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[/size]The crypto markets are slowly regaining their strengths as Bitcoin crossed the mark of $24,000 after a five-month duration. Changes in the global order, significant institutional investments, and key decisions from international financial bodies are pushing the market up. This positivity in the market is not only activating the inactive crypto traders back but also bringing new investors into the space.
[/size]A noticeable rally in the BTC could be spotted right at the start of the month. This rally has indicated a positive start to the month and investors are expecting the crypto winters to come to an end. But does it mean that Bitcoin would be able to cross the mark of $30,000? Or would we see a correction after the short hike, bringing back the BTC to $20,000 levels?[/size]
[/size]In this article, we are going to dive deep into understanding the reasons that can make it possible for Bitcoin to reach the mark of $30,000 while also discussing the possibility of it falling below $20,000.[/size]Bitcoin Running Positive in January 2023After having some severe turbulence in the last few months of 2022, the cryptocurrency market continued to remain bearish for a long time. However, the new year of 2023 brought some optimistic sentiment in the market with BTC breaking the physiological mark of $24,000 in the last five months. On 1st Jan, when Bitcoin opened near the price of $16,500, it continued to move up and recorded a 43% hike by the end of the month. [/color][/size]
This rally invited more investors into the space and allowed Bitcoin to maintain the safe mark of $20,500. According to the technical research experts at CoinGabbar, the price rise at the start of the month was due to the investors’ positive take on the changing global order, reducing inflation rates, and collective efforts from the governments[/color][/size]Bitcoin Continues to be Bullish in February 2023[/size]The optimism from the Jan rally continued at the start of this month and investors went on to accumulate more BTC. Microstrategy, an enterprise analytics platform, declared that they have bought 8,800 BTC during the 2022 market dip with the current exposure close to $1.3 billion in Bitcoin. This news got well received by the Bitcoin community adding fuel to the already rising charts. [/size][/size]
Apart from that, the Fed said the U.S. economy was enjoying "modest growth" and "robust" job gains, with policymakers still "highly attentive to inflation risks" as it seeks to tighten financial conditions and reign in high prices. Markets have been pricing in the possibility of a rate cut by the Fed in the back half of the year.[/color][/size]The tone of the Fed chairmen in the post-meeting conference was positive and gave confidence to the investors to rush towards markets. [/size]Adding to the positive reasons behind the Bitcoin rally was China levying a 20% tax on crypto gains despite having a complicated relationship with crypto. China had banned operations related to cryptocurrency in the country but finally, it is moving towards crypto regulation as it is home to a massive crypto investor community. [/size]Will Bitcoin Touch the Mark of $30,000?[/size]After consecutive strong rallies from Bitcoin, market experts are keeping a close eye on the next target of $30,000. At the time of writing, Bitcoin is trading in the range of $23,000-$24,000. However, achieving this target price may not be easy for BTC as there is very strong resistance near the price point of $25,200. [/size]
Bitcoin has been unable to break this resistance for the past 5 months and only a significant push from investors can help it cross this threshold. If something major happens in the crypto industry in February, there is a high likelihood that BTC will be able to break this resistance and reach the $30,000 mark in a short time.[/color][/size]Will the Double Top Hold the Bitcoin Rally?[/size]When there is a possibility of Bitcoin rising high, it is also possible that any bearish market sentiment pulls it back to the level of $20,000. Even though there is an optimistic sentiment in the market, here are some of the reasons that can restrict the rise further. [/size][/color]
    • A Double Top Pattern has been noted in the daily charts of Bitcoin and it creates a possibility of minor corrections in the coming days. If investors exit the market after making marginal profits, it is possible that BTC would not be able to maintain its current levels. [/color][/size]
    • [/color][/size]The unemployment rate in the U.S.A. is at a 54-year high, this is not the most suitable metric for the BTC to break its 5-month-long resistance levels.
    • [/color][/size]India is one of the biggest crypto markets in the world and the recent budget of the country had no space for cryptocurrency. The lack of positive news from the budget has disappointed the Indian stakeholders significantly.
    • [/color][/size]As per the on-chain data, the Bitcoin miners are squaring off their positions in BTC with less hope of a short-term recovery. If this continues in February, breaking the mark of $25,200 would be a challenge for Bitcoin.
    • [/size][/color]Closing RemarksThe cryptocurrency markets are attempting to recover from a prolonged winter season, gradually gaining momentum. The industry has just endured the most challenging phase of its history, and it will take time to fully recuperate from the losses. The new heights being achieved daily are a sign that crypto summer is just around the corner.[/color][/size]
      The Indian government is also working diligently towards achieving a global consensus on cryptocurrencies during its tenure of the G-20 presidency. At the pace crypto is expanding today, there is a very high chance of mass adoption of cryptocurrencies in the times to come. However, this February would be an interesting month for crypto enthusiasts as Bitcoin can potentially break the long-held resistance with the right support from the community.[/color][/size]

