on friday BTC/USD The pair traded strongly from the $16,750 level to the $17,350 level. However, stronger than expected US PPI data Bureau of Labor Statistics A minor bearish correction has started, causing BTC to fall by around 1.50% over the past few hours.
Producer Price Index – November 2022
We discussed the importance of US PPI data in our Asian session bitcoin price prediction, US PPI figures rose 0.3% month on month and 7.4% year on year in December, the slowest annual rate since May 2021. The Dow Jones polled analysts who had predicted a 0.2% rise.
Furthermore, investors will be keeping an eye on the US FOMC and CPI numbers to see how the financial markets will react in the future.
SEC Provides Sample Cryptocurrency Asset Market Letter
one in new guidance released On December 8th, the Securities and Exchange Commission (SEC) required companies that sell securities to investors to disclose their vulnerability to potential risk in the cryptocurrency market.
The guidelines were issued nearly a month after FTX, one of the world’s largest cryptocurrency exchanges, declared bankruptcy after lending customer funds to a trading firm run by Sam Bankman-Fried.
The collapse of the exchange affected over 100,000 customers. The advice letter serves as a template for the types of comments a securities regulator might make to publicly traded companies.
The government requires companies to report any ties to other companies that have filed for bankruptcy, have large amounts of redemptions, unaccounted for crypto assets, or have other major corporate compliance issues .
SEC Chairman Gary Gensler denied earlier this week that the agency had failed to prevent cryptocurrency businesses from misusing customer funds.
In addition, if companies violate the law, the SEC will take additional regulatory action against them, according to Gensler. This news is good for the crypto sector as it will increase transparency for users and encourage more investors to invest in digital currencies. As a result, BTC/USD is rising.
bitcoin price
current price of bitcoin $17,177, and a 24-hour trading volume of $23 billion. BTC price is mostly unchanged today, up more than 1.5% since yesterday.

The BTC/USD pair is trading with a positive bias on Friday after breaking the $16,750 barrier. On the 4-hour time frame, bitcoin has formed an ascending channel, which is supporting the bullish trend; As a result, BTC might face resistance near the $17,400 mark.

A bullish breakout above the $17,400 level could take bitcoin towards the $17,650 level, and a bullish crossover above this level could take bitcoin towards the $18,150 level. A bearish crossover below $17,000, the level stretched from the 50-day simple moving average, could start a selling trend towards $16,650.
massive upside potential coins
Despite the bearish price action, the coins below are going from strength to strength, attracting the attention of crypto whales.
Dash 2 Trade (D2T)
Those looking to invest in a promising crypto trading platform startup can consider Dash 2 Trade. With its unique features, the upcoming analytics and social trading platform intends to take the crypto trading industry by storm.
Trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and a strategy back-testing tool are among the features. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to enjoy the functionalities of the platform.
Dash 2 Trade is now conducting a token pre-sale at very low prices. The D2T token sale has exceeded $9.23 million. The sale is currently in its fourth and final round, and transactions are still brisk with $400K pouring in over the past 24 hours. The pre-sale dashboard will be available soon, as the development team is currently ahead of schedule.
Coincodex recently listed Dash 2Trade as one of the 2022 pre-sale coins.
IMPT – Pre sale ends in 2 days
IMPT The pre-sale has now raised more than $15 million as early investors rush to buy altcoins before they become available on exchanges in seven days. The sale is set to end in less than three days with confirmed listings on Uniswap, LBANK Exchange, and Changelly Pro.
IMPT sales have gathered momentum in their final phase as these listings have already been confirmed.
Meanwhile, the fundamentals of the Ethereum-based carbon credit marketplace place it in a solid position to ensure long-term growth, with the platform already popular among ESG-focused crypto investors.
The IMPT token is currently priced at $0.023, and the presale ends in about two days.
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