Bitcoin's price has dropped by 10%, causing concerns about the $25,000 support level. The UK tax authority may be given the power