Bitcoin Crypto Market Watch: Why is Bitcoin Price Down Today?

• Bitcoin price has edged 2 percent lower today to trade around $23.4k on Friday.
• The 50 and 200 WMAs have acted as a support line for the past ten-plus years and would turn to a resistance line if the death cross occurs.
• Bitcoin Market Under Macroeconomic Influence, with more high-impact news expected from the United States later today on the unemployment rate, more volatility is expected in the crypto market during the weekend.

Technical Analysis of Bitcoin Price Drop

Bitcoin bulls should be extremely careful with the death cross which entails the 50 and 200 WMAs not to happen for the first time since its inception. Furthermore, after retesting $24k twice on the four-hour time frame, the RSI indicator has formed a falling divergence that most often leads to a price dump.

Expert Opinion on Bitcoin Bull Run

Popular crypto analyst Rekt Capital thinks Bitcoin will break macro downtrend next month or in April. Moreover, on-chain data shows that miners have reduced their sell pressure after taking profits in past few weeks whereas whales continue to accumulate more Sats irrespective of price volatility.

Correlation Between Global Markets and Bitcoin

By now it is safe to say that there exists significant correlation between bitcoin price and global market indexes due to high institutional adoption and crypto regulations. During last few days bitcoin prices reacted positively to high impact news from Fed statement regarding interest rates as US Dollar exhibited weakness pushing BTC towards $24K mark.

Volatility Expected During Weekends

With more high impact news expected from US later today regarding unemployment rate, more volatility is expected in crypto market during weekends which may push BTC prices up or down depending upon economic conditions prevailing globally at that point of time.

• Blockchain technology is revolutionizing the way we store and transfer data, making it more secure, transparent, and efficient.
• There are four main types of blockchain networks: public, private, consortium, and hybrid networks.
• Each type of blockchain network has its own features, benefits, and potential applications, so it is important to choose the right one for your project.

Blockchain technology is revolutionizing the way we store and transfer data, making it more secure, transparent, and efficient. It has become increasingly popular in recent years since it can be successfully implemented in a variety of projects – from creating new digital currencies to facilitating smart contracts to enabling a wide range of applications.

But what exactly is blockchain? What are the different types of blockchain networks? In this guide, we will provide an overview of the major types of blockchains – public, private, consortium, and hybrid networks – how they work and their potential applications. Additionally, we will explore their features and discuss the benefits of each type of network so that you can make an informed decision when selecting a blockchain solution for your needs.

At its core, a blockchain is a distributed digital ledger that records transactions in a secure, tamper-proof manner. It consists of a growing list of blocks, each of which contains a timestamp and transaction data. The blocks are linked together using cryptography, and each block contains a reference to the previous one, creating a chain. This structure makes it difficult for anyone to alter or delete data in the blockchain.

The four main types of blockchain networks are public, private, consortium, and hybrid networks.

A public blockchain is a permissionless network that anyone can join. These networks are open source and accessible to everyone, and they are usually associated with cryptocurrencies such as Bitcoin and Ethereum. A public blockchain is secure and transparent, meaning everyone can view the transactions that are taking place.

A private blockchain is a permissioned network, meaning only authorized participants can join. These networks are typically used for enterprise solutions, where the data is kept secure and not available to the public. Private blockchains are more efficient than public blockchains, as they are typically faster and more scalable.

A consortium blockchain is a permissioned network that is managed by a group of members. These networks are typically used for business transactions, as they are more secure and reliable than public blockchains. Consortium blockchains can be used for a variety of applications, such as voting and smart contracts.

Finally, a hybrid blockchain is a combination of public and private blockchains. These networks provide the benefits of both public and private blockchains, allowing users to enjoy the high levels of security and privacy of a private blockchain while also benefiting from the transparency and decentralization of a public blockchain.

Each type of blockchain network has its own features, benefits, and potential applications, so it is important to choose the right one for your project. Public blockchains are great for projects that require transparency and decentralization, while private blockchains are better suited for projects that require secure data storage and privacy. Consortium blockchains are great for business transactions, while hybrid blockchains offer the best of both worlds.

In conclusion, understanding the different types of blockchain networks is essential for selecting the right blockchain solution for your project. Each type of blockchain network has its own features and benefits, so it is important to consider your project’s goals and requirements before selecting a blockchain network.

• Shiba INU (SHIB) price is climbing towards the north despite the current turbulence in the crypto sphere.
• Despite the Whales dump on Shiba INU, the price continues to display enough strength and high probability to go long very soon.
• The crypto markets continue to trade under a bullish influence despite another bankruptcy struck-in.

