Whats Happening as Bitcoin Price Prediction Coincides with Daily Trading Volume Dropping Below $5 Billion?

Whats Happening as Bitcoin Price Prediction Coincides with Daily Trading Volume Dropping Below $5 Billion?


The United States Monetary Authority Digital currency (CBDC) Still Far from Reality

The  United States is not yet next to implementing a monetary authority digital currency (CBDC), according to Attorney General William Barr. Speaking at a fintech conference, Barr expressed concerns about stablecoins denominated in USD and the  capacity dangers they pose to financial stability, monetary policy, and the United States payments system. Although while the Federal Reserve is actively researching blockchain technology and digital assets, including digital currencies and stablecoins, Barr made it clear that this does not mean a decision has been made on the next steps in payments system development. Regardless of CEO Jamie Dimon’s skepticism about digital currencies, JPMorgan continues  to embrace blockchain technology, which could impact market sentiment and discussions regarding the role of digital currencies in traditional finance.

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Bitcoin’s Most BULLISH Month is Here

Bitcoin (BTC) Price Prediction

Bitcoin (BTC) is as of now hovering just over the $26,000 mark, showing indications of a probable upward shift. Nonetheless, there is strong resistance at $26,500 that needs to be overcome. If Bitcoin (BTC) maintains a stance over this level, it might lead to a whole lot of upward movement towards $28,000. On the other hand, if it struggles to surpass the $26,500 threshold, a downward adjustment is possible, with support levels at $26,100 and $26,000. Breaking below these support zones could amplify bearish pressures, potentially pushing Bitcoin (BTC) towards $25,500 or even lower.

Top 15 Digital currencies to Watch in 2023

Stay up to date with the digital asset market by exploring our carefully curated list of the top 15 alternative digital currencies and ICO projects set to make waves in 2023. These digital currencies hold promise, and it’s critical to keep track of their developments and probable impact in the industry.

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Ethereum ETFs Set for US Debut as FTX Hacker’s Wallet Sparks Attention

Find the Best Price to Buy/Sell Cryptocurrency

Looking for the best prices to buy or sell cryptocurrency? Check out our digital currency price tracker to stay notified and make notified decisions. Stay ahead of market trends and find the optimal opportunities for buying or selling digital assets.

Hot Take

The United States government’s cautious approach towards implementing a monetary authority digital currency reflects the  capacity dangers and uncertainties associated with stablecoins. Although while blockchain technology continues  to win acceptance in traditional finance, future of the digital currencies like Bitcoin (BTC) remains uncertain. Investors and traders should closely monitor market trends and developments in the digital asset space to make notified decisions.

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Author – Contributor at | Website

Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.

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