    [/color]On March 20, Flagstar Bank will officially take over the operations of Signature Bank's 40 branches, just a week after the latter's collapse. [/font][/color]The sale of Signature Bank's deposits and loans to Flagstar Bank, a subsidiary of New York Community Bancorp, has been approved by the United States Federal Deposit Insurance Corporation (FDIC). However, it is important to note that crypto-related deposits will not be included in the deal.[/color][/size]
    [/size]Under the "purchase and assumption agreement," Flagstar Bank will take over $38.4 billion worth of non-cryptocurrency-related deposits and $12.9 billion in loans. From March 20, all deposits assumed by Flagstar Bank will continue to be insured up to the $250,000 insurance limit.[/font][/size][/size]Source -

    [/color]The Russian cryptocurrency industry is seeking clarity on the proposed criminal liability for gray miners. The term "gray miners" refers to individuals or organizations that mine cryptocurrencies without proper registration or licensing.[/font][/color]The Russian Association of crypto-economics, Artificial Intelligence, and Blockchain (Racib) has reached out to Finance Minister Anton Siluanov seeking clarity on the proposed legislation to impose criminal liability on "gray" miners in Russia. The proposed legislation seeks to penalize individuals who do not report their income to the state and withhold information about their digital assets.[/color][/size]
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    Newbies / Why Shiba Inu is losing all its popularity?
    « on: Yesterday at 05:33:17 AM »
    Several cryptocurrencies are losing their lustre as a result of the crypto crisis. Shiba Inu (SHIB) is one such case, created as an Ethereum-compatible alternative to Dogecoin (DOGE),  previously in the top ten digital tokens but currently struggling to pass DOGE in market cap.[/font][/size]
    [/size]The dog-based meme coin has declined almost 90%% from its high value of ₹0.0061 in late October 2021. Currently, it is trading around  ₹0.000950. Furthermore, the price has not shown any exponential growth in the last several months.
    [/size]Related- What Are Meme Coins | Leading Meme Coins: Dogecoin, Shiba Inu[/font][/size]
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    [/color]Russian lawmakers have given their approval for the launch of the digital ruble, according to a draft law[/font][/color]The State Duma of Russia has taken a bold step towards digital currency by approving a draft law that would pave the way for the launch of a digital version of the national currency, the ruble. This would allow for easier transactions and give the [/color]Central Bank of Russia greater control over the country's financial system.[/size][/color][/size]
    [/size]The bill, which has been submitted to the Duma by a group of deputies and senators, seeks to amend various laws to introduce legal definitions and procedures for the launch of the central bank digital currency. This would include defining terms such as "participant of the digital ruble platform" and "user of the digital ruble platform."[/size][/size]Russian lawmakers have given their approval for the launch of the digital ruble, according to a draft law[/size][/color][/size]The State Duma of Russia has taken a bold step towards digital currency by approving a draft law that would pave the way for the launch of a digital version of the national currency, the ruble. This would allow for easier transactions and give the Central Bank of Russia greater control over the country's financial system.[/font][/size][/size]
    [/size]The bill, which has been submitted to the Duma by a group of deputies and senators, seeks to amend various laws to introduce legal definitions and procedures for the launch of the central bank digital currency. This would include defining terms such as "participant of the digital ruble platform" and "user of the digital ruble platform."[/size]Visit -