The crypto markets have been quite active lately with the Bitcoin price continuing to trade close to the crucial levels around $21,000. As prices of the leading cryptocurrency have stayed strong, other major altcoins have also managed to remain resilient despite some turbulence. One such altcoin that has managed to stay afloat is Shiba INU (SHIB).

Today, SHIB is showing positive momentum and is climbing towards the north despite the current turbulence in the crypto sphere. This is quite remarkable considering that the whales have been dumping massive amounts of tokens worth $5.1 million in a single transaction. Despite this, SHIB prices continue to trade above the gained levels of around $0.000011.

The strong performance of SHIB can be attributed to the recent Shibarium network update which has propelled the coin to new heights. In addition to this, SHIB is also the most-held token by the top 100 Ethereum whales, which could be another factor behind the coin’s strong performance.

Despite the current pullback, SHIB prices continue to hover within the ascending rising channel formation, displaying enough strength for the bulls to hold the selling pressure. This is a positive sign for SHIB and could be indicative of further upside potential.

Overall, the crypto markets continue to trade under a bullish influence despite another bankruptcy struck-in. This is a positive sign for the future of cryptocurrencies and could be indicative of further upside potential in the near future. With SHIB prices continuing to stay afloat, investors should watch out for more positive signals from the crypto sphere.

• The Bitcoin price has risen beyond $19,000, as the aftermath of the US CPI rate led to a break in the pivotal resistance.
• The bulls appear to be in control of the market and the bearish events may not be sufficient to push the prices down to 4-digit figures.
• Popular analyst Plan B has now acknowledged that the Bull Market is in its early stages and the BTC-Halving in 2024 may increase the price to beyond $32,000.

The crypto markets have been quite volatile in the past few months, but the performance of Bitcoin has been overwhelming. After suffering major losses in 2022 due to the FTX collapse, the Bitcoin price has skyrocketed and pierced through the pivotal resistance at $19,000. This was largely attributed to the US CPI rate, which had an overall impact on the crypto markets. Following this, the bulls gained control of the market and appear to be in no mood to give up their positions in the near-term.

Despite the bearish events that have occurred throughout the year, the probability of the Bitcoin price dropping to 4-digit figures appears to be quite low. Popular analyst Plan B, who was previously stuck up with his prediction, has now acknowledged that the Bull Market is in its early stages. He also added that the BTC-Halving in 2024 could further propel the price to beyond $32,000.

The crypto markets are expected to remain quite volatile in the coming days, with the bulls looking to reclaim the levels above $20,000. Meanwhile, the bears may try to defend their positions, but the bullish momentum appears to be gaining pace and may make it difficult for them to sustain their positions. This could be further strengthened if the Bitcoin price manages to stay above the $19,000 level and make a consistent move towards $20,000.

Overall, the crypto markets appear to be undergoing a massive transformation and the Bitcoin price is expected to reach new heights in the coming days. Investors may consider investing in Bitcoin and other cryptos if they believe that the Bull Market is still in its early stages and the BTC-Halving in 2024 may lead to a further surge in the price.

• Fox Business journalist Charles Gasparino shared his thoughts on the worst-case scenario if Ripple loses to the SEC in a tweet.
• He believes that if Ripple is unsuccessful in their legal challenge, SEC head Gary Gensler would target Ethereum for its sales, potentially crippling two of the most promising cryptographic systems.
• He raised the question of why the SEC is giving more attention to the XRP case than the FTX case.

The United States Securities and Exchange Commission (SEC) has been focusing heavily on its legal battle against Ripple, with the expectation of a summary judgment being made soon. This has left many in the cryptocurrency community hoping that Ripple will prevail in the case, however, there is still the possibility that the SEC could win. Fox Business journalist Charles Gasparino recently shared his thoughts on the worst-case scenario if Ripple were to lose their case against the SEC in a tweet posted on January 5, 2023.

Gasparino began by stating that if Ripple is unsuccessful in their legal challenge, SEC head Gary Gensler would very certainly initiate an assault on Ethereum due to the cryptocurrency’s sales. This, according to the reporter, would have the potential to render two of the most promising cryptographic systems useless. He went on to say that the majority of cryptocurrencies now available on the market are not backed by anything, making the technologies from Ripple and Ethereum crucial.

Despite Gasparino saying he’s reviewing the Ripple vs. SEC case in detail, he questioned why the commission was giving more attention to the XRP case than the FTX case. This is a valid point to raise, as there is no clear indication as to why the two cases are being treated differently by the SEC.

