On January 2, 2023, Bitcoin is trading slightly upafter bouncing off the $16,500 support level for now reach $16,650 and an increase of more than 0.6% over 24 hours. Ethereum price is quite choppy, hovering in a narrow range of $1180-$1210, currently standing at $1201, up just over 0.5%. A clear and upward crossing of this $1200 level would have the potential to determine future trends. Ethereum (ETH) has certainly had a difficult year in 2022, but its underlying value is higher than its current market price.
The overall cryptocurrency market has sent mixed signals, with a market valuation below $800 billion at the start of the new year. The two most important currencies, Bitcoin and Ethereum, are showing slight gains and continue to trade higher.
Cardano and Polkadot both gained around 1.5% over 24 hours. Meanwhile, the price of XRP fell 3.3% on the day. After a very eventful year 2022, investors are still looking for positive news on the market to expect a recovery in prices.
Bitcoin engineer claims to have lost over 200 Bitcoins in hack
Lead Bitcoin Developer and Founding Fellow Luke Dashjr claims that his PGP (Pretty Good Privacy) key has been compromised. As a result, almost all of his Bitcoins were stolen. Luke Dashjr, one of Bitcoin’s leading developers, claimed that a hack just before the New Year caused him to lose almost all of his Bitcoin capital.
In a January 1 tweet, the developer claimed that the suspected hackers gained access to its Pretty Good Privacy (PGP) key, a well-known security technique that uses two keys to access encrypted data.
He did not say how much the theft was: instead, he revealed a wallet address where part of the stolen BTC was sent. This could be another negative event for the cryptocurrency industry as it raises new concerns about the security of crypto assets.
More Bitcoin Buying by Robert Kiyosaki
On the positive side, Robert Kiyosakia well-known author, recently revealed that he had bought more Bitcoin and explained why he did it, saying Securities and Exchange Commission (SEC) laws would destroy most other currencies.
Robert Kiyosaki, the famous author of “Rich Dad Poor Dad” (Rich Dad, Poor Dad), said his primary motivation for investing in Bitcoin is his belief that the SEC would “destroy” most other currencies with its laws. Kiyosaki revealed in a tweet on Dec. 30 that he invests in bitcoin and is excited that it’s being recognized as a commodity similar to gold, silver, and oil.
Kiyosaki said he is increasing his Bitcoin purchasesand the SEC classifies Bitcoin as a commodity while classifying the majority of other cryptocurrencies as securities.
Additionally, Kiyosaki issued a warning that the majority of these other cryptocurrencies will be destroyed by SEC laws. As a result, this could have a noticeable impact on the price of Bitcoin, but also on that of other currencies.
The price of bitcoin
The current Bitcoin price is $16,650 and the trading volume in the last 24 hours is $9.5 billion. On the technical side, Bitcoin is facing an important resistance at $16,660, and another at $16,720. An upward crossing of the $16,720 level Could Lead Bitcoin Price To The Next Resistance Level Of $16,990.
The RSI and MACD indicators have entered the buy zone, indicating that a pullback is possible, but the 50-day moving average acts as a major obstacle. As a result, failure to break above the 50-day simple moving average (SMA) can lead to sales up to $16,500. Consequently, BTC can find immediate support at $16,350 and $16,100.
The price of Ethereum
The current price of Ethereum is $1,201, with a 24-hour trading volume of $2.7 billion. Ethereum found immediate support at $1,180 which is extended by a rising trendline seen over a 4-hour period.
On the positive side, a sharp and upward crossing of the $1,200 level could take ETH to the $1,230 level quite quickly. If this trend could then continue, a resistance level of $1,280 might be possible then.
While support remains around $1,200, a break below this threshold may open more room to sell ETH down to $1,150. The RSI, MACD and 50-day simple moving average all point to a uptrend. It will therefore be necessary look for buying opportunities today.
Other high-profit cryptos
The global cryptocurrency market is uncertain, but a few new cryptos are making headlines. Let’s explore the possibility of taking advantage of it!
FightOut (FGHT)
The FightOut Platform (FGHT) works the same way as a personal sports trainer, except that the FGHT token is the reward given for exercise periods. All activities are recorded and can be used to improve the statistics of his metaverse avatar. The possibility of 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. Thanks to its token sale, which started last week, it has already been 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 selloff progresses.
Dash 2 Trade (D2T)
Dash 2 Trade is another Ethereum-based platform that upon its launch 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 raised over $11 million and is expected to close in just 9 days, providing early investors with a window of opportunity that will close quickly. On January 11, the altcoin will be listed on its first exchangewith LBANK Exchange, Changelly Pro and Bitmart confirmed as the initial trading platforms to support it.
.
C+Load (CCHG)
C+Charge (CCHG) is a peer-to-peer payment system based on Binance Chain for electric vehicle charging stations (VE). 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 sold at $0.013 and can be purchased with BNB or USDT.
Find the best price to buy/sell cryptocurrency
