BTC ends 2022 in the red, but history shows it’s never had 2 consecutive red years in a row

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The Bitcoin price forecast is neutral during the US session, but BTC showed a slight bullish recovery, after bouncing above the $16,430 level. Still, the narrow trading range of $16,400-$16,750 is still intact.

Foreign investors who buy bitcoin in the UK through local investment managers or brokers are no longer subject to capital gains tax as of last Sunday. Prime Minister Rishi Sunak announced the tax exemption in December as part of his goal to make the UK a global hub for bitcoin trading.

Tax information for cryptocurrency sellers who live in the country is already available. In July, HM Revenue and Customs launched a consultation to hear from investors and professionals on the taxation of decentralized finance (DeFi).

The Financial Services and Markets Bill is currently being debated in Parliament and, if passed, will grant local financial regulators greater jurisdiction over cryptocurrencies. The UK Treasury intends to issue a consultation on how cryptocurrency activity should be regulated in the coming weeks.

Crypto Exchange FTX Bankrupt to Allow Japanese Withdrawals

Cash held by FTX clients in Japan throughout the bankruptcy process will soon be returned to them. FTX Japan and FTX Liquid, both owned by FTX, are working on a withdrawal system which should be ready by mid-February.

On Thursday, FTX Japan and Liquid, two Japanese cryptocurrency exchanges owned by FTX, informed their followers that withdrawals would be available by mid-February. The two cryptocurrency markets made the following statements:

We are continuing to develop the system so that FTX Japan and Liquid Japan customers can withdraw their funds directly through the Liquid Japan website.

FTX Japan clients will need to register with Liquid and transfer their assets to the Liquid platform before they can withdraw money. In mid-February, exchanges announce that they will start processing withdrawal requests. It was earlier this year when FTX acquired Japanese exchange Liquid.

One of the first crypto exchanges to gain approval from Japan’s top financial regulator in 2017 was part of Quoine Corp. (FSA) of the agreement.

bitcoin price

The current bitcoin price is $16,624, with a trading volume of $9.5 billion in the last 24 hours. The 4-hour chart of Bitcoin shows the cryptocurrency gaining strength near $16,460, where an uptrend line can be seen.

Bitcoin price chart – Source: Tradingview

Bitcoin could hit $16,990 if it breaks above $16,720, the latest resistance zone. A bearish break below $16,460 could put $16,200 and $16,000 in play for Bitcoin as the RSI and MCD are both negative. If Bitcoin (BTC) loses another $16,000 today, it could fall below $15,500.

Profitable Cryptocurrencies to Watch

Given the fear of market losses, investors are looking for safer but higher yielding options. The largest pre-sales in the market are open to early investors.

FightOut (FGHT)

The FightOut (FGHT) platform works the same way as a personal trainer, except the FGHT token is proactively awarded for training time. All activities are recorded and can be used to improve the statistics of his metaverse avatar.

Earning FGHT tokens further incentivizes customers to lead a healthy lifestyle and exercise while enjoying the benefits of blockchain technology. FightOut has thrived and attracted investors despite the general lack of liquidity in the bitcoin market.

It has already raised over $2.5 million through its token sale, which kicked off last week. The current sale price of 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT) will increase as the sale proceeds.

Visit FightOut now

Trade Dash 2 (D2T)

Dash 2 Trade will be an Ethereum-based platform that will provide real-time analytics and social trading data when it launches in early 2023. Trading signals, on-chain analytics, strategy building tools and newsfeeds will be among the first features, helping new and experienced traders keep up with the volatile bitcoin market.

With barely 6 days left in the presale, Dash 2 Trade, one of the most crucial ICOs of 2022, has unveiled its beta version of the dashboard. D2T has received approximately $11.9 million in venture capital so far. D2T is the access coin of the system, and it is now worth $0.0533 in presale after being sold to investors for $0.0476 earlier.

Visit Dash 2 Trade now

C+Load (CCHG)

C+Charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations based on the Binance Chain. It plans to increase consumer access to carbon credits by rewarding those who charge their electric vehicle at its terminals, which will be operational in the second quarter of next year.

The platform has already agreed to add 20% of Turkish EV chargers to its network, demonstrating its scalability. 1 CCHG costs $0.013 and can be purchased with BNB or USDT. The effort has so far raised over $55,844 in presale dollars.

Visit C+Charge now

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

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