Bitcoin Pullback: Profit Taking & FOMC Meeting Spur Crypto Selloff

• Bitcoin is experiencing a pullback as the prices had been draining throughout the previous trading day.
• The primary catalyst for the downfall appears to be the investor’s speculation over the fresh rates.
• Data from Santiment shows that the profit transactions on BTC surged over 2.4 times compared to that of loss transactions.

Bitcoin, the leading cryptocurrency in the world, is experiencing a fresh pullback as the prices had been draining throughout the previous trading day. The crypto market has retraced its recent gains ahead of the next interest rates which are expected to roll out ahead of this week. As the prices have dropped, investors have been left wondering what the cause of the downfall is and whether the increase above $23,900 was calculated.

The primary catalyst for the downfall appears to be the investor’s speculation over the fresh rates. As the Federal Open Market Committee (FOMC) meeting is set to roll out fresh interest rates, this has had a negative impact on the crypto market as a whole, with Bitcoin and other cryptos dropping significantly after marking the yearly highs during the previous couple of days. The Bitcoin prices rose out of the consolidation and surged high but failed to mark the highs at $24,000 during the past weekend. The sudden rise also carried the possibility of a pullback, majorly to extract the profits after the fresh jump.

Data from Santiment shows that the profit transactions on BTC surged over 2.4 times compared to that of loss transactions. After the recent jump, the platform witnessed the largest profit/loss transactions ratio since Feb 17, 2021. This indicates that investors may be taking profit off the table, as the uptrend of Bitcoin could soon be facing a reversal. In addition, the fear of the FOMC meeting and its potential impact on the crypto market could also be driving investors away from Bitcoin, as the uncertainty around the outcome of the meeting keeps the market in flux.

In conclusion, the current decline in Bitcoin prices could be attributed to a combination of factors, including investors taking profits after the recent jump and the fear ahead of the FOMC meeting. As the meeting approaches, it is important to keep an eye on the market as the outcome of the meeting could have a significant impact on the prices of Bitcoin and other cryptocurrencies.

Deaton Predicts Bitcoin, Ethereum, XRP Will Stand Tall in 5 Years

• John E Deaton recently tweeted that he believes that Bitcoin (BTC), Ethereum (ETH), and the XRP token will still be standing in five years‘ time.
• Returning to a forecast he made in August of last year, John E Deaton referenced research by the Head of Assets at Zurich-based Sygnum Bank that suggested three digital assets of the future: Bitcoin as a store of value, Ethereum for infrastructure, and XRP for payments.
• Deaton maintains his projection because, except for the ongoing Ripple litigation, nothing has changed for XRP since 2020, when the prediction was made.

As of late, the cryptocurrency industry has been recovering from a slump caused by FTX and Alameda. On major spot exchanges, Bitcoin (BTC) briefly surged to $23,330 on January 21, 2023, setting a new five-month high and surpassing the previous peak of $19,345 reached on August 19, 2022. In the midst of the resurgence, blockchain expert and founder of CryptoLaw, John E Deaton took to Twitter to make a prediction about the future of Bitcoin (BTC), Ethereum (ETH), and XRP.

Deaton began by referencing research from the Head of Assets at Zurich-based Sygnum Bank, which suggested three digital assets of the future: Bitcoin as a store of value, Ethereum for infrastructure, and XRP for payments. Deaton then stated that he believed that all three would still be standing in five years, despite the ongoing SEC lawsuit against Ripple Labs and two of its executives. According to Deaton, nothing has changed for XRP since the prediction was made in 2020, with the exception of the lawsuit.

This statement reveals John E Deaton’s confidence in the longevity of the three digital assets. Despite the bearish market conditions, Deaton believes that the long-term prospects of Bitcoin (BTC), Ethereum (ETH), and XRP remain strong and that they will continue to serve as major players in the cryptocurrency industry for years to come. He is also optimistic that more tokens will emerge in the next five years, many of which will no doubt be successful.

Given the current market conditions, it is difficult to make any concrete predictions about the future. However, John E Deaton’s optimistic outlook on Bitcoin (BTC), Ethereum (ETH), and XRP provides some insight into the potential of the cryptocurrency industry. As the market continues to evolve, the future of these digital assets will no doubt be determined by their ability to stay relevant and to meet the needs of the industry.

Will Shiba Inu Make It to the Top? 11430362.4% Gains Since Inception!

• Shiba Inu has gained 11430362.4% since its inception in 2020.
• Shiba Inu’s lack of social media buzz is pulling back its price rally.
• The meme currency has a huge circulating supply that needs to be burnt to create scarcity.

Since its inception in 2020, Shiba Inu has been making news for a few weeks now. This popular meme currency has gained an incredible 11430362.4% in value and is currently trading at $0.00001043 after a surge of 3.84% in the last 24hrs.

