As bitcoin price After breaking below the $29,000 support, market observers and investors are keen to predict the next target for the cryptocurrency. In this bitcoin price prediction article, we will examine the factors contributing to the recent decline and analyze possible scenarios for BTC’s future trajectory.
Twitter introduces live BTC price quotes
On April 13, Twitter and Israeli cryptocurrency exchange eToro announced a new partnership that will enable trading of equities and cryptocurrencies on the social media. When Twitter users see other users tweeting about a cryptocurrency, they can click on a button that directs them to the eToro site, where they can execute a transaction for that coin.
Additionally, on Tuesday, April 18, Twitter introduced bitcoin price quotes to its social media platform, accessible through its search tool. TradingView, a charting application, provides price quotes. Notably, only BTC price quotes seem to be available, not those of other major cryptocurrencies.
In addition, a disclaimer stating “Your capital is at risk” appears alongside the bitcoin price chart. Bitcoin accounts for 46% of the global crypto market cap, and the BTC/USD pair is expected to rise following the association with Twitter. Please write in English language.
CME Will Introduce Daily Expiry For Bitcoin Futures Options Contracts
The Chicago Mercantile Exchange (CME) Group said it plans to broaden its digital currency options by adding more options to its regular and micro-sized bitcoin and ether contracts. According to CME Group, the move is aimed at providing market players with greater precision and flexibility to hedge the risk of short-term changes in bitcoin prices.
These new contracts will be available from May 22 after receiving regulatory approval, and expiration will be available every working day, Monday through Friday. In addition, there has been an increase in trading volume on CME Group’s bitcoin futures and options.
It is a beneficial move for BTC/USD that regulated platforms such as the CME have introduced bitcoin futures and contracts with daily expiration.
Unchained to Provide Joint Custody Services for Bitcoin
Unchained Capital, an Austin, Texas-based company that provides financial services to bitcoin holders, announced on April 18 that it has secured $60 million in fresh capital to expand its financial services amid volatile markets.
The company plans to use the funds to enhance its product offering, strengthen its core suite of financial services and attract new customers.
Valor Equity Partners, best known for its early investments in SpaceX and Tesla, led the Series B funding round. Existing investors including NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners participated in the round, which previously closed in April. The investment follows a $15 million raise by the firm in the fall of last year led by Ten31.
bitcoin price
Current Bitcoin The price is at $30,266 with a 24-hour trading volume of $19 Billion. In the last 24 hours, bitcoin has experienced a growth of 2.30%. The BTC/USD pair is displaying a bearish bias and it may face an immediate support near the $29,200 level.
A bearish breach below this $29,200 level could potentially drive BTC/USD price towards $28,750, while a further decline could push BTC towards the $28,230 level.
On the upside, the BTC/USD pair is expected to face immediate resistance near $29,800, further buying could potentially take BTC towards the $30,600 level.
Top 15 Cryptocurrencies to Watch in 2023
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Disclaimer: The Industry Talks section features insights by crypto industry players and is not part of the editorial content of 0x0news.com.
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