    [/color]Supporters of T[/font][/color][/color][/color][/color]erra Classic have expressed concern about the growing number of validators who are offering zero commissions.[/color]The $60 billion-plus implosion of the Terra ecosystem in May of last year exposed weaknesses in the cryptocurrency industry's structure and set off a year of spiralling financial disasters that haven't yet subsided. Despite many flaws and shortcomings, the Cosmos-based network created after the Terra ecosystem collapsed has managed to thrive and support itself in the larger crypto market.[/color][/size]
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    [/color]Binance's C[/font][/color][/color][/color][/color]hief Strategy Officer is concerned that strict crypto restrictions in the United States could stifle the sector and cause significant market volatility.[/color]Cryptocurrency experts held out hope that 2023 would bring about a new beginning for the industry after a year of extraordinary setbacks. Instead, the industry has been the target of a ferocious government crackdown in the United States. Late last month, the Securities and Exchange Commission (SEC) imposed fines and other sanctions on crypto lending companies, and federal banking officials released public statements that appeared to be designed to make it challenging for crypto enterprises to function in the nation.[/color][/size]
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    [/color]Regulatory clarity continues to pose a significant challenge for the widespread adoption of asset tokenization and decentralized finance (DeFi)[/color]Asset tokenization, which involves converting [/color]physical assets into digital tokens, has the potential to revolutionize the way we invest and trade assets. However, the lack of a robust infrastructure and regulatory framework has impeded its progress. This issue has been hindering the next generation of securities and asset tokenization worldwide, according to Larry Fink of BlackRock.[/color][/font][/size]
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    [/color]The Securities and Futures Commission (SFC) of Hong Kong has given its approval to Signum Digital Limited to operate a Security Token Offering (STO) platform[/font][/color]Hong Kong's Securities and Futures Commission (SFC) has granted approval in principle to Signum Digital, a joint venture between Coinstreet and Somerley, to offer security tokens in the city. The permission paves the way for Signum Digital to launch its STO (security token offering) platform under the brand name "CS-Pro" and provides a secure and regulated way for investors to participate in STOs.[/color][/size]
    [/size]Security tokens are a new category of digital assets built on blockchain technology that represent ownership of tangible assets, such as private equities, real estate, art, and collectables. The linkage with real-world assets reduces risks for potential investors and facilitates research processes, providing a foundation for the market value of the investment opportunity.[/font][/size][/size]Visit -

    [/color]The NFT market has recently experienced a decline, which can be attributed to two main factors: the collapse of SVB and the lack of stablecoins[/font][/color]The non-fungible token (NFT) market has experienced a significant decline in recent days, with the number of active traders plummeting to a record low of 11,440. This decline may be attributed to factors such as market saturation, lack of interest, or economic instability. However, a report from data aggregation platform DappRadar has suggested that the collapse of Silicon Valley Bank (SVB) on March 10 may have contributed to this decline.[/color][/size]
    [/size]According to DappRadar, NFT trading volumes were between $68 million to $74 million before SVB's collapse. However, after the event, volumes dropped to $36 million, accompanied by a 27.9% decline in daily NFT sales count between March 9 and March 11. This sudden dip in NFT trading volumes has sent shockwaves throughout the industry, leaving many wondering about the future of this emerging market.[/font][/size][/size]Visit -