The massive rally of Shiba Inu has been somewhat hindered by its lack of social media buzz. Despite this, the expectations and hopes of various investors and traders are still high. They are looking forward to Shiba Inu making a move towards $1. However, the currency will have to face a huge pullback if the whales decide to sell off their holdings.

The value of Shiba Inu will further depend on its circulating supply. At present, the meme currency has a huge circulating supply that needs to be burnt to create scarcity. In 2021, Shiba Inu introduced its burn portal which sends 2 SHIB coins to a dead wallet, but this process has not been able to reduce the supply. Burning massive Shiba Inu is expected to be delivered by Shibarium, but this has yet to be seen.

For now, it remains to be seen if Shiba Inu will be able to reach the $1 mark or not. The success of the currency will depend on the actions of the whales and the introduction of Shibarium. Only time will tell if this meme currency will be able to make it to the top.

Altcoin Rally Continues: Ethereum, Cardano and Solana Surge Despite Negative Sentiment

• The crypto market has seen modest gains in the past few days, with Bitcoin closing above $17k in two consecutive days.
• Popular altcoins like Ethereum (ETH), Cardano (ADA) and Solana (SOL) have led in recent gains despite negative market sentiments.
• Market strategists believe that traders are bound to FOMO in the coming weeks and crypto prices may push higher before forming an imminent top.

The crypto market has been on a roll this past week with Bitcoin’s price closing above $17,000 for two consecutive days. As a result, popular altcoins such as Ethereum (ETH), Cardano (ADA) and Solana (SOL) have seen significant gains, despite the negative market sentiments that have been persisting since the FTX and Alameda’s implosion.

According to our latest crypto price oracles, Solana (SOL) and Cardano (ADA) have seen a surge of approximately 43 percent and 25 percent respectively in the past few days. Following suit, Ethereum (ETH) and Binance Coin (BNB) have seen a 9 percent and 12 percent increase in their prices respectively over the past seven days. Market strategists believe that traders are bound to FOMO in the coming weeks, which could see crypto prices further rise before an imminent top is formed.

The FTX and Alameda’s shockwaves have yet to settle in the market with top firms such as Gemini and Digital Currency Group taking a hit. The latter is on the brink of bankruptcy due to the events. Crypto insight company Santiment has warned that the recent altcoin rally may not be sustainable as traders try to FOMO in. According to the research firm, short-term crypto gains are closely followed by sustained bear markets as traders rush to take profits.

The altcoin rally is heavily dependent on Bitcoin’s next move and whether or not it will surge or remain stagnant. If Bitcoin’s price continues to rise, it is likely that traders will be attracted to altcoins and the FOMO will take hold. This could lead to an altcoin season, with prices further soaring before reaching a top. On the other hand, if Bitcoin’s price remains stagnant or drops, traders may lose interest in altcoins and instead focus on the largest cryptocurrency. There is no telling what direction the market will take, but it is clear that altcoins are experiencing a FOMO rally at the moment.

Solana & Cardano Surge 20%, Flipping Dogecoin In The Process

• Solana (SOL) and Cardano (ADA) prices surged by 20% in the last 24 hours, making them two of the top altcoin gainers.
• Solana’s price has gained nearly 70% and has managed to push the price from December 2022’s $8 to the present $13.
• Cardano (ADA) has managed to get positioned as the 8th largest cryptocurrency by market cap after flipping Dogecoin.

The crypto market has been showing signs of recovery over the past few weeks, with Bitcoin’s price surpassing the $17,000 mark. Riding this wave of recovery, two altcoins, Solana (SOL) and Cardano (ADA), have surged by 20% in the last 24 hours.

Solana’s price has been on a steady upward trajectory since the beginning of 2023, with its value increasing by 70% since December 2022. This brings the price of SOL from $8 to its current figure of $13. This surge has been attributed to the success of FTX, which saw its value fall significantly, pulling the price of Solana down with it. Despite this, Solana managed to close 2022 with only a 95% drop in price, which was far less than other altcoins.

Cardano has also seen a significant increase in its price, jumping 20% in the last 24 hours. This has enabled Cardano to become the 8th largest cryptocurrency by market cap, surpassing Dogecoin. It’s believed that the surge in price is due to Cardano addresses holding between 1M-100M ADA coins accumulating more than 200 million ADA coins.

With both coins just a few figures away from their next bull run, investors are eagerly awaiting the next steps for both Solana and Cardano. If the upward trend of the past few weeks continues, both altcoins could be set to reach new highs in the near future.

US Trustee Objects to FTX Asset Sales, Bankman Fried Pleads Not Guilty

• A U.S. Trustee has opposed FTX’s plans to sell its units in Europe and Japan.
• The US Trustee, Andrew Vara, requested an independent investigation into the sale of the units.
• Sam Bankman Fried, the founder of the exchange, entered a not-guilty plea to the criminal charges that he defrauded investors and caused billions of dollars in losses.

The troubled cryptocurrency exchange FTX recently filed for Chapter 11 bankruptcy protection, and was planning to market its LedgerX clearinghouse, futures contracts for digital currencies, and units throughout Europe and Japan. However, a U.S. Trustee has objected to FTX’s plans to sell its units, claiming that the companies might have information about FTX’s bankruptcy that could be useful to the case.

The U.S. Trustee, Andrew Vara, submitted a court filing demanding an independent investigation into the sale of the units. Vara’s filing stated that no sale of potentially valuable legal claims against the directors, officers and employees of the debtor, or any other person or entity, shall not be permitted until a full and independent investigation has been conducted into all persons and entities that may have been involved in any crime, negligence or other criminal conduct.

Meanwhile, Sam Bankman Fried, the founder of the exchange, entered a not-guilty plea to the criminal charges that he defrauded investors and caused billions of dollars in losses, what the prosecution called an „epic fraud,“ on Tuesday during the court hearing at the Manhattan federal court in New York City, U.S.

The case against Bankman Fried, which is being led by the U.S. Justice Department, is the first criminal prosecution in the U.S. of a cryptocurrency exchange executive. The indictment also alleges that he defrauded customers by misappropriating their funds and manipulating prices on the exchange. If convicted, Bankman Fried faces up to 45 years in prison.

The US Trustee’s objection to FTX’s proposed asset sales is the latest development in the ongoing case against Bankman Fried. It remains to be seen how the court will decide on the independent investigation into the sale of FTX’s units, and whether or not Bankman Fried will be found guilty of the criminal charges against him.

Revolutionizing Investing: Conglomerate Capital Launches Token Presale

Bulletpoints:
-The Conglomerate Capital is launching a token presale event with a goal of USD 2.5 million.
-The TCC and CONG ecosystem is the first to develop governance and investing features to lead and safeguard investors.
-AI-built video created by the team helps investors to navigate through the project.

The Conglomerate Capital, the project that was able to attract investments from prominent capitalists and blockchain-companies backers last year, is launching its token presale event on January 16th with a goal of USD 2.5 million. The presale event is expected to quickly reach its goal due to the founders‘ experiences in the industry.

The world is quickly changing and becoming more decentralized as digital technologies become increasingly popular. Decentralized Autonomous Organizations (DAOs), blockchain, DeFi, web 3.0, and cryptocurrencies are all gaining traction in the market. To make the most of these new technologies and ensure that society benefits from them, the Conglomerate Capital has developed a unique web3, BEP20 blockchain-based investment and funding platform, governed by a Decentralized Autonomous Organization (DAO).

Through the CONG token, investors will be able to access Venture Capital and Private Equity opportunities, which were previously only available to VC and PE funds. This platform will enable disruptive startups as well as SME businesses to raise capital, allowing retail investors around the world to benefit from the same market opportunities as the big players.

In order to make the platform easier to use, the TCC team has created an AI-built video that helps investors navigate through the project. This video will provide investors with an in-depth overview of the platform and its features. Additionally, the TCC and CONG ecosystem is the first and only platform to develop governance and investing features to lead and safeguard investors through the adoption and use of new market features and to rely on the knowledge of experienced venture capitalists.

The Conglomerate Capital is set to revolutionize the world of finance and investing, by providing access to outstanding market opportunities to retail investors. The token presale event is just the beginning of the project, and the team is confident that it will reach its goal of USD 2.5 million.

Anonymous Whale Makes $250M Crypto Transfer as Market Stabilizes

• An anonymous cryptocurrency whale lost millions in the recent market downturn but recently transferred 15,480 Bitcoin.
• The whale initially acquired the 15,000 BTC in 2019 and the wallet was worth over $1 billion.
• The wallet’s activity suggests that either a blockchain security service, a large-scale investor, or a whale was transferring the funds.

An anonymous bitcoin whale recently made a large transfer of 15,480 Bitcoin, worth over $250 million. The whale had previously held these funds in a wallet that was worth over $1 billion when Bitcoin was at its all-time high, but due to the recent market downturn, the pocket had lost a significant portion of its value.

The transfer was noticed by a crypto analyst and Maartunn, who noted that the coins had been dormant for 3 to 4 years. The wallet address, „1KUr81“, transferred all 15,000 BTC to another address, „1LGAVQ“, which now holds 26,056 BTC worth around $439.2 million.

It is uncertain who is behind the transfer, but the wallet’s activity suggests that either a blockchain security service, a large-scale investor, or a whale was transferring the funds. The transfer comes at a time when Bitcoin is fluctuating between $16k and $18k, and the cryptocurrency market has stayed quite stable despite uncertain macroeconomic conditions and the risk of FTX contagion.

Whales have been hoarding several currencies in anticipation of a positive surge as 2023 approaches. While it is unclear what the whale intended to do with the funds, it is likely that the whale is making a strategic move to capitalize on any potential increase in the market. This transfer is just one example of the large-scale movements that whales make to maximize their profits.

Will Bitcoin Reach its ATH in 2023? Analysts Predict the Future

• Popular analysts predict that Bitcoin (BTC) prices could hit their all-time high (ATH) in 2023.
• The Terra Luna and FTX disasters have caused a decrease in trust in cryptocurrencies.
• For Bitcoin to reach a new ATH in 2023, it must reach a critical Fibonacci retracement level and surpass certain thresholds.

The year 2020 has been a tumultuous one for cryptocurrency investors. After the Terra Luna and FTX disasters, many in the industry are unsure as to what the future holds. Popular analysts now predict that Bitcoin (BTC) prices could hit their all-time high (ATH) in 2023.

The situation has been further complicated by rising inflation and interest rates, which have caused prices to decline. In order for Bitcoin to reach a new ATH in 2023, it must reach a critical Fibonacci retracement level and surpass certain thresholds.

Crypto analyst and trader Jason Pizzino recently warned that it is not certain that Bitcoin will reach a new record high like it did in previous bull cycles. In a video to his 279,000 YouTube subscribers, Pizzino stated that for Bitcoin to reach a new all-time high during the next bullish phase, it must reach a critical Fibonacci retracement level and surpass certain thresholds. Pizzino also mentioned that it is currently impossible to predict a new all-time high for Bitcoin. According to his guidelines, a Bitcoin all-time high would be impossible until the price rises above $34,500, which would represent a 50% increase.

Other analysts have expressed optimism about the future of Bitcoin. PlanB, the creator of the stock-to-flow model for Bitcoin price prediction, believes that Bitcoin has the potential to reach a new all-time high in 2023. This could be as high as $400,000 per coin.

However, there are still many risks and uncertainties in the cryptocurrency market. The rising prices of Bitcoin and other cryptocurrencies could be due to speculation and manipulation, and the market could still crash in the future. It is also unclear how governments will respond to the increasing popularity of cryptocurrencies, and how regulations could affect the price of Bitcoin.

In the end, it is impossible to predict the future of Bitcoin and other cryptocurrencies. Investors should always do their own research and make sure to understand the risks before investing in any asset. With the right strategy and careful risk management, investors can maximize their profits in the cryptocurrency market.

Sparklo (SPRK): Combine the Best of Cardano (ADA) and Litecoin (LTC)!

• Cardano (ADA) and Litecoin (LTC) are two of the most well-known cryptocurrencies that have been struggling lately.
• Investors have shifted their focus to other investments like Sparklo (SPRK).
• Litecoin (LTC) is a peer-to-peer cryptocurrency that has been popular for over 10 years.

The cryptocurrency market has been constantly changing, and it is no surprise that some of the most popular cryptocurrencies are currently struggling. Cardano (ADA) and Litecoin (LTC) are two examples of this, and investors have had to look for other investments. One that has caught their eye is Sparklo (SPRK).

Litecoin (LTC) was created to replace Bitcoin and is a peer-to-peer cryptocurrency. It allows merchants to accept payments and people to make payments swiftly on the blockchain. However, the bear market has been a major hurdle in its growth. Despite this, Litecoin (LTC) has been popular for over 10 years and is still a viable investment option.

Sparklo (SPRK) is a new cryptocurrency that aims to combine the best features of two of the most popular cryptocurrencies, Cardano (ADA) and Litecoin (LTC). The team behind Sparklo (SPRK) has put together the best features of both. They have incorporated the high throughput of Cardano (ADA) with the privacy of Litecoin (LTC). This makes it a great investment opportunity for those looking for a new cryptocurrency.

Furthermore, Sparklo (SPRK) also has a unique reward system that has been designed to reward users for their contribution to the network. This reward system is based on a concept called ‘Proof of Stake’, which rewards users for holding tokens in their wallets. This encourages users to hold their tokens and support the network.

Overall, Sparklo (SPRK) is an exciting new cryptocurrency that combines the best features of two of the most popular cryptocurrencies, Cardano (ADA) and Litecoin (LTC). It is a great investment opportunity for those looking to diversify their portfolios and benefit from the rewards system. The team behind Sparklo (SPRK) are working hard to ensure that the network is secure and provides the features that users want. With such a promising project, it is no surprise that Sparklo (SPRK) is gaining the attention of Cardano and Litecoin enthusiasts.