Bitcoin and Ethereum Price Prediction

Bitcoin and Ethereum Price Prediction - Check out the story here

[{"selector":"#anim-a8f0dcba-a8e3-4b93-b41e-103a518d1f35 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.247656136211504%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Bitcoin has continued its downward trend and has now slid below $22,000, while the global cryptocurrency market cap is on the verge of falling below the $1 trillion mark. Arrow

Most cryptocurrencies, including Bitcoin and Ethereum, have seen drops in the past few days.

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[{"selector":"#anim-a5dd706f-8f67-4c12-90a6-3a002b923265 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] These declines were triggered by the US-based Kraken crypto exchange's decision to discontinue its staking service and pay a $30 million penalty to the SEC for failing to register the business. Arrow

On a positive note, the optimistic remarks made by several notable figures about Bitcoin prices are seen as a key factor in preventing further losses for BTC.

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Pantera Capital CEO Dan Morehead, for instance, believes that despite some market pessimism, Bitcoin has already commenced its next bull market cycle.

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[{"selector":"#anim-39498757-af8b-461d-861c-fa444bf97e6e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Additionally, Bitcoin mining firms such as Core Scientific, Riot, and CleanSpark experienced a surge in their cryptocurrency production in January. Arrow

Bitcoin (BTC) was unable to surpass the $22,000 threshold over the weekend and is currently trading well below that level.

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