    The second most held cryptocurrency in the world is facing extreme FUD after the community discovers that Shibarium blockchain ID is similar to Renia Network. [/color][/font][/size][/color]The beta version of Shibarium was released last week, which operates as a layer 2 network built on top of layer 1 protocols. However, a community member on Shiba Inu's Discord channel raised concerns on Thursday about Shibarium's beta testnet using the same Chain ID as an existing Rinia Network. [/color][/size]Shiba’s discord was filled with messages asking the developers to clear their doubts as they have taken an entire year and $12 million in the development of the Shibarium network. But the developers could not answer the questions clearly and blamed the competitors for spreading FUD against the community. [/size]Read more on

    Newbies / Twitter Payments Move Boosts Dogecoin (DOGE).
    « on: March 17, 2023, 12:18:35 PM »
    [/color]Following the revelation [/font][/color][/color][/color]of[/color][/color] Elon Musk's plans to establish payments on Twitter, Memecoin Dogecoin's (DOGE) value immediately increased.[/color]The rumour that [/color]Twitter may be introducing payments caused the price of Dogecoin (DOGE) to immediately increase. According to recent reports, Twitter has reportedly started to file for regulatory licences across the US for such a move. Once accepted, the social networking site might start accepting payments, perhaps paving the way for DOGE-based transactions. The cryptocurrency community has always anticipated Elon Musk will ultimately add a platform feature that would allow for crypto-based payments.[/size][/color][/size]
    [/size]The Dogecoin community has been optimistic about the future of the memecoin ever after Musk seized control of Twitter in October 2022. In reality, DOGE saw a tremendous bullish momentum up until a few weeks after Musk bought the platform. After Musk took control of Twitter, the price of DOGE once decreased by as much as 100%. Memecoin is currently trading at $0.08908, a decrease of 0.53% over the previous day. The cryptocurrency saw a reversal after experiencing a 5% gain after the news broke.[/font][/size][/size]Read more on

    Ethereum's Shapella hard fork, which combines the consensus layer (Capella) with the execution layer (Shanghai), is set to deploy on the mainnet on April 12. This will enable validators to withdraw their locked-up ether from the network. In the existing proof of stake model, decentralized validators must post 32 ether (about $52,500) to participate in block production on the Ethereum network. [/color]Activating withdrawals will allow offline validators to reclaim their principal stake and earned fees. [/color][/font][/size]
    Additionally, the activation will reduce the gas cost applied to earning fees, which is a much-anticipated economic unlock for validators. Despite some operators forgetting to upgrade their nodes, the Goerli testnet went smoothly. According to a researcher at Arbitrum, there aren't many roadblocks ahead of the Shapella hard fork on Ethereum's mainnet. [/color][/size]Read more on

    [/color]Elon Musk has kept his word to increase revenue for the social media network beginning with the acquisition in October 2022.[/font][/color][/color]Elon Musk, the CEO of Twitter, announced that starting today, artists would begin receiving a portion of ad revenue. The initiative is relevant to adverts that show up in reply threads from creators. This is yet another initiative by Tesla CEO Elon Musk, who had been planning to enhance the social media platform's income model. The most recent initiative also has a tangential connection to the cryptocurrency market because there has long been talk of Twitter implementing Dogecoin (DOGE)-based payments.[/size][/color][/size]
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    [/color]US Court refuses Government's request to block Binance's purchase of Voyager, approves the bankruptcy plan[/font][/color]The United States government's request to block Binance's purchase of the defunct brokerage firm Voyager was refused by the District Court for the Southern District of New York. U.S. District Court Judge Michael Wiles has decided that any further delay will do harm to the interests of Voyager's former customers who are ready to get their money.[/color][/size]
    [/size]The court has approved Voyager Digital's Chapter 11 bankruptcy plan, which involves selling billions of dollars in assets to Binance.US to regain liquidity and pay back customers. The plan has already received approval from 97% of the 61,300 Voyager account holders, and it is expected to result in creditors recovering approximately 73% of the value of their funds.[/font][/size][/size]Read more on

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