fight Out has been successful and has attracted investors. Thanks to its token sale, which began last week, it already has it raised over $2.6 million. The current sale price is 60.06 FGHT for $1 (FGHT can be bought with ETH or USDT), but this will increase as the selloff progresses.
Click 2 Exchanges (D2T)
Dash 2 Trade is another Ethereum-based platform than on it launch early next year, will provide real-time analytics and social trading data. Trading signals, on-chain analysis, strategy building tools and news feed will be among its initial features, helping new and experienced traders to follow the volatile cryptocurrency market.
The The D2T token sale raised over $13.4 million and is expected to close tomorrow, providing early investors with a window of opportunity that will close quickly. On January 11, the altcoin will be listed on its first tradewith LBANK Exchange, Changelly Pro and Bitmart confirmed as the first trading platforms to support it.
To accommodate those who may have missed their initial investment window, the Dash 2 Trade team has decided to hold a 5th stage (or “overfunding round”) of the presale during which Another 36,000,000 tokens will be sold at a price of $0.0556. to raise another $2,001,600.
D2T is overfunded at a price 4% higher than its previous price of $0.0533. The current fundraising total for the project is $15,421,600.
C+Load (CCHG) is a Binance Chain-based peer-to-peer payment system for electric vehicle charging stations (VE). Its goal, which is expected to kick off in the second quarter of next year, is to increase access to carbon credits by rewarding consumers for charging their electric vehicles at its terminals.
The platform has already struck a deal with Perfect Solutions Turkey, which will add 20% of Turkey’s electric vehicle chargers to its network, indicating how quickly it could grow. 1 CCHG currently sells for $0.013 and can be purchased with BNB or USDT. The pre-sale has already raised over $90,600.