Bitcoin Price Prediction as BTC Sees Green for the Week A New Rally Begins?

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The Bitcoin price prediction for December 27 is bearish, falling to $16,600. A cryptocurrency mining pool, BTC.com, and its parent company, BIT Mining Ltd., revealed that the company suffered a cyberattack on December 3 that resulted in the loss of around $3 million. of assets.

The attacker stole $2.3 million in assets from BIT Mining and around $700,000 in assets from BTC.com clients. The method of the attack has not yet been disclosed by the company. According to the statement, the incident was reported to police in Shenzhen, China. Some of BTC.com’s assets were recovered as a result of the investigation.

A mining pool, BTC.com, helps many miners pool their computing power on a blockchain network to earn money and collect block rewards. It is a leading mining pool that provides multi-currency mining services for virtual currencies such as bitcoin. It is now the seventh-largest mining pool on the bitcoin blockchain, according to data provided by the company.

BIT Mining said that BTC.com will continue to operate as usual and that “apart from its digital asset services”, its customer funds services are unaffected by the hack.

Japan will allow stablecoins in 2023

According to a local media, the Financial Services Agency of Japan will remove the restriction on the domestic use of international stablecoins. This means that the Japanese authorities are considering lifting the current ban on stablecoins. The changes are included in the new “Revised Payment Services Act”, as mentioned earlier.

The proposed measure will bring foreign stablecoins back, but in a different way. Due to the restriction of Japanese stablecoins, authorized banks and mobile money providers were able to create stablecoins.

Under the new regulations, institutions in charge of stablecoins in Japan will become distributors. It gives local distributors authority over foreign stablecoins rather than the issuer. “Local distributors” refers to national cryptocurrency exchanges in this context. The changes will also limit international stablecoin transfers to $7,500 per transaction.

Despite efforts to repeal the ban, the use of stablecoins will continue to be restricted by anti-money laundering and counter-terrorist financing laws. The Financial Services Agency has already responded to the suggestion to lift the ban on stablecoins in Japan (FSA).

Stablecoins were not available on any of Japan’s 31 cryptocurrency exchanges before the planned reforms. Additionally, given the popularity of stablecoins and industry leader Bitcoin, the latest headlines might pique the interest of some crypto enthusiasts. As a result, BTC/USD will benefit in the longer term.

bitcoin price

The current Bitcoin price is $16,616 and the 24-hour trading volume is $16 billion. The BTC/USD pair is down 1.5% today, heading towards the $16,500 support zone. CoinMarketCap currently ranks number one, with a live market capitalization of $319 billion. It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,244,981 BTC coins.

Bitcoin price chart – Source: Tradingview

On the technical side, Bitcoin broke through the ascending triangle pattern that held the coin at $16,730. In contrast, Bitcoin’s immediate support is $16,560. Increased selling pressure might push the trend down to the $16,300 level; a further break-down of this level could expose BTC at $15,650.

On the positive side, Bitcoin’s immediate resistance remains at $16,750, and a bullish cross above $16,750 may expose BTC at $16,920 or $17,000.

Highest Profit Cryptocurrencies

For weeks, cryptocurrencies have been trading sideways, prompting traders to seek alternatives with better near-term prospects. Investors can enter the ground floor of the largest pre-sales in the market.

FightOut (FGHT)

The FightOut (FGHT) platform works similar to a personal trainer, except the FGHT token is proactively rewarded for exercise time. All activities are recorded and can be used to improve the statistics of his metaverse avatar. The ability to earn FGHT tokens adds an extra 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, FightOut was successful and attracted investors. Through its token sale, which started last week, it has already raised over $2.4 million. The current sale price is 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT), but this will increase as the sale progresses.

Visit FightOut now

Trade Dash 2 (D2T)

Dash 2 Trade is another Ethereum-based platform that when launched early next year will provide real-time analytics and social trading data. Trading signals, on-chain analytics, strategy building tools, and news feeds will be among its initial features, helping new and experienced traders follow the volatile cryptocurrency market.

The D2T token sale has raised over $11 million and is expected to close in just 9 days, providing early investors with a fast closing window of opportunity. On January 11, the altcoin will be listed on its first exchange, with LBANK Exchange, Changelly Pro, and Bitmart confirmed as the initial trading platforms to support it.

Visit Dash 2 Trade now

C+Load (CCHG)

C+Charge (CCHG) is a peer-to-peer payment system based on Binance Chain for electric vehicle (EV) charging stations. Its aim, which should start in the second quarter of next year, is to increase access to carbon credits by rewarding consumers who charge their electric vehicles at its terminals.

The platform has already struck a deal with Perfect Solutions Turkey, which will add 20% of Turkey’s EV chargers to its network, indicating how quickly it could grow. 1 CCHG is currently $0.013 and can be purchased with BNB or USDT.

Visit C+Charge now

Find the best price to buy/sell a cryptocurrencyCryptocurrency Price Tracker – Source: Cryptonews

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