The outcome of the Ripple vs. SEC case is yet to be determined, however, it is clear that the potential consequences of a Ripple loss could be catastrophic for the world of cryptocurrency. If Ripple were to lose, it could set a precedent for other cases against cryptocurrency companies, and potentially lead to a ‘domino effect’ of cases against other projects. If Ripple wins, however, it could be a huge victory for the cryptocurrency industry, and could open the door to a more lenient stance from the SEC towards the industry.

• Bitcoin price is currently hovering around $16,825, which is close to recording the first bearish candle of 2023.
• With the crypto space gaining attention, the regulators may also be run behind tokens which is believed to assist the BTC price rally in the coming days.
• After maintaining three consecutive bullish candles, Bitcoin price is believed to ignite a major upswing that may pave way for the asset to clinch new highs in the coming days.

The price of Bitcoin (BTC) is currently displaying an extended consolidation and appears to be accumulating strength to ignite a firm upswing very soon. After maintaining three consecutive bullish candles, Bitcoin price is close to recording the first bearish candle of 2023 as the selling pressure has accumulated to some extent. The BTC price which is currently hovering around $16,825, is believed to ignite a major upswing that may pave way for the asset to clinch new highs in the coming days.

As the crypto space gains attention, the regulators may also be running behind tokens which is believed to assist the BTC price rally in the coming days. After the recent bull run, the BTC price has raised above crucial resistance at $16,750 but failed to reach $17,000 and experienced a minor rejection. The present scenario suggests that the asset is in the process of accumulation, and a sustainable upswing may be on the cards.

The current market sentiment is quite bullish and investors are hopeful that the BTC price may witness an extended rally in the coming days. The asset has been exhibiting an extended consolidation and is believed to be accumulating strength to ignite a firm upswing in the near future. The BTC price is currently trading above the $16,800 resistance and is expected to breach the $17,000 level in the coming days.

The current market situation is quite promising and investors are confident that the BTC price may witness a sharp rally in the coming days. With the crypto space gaining attention, the regulators may also be running behind tokens which is believed to assist the BTC price rally. The present market scenario suggests that the asset is in the process of accumulation, and a sustainable upswing may be on the cards.

It is also important to note that the current market momentum is quite strong and the BTC price is expected to breach the $18,000 level in the coming days. The asset has been exhibiting an extended consolidation and is believed to be accumulating strength to ignite a firm upswing in the near future. The current market sentiment is quite upbeat and investors are hopeful that the BTC price may witness an extended rally in the coming days.

All in all, the current market scenario suggests that Bitcoin is in the process of accumulation and is expected to witness a sharp rally in the coming days. The asset has been exhibiting an extended consolidation and is believed to be accumulating strength to ignite a firm upswing in the near future. With the crypto space gaining attention, the regulators may also be running behind tokens which is believed to assist the BTC price rally. The present market situation is quite promising and investors are confident that the BTC price may witness a sharp rally in the coming days.

• Former FTX Lawyer Daniel Friedberg has agreed to assist in investigations of the company’s collapse.
• The Manhattan US Attorney’s Office has formed the FTX Task Force to investigate and seek recovery of assets for victims.
• The cooperation of Daniel Friedberg has increased pressure on FTX founder Sam Bankman-Fried, who is currently under house arrest.

The former lawyer of bankrupt FTX, Daniel Friedberg, has agreed to provide confidential information to the US prosecutors as they investigate the company’s collapse. This follows the announcement made by the Manhattan US Attorney’s Office on January 3, to form the FTX Task Force to investigate and seek recovery of assets for the victims in the FTX case.

The cooperation of Daniel Friedberg with the US attorney has increased the pressure on FTX founder Sam Bankman-Fried, who is currently under house arrest at his parents‘ home. According to Reuters, Daniel provided details of FTX during a meeting on November 22 with the US Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the US Commodity Futures Trading Commission (CFTC).

The task force is looking into the allegations that Bankman-Fried used FTX customer funds to finance his businesses. It is also looking into allegations of fraud and mismanagement within the company. The DOJ has signaled that it is looking at more than just Bankman-Fried and may bring charges against other FTX executives.

Friedberg is expected to act as a witness in Bankman-Fried’s October trial. He is thought to have a wealth of information regarding FTX and the alleged misappropriation of funds. The task force has already begun interviewing other former FTX employees and customers.

Since FTX’s collapse, Bankman-Fried has been trying to rebuild the company. He has sold off some of his assets, including a cryptocurrency exchange and a derivatives trading platform. He is also in the process of launching a new venture, FTX Capital Partners, which will focus on investing in blockchain and digital asset companies.

The task force is still in the early stages of its investigation. It is not yet clear what charges, if any, Bankman-Fried will face. However, the US government is determined to get to the bottom of the FTX case and ensure that victims are compensated. The cooperation of Friedberg is expected to play a key role in the investigation.