Crypto News

Bitcoin Price Prediction as $20 Billion Trading Volume Comes In – Is Now a Good Time to Buy BTC?

Bitcoin, the world’s largest cryptocurrency, has experienced a recent decline in value, dropping over 2% to $28,284.02 due to concerns about new regulations for cryptocurrencies in the United States and potential tax measures proposed by President Biden. Meanwhile, Ethereum has been performing well in the past week, thanks to a successful implementation of the Shanghai hard fork update. On the positive side, TeraWulf has launched a nuclear-powered Bitcoin mining plant in the United States, which is powered by over 91% zero-carbon energy. This pioneering project could lead to more companies shifting towards sustainable energy sources for mining and potentially have a positive impact on BTC prices in the long run. Immediate downside support for BTC is at $28,100, with further support around $28,000, and if the price breaks this level, it could approach $27,400 or even $27,200. Cryptocurrency investors are advised to stay informed about emerging trends and opportunities within the crypto market, by frequently consulting expert-curated lists of the top cryptocurrencies to watch in 2023.

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