Paypal Halts UK Crypto Purchases, Expects Resumption in Early 2024

Paypal has temporarily suspended all cryptocurrency purchases in the UK due to recent regulatory changes. This has been a setback for BTC investors, especially after Robert Kiyosaki’s bullish prediction of Bitcoin surpassing $1 million. However, there is hope as Paypal plans to resume cryptocurrency services in the UK by early 2024.

BTC Fails to Rise Despite Positive $1M Prediction by Robert Kiyosaki Amidst Negative Market Sentiment

Robert Kiyosaki, author of Rich Dad Poor Dad, believes that Bitcoin could reach $1 million if the world economy crashes. He also predicts the rise of gold and silver prices during economic downturns. However, his remarks failed to bring positive momentum to BTC prices due to negative market sentiment caused by recent Binance FUD.

Bitcoin Price Prediction

Bitcoin is currently trading with a bearish bias around the $28,550 mark. Technical indicators suggest a dominant bearish sentiment in the market, but there is potential for a bullish correction around the $28,250 support level. Traders should closely monitor the $28,775 mark, as a trade below this level could intensify the bearish trend.

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Hot Take:

The temporary halt of cryptocurrency purchases by Paypal in the UK is a setback for BTC investors. However, the market sentiment remains negative, influenced by recent regulatory changes and the shutdown of Binance services. Traders should closely monitor Bitcoin’s price and technical indicators for potential bullish or bearish trends. Stay informed about the latest developments in the cryptocurrency market to make informed investment decisions.