During the Asian session, BTC is consolidating just below the $17,000 level and the closing of candles above $16,750 is keeping Bitcoin price prediction bullish. Tim Draper, a venture capitalist, has been a consistent bitcoin bull despite the lead cryptocurrency’s 60% decline in 2022.
Draper predicts that bitcoin’s value might rise to $250,000 in the coming year. “Bitcoin bull Tim Draper had one of the more positive calls on bitcoin of 2022,” CNBC said, “predicting the token would’ve been worth $250,000 by the end of the year.” Although bitcoin’s value reached about $70,000 by year’s end in 2021, it had a precipitous decline in 2022, prompting Draper’s prediction.
Last year, Bitcoin followed stocks and bonds in falling as growing inflation dampened investor enthusiasm for virtually all investment assets. The price of bitcoin continued to fall after the FTX cryptocurrency exchange went bankrupt. To this day, though, Draper remains committed to his audacious forecast.
US Justice Department to seize FTX-related Robinhood Shares
At an FTX bankruptcy court hearing in Delaware on January 4, Seth Shapiro, an attorney with the US Department of Justice (DOJ), stated that the US government is in the process of taking 56 million shares of Robinhood Markets. The shares are worth approximately $460 million and are linked to FTX founder Sam Bankman-Fried (SBF).
According to a filing by Robinhood with the Securities and Exchange Commission (SEC) in May of last year, Bankman-Fried was the company’s sole director and majority owner, and Emergent Fidelity Technologies purchased a 7.6% stake in the company.
The current FTX management, Bankman-Fried, a specific FTX creditor, and cryptocurrency lender Blockfi, which also declared bankruptcy in November of last year, have now challenged the ownership of the Robinhood shares.
The new FTX management has petitioned the Delaware bankruptcy court to keep the assets frozen until the court can address the concerns in a way that is fair to all of the debtors’ creditors. This is due to multiple parties claiming Robinhood shares.
The next trial date is January 20, 2023, and the sitting judge has reserved the entire day to focus on FTX, the Robinhood shares, and any new developments.
The cryptocurrency market has fallen precipitously since the demise of FTX. Furthermore, any information about it may have a significant impact on the entire cryptocurrency market and the BTC/USD.
The current bitcoin price is $16,951, with a $13 billion trading volume in the last 24 hours. Bitcoin failed to break through the psychological resistance level of $17,000, implying a negative drop to the $16,775 support zone if it closes below that level.
On the 4-hour time frame, BTC is positive due to an upward channel, so a close above $16,775 could trigger a retracement.
If BTC falls below $16,775 today, it could fall as low as $16,450. Keep an eye on $16,775; if BTC continues to show a buying trend above this level, it may continue to rise.
Profitable Cryptocurrencies to Monitor
Due to the market’s fear of loss, investors are looking for safer, higher-yielding alternatives. Early investors have access to the largest pre-sales in the market.
The FightOut (FGHT) platform functions similarly to a personal trainer, with the exception that the FGHT token is rewarded in advance for exercise time. All activities are recorded and can be used to boost the stats of one’s metaverse avatar.
The FGHT presale is doing well, with over $2.6 million already raised. The current selling price of 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT) will rise as the sale progresses.
Dash 2 Trade (D2T)
When it launches in early 2023, Dash 2 Trade will be an Ethereum-based platform that will provide real-time statistics and social trading data. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among the first features, assisting both new and experienced traders to stay on top of the volatile bitcoin market.
The trading intelligence cryptocurrency project’s sell-out presale will be extended with the addition of an over-funding round, according to new information. The presale reached its fourth and final funding goal of $13,420,000 earlier today and was thus scheduled to end.
To accommodate those who may have missed the initial investment window, the Dash 2 Trade team has decided to hold a 5th stage (or “over-funding round”) of the presale in which 36,000,000 tokens will be sold at a price of $0.0556 in order to raise an additional $2,001,600.
D2T is being over-funded at a 4% premium to its previous price of $0.0533. The project’s current fundraising total is $15,421,600.
C+Charge (CCHG) is a blockchain-based platform that rewards owners of electric vehicles for charging and driving them. Its native token, CCHG, is currently available for purchase. The use of electric vehicles has grown dramatically in recent years all across the world.
The electric vehicle (EV) business has developed as a greener alternative to the existing automobile industry, which has long been in need of reform. People may now buy EVs and participate in the green revolution thanks to firms like Tesla, Rivian, and others. The network has already promised to add 20% of Turkey’s EV chargers to its network to demonstrate its scalability.
1 CCHG costs $0.013, and it can be bought using BNB or USDT. So far, the presale has raised $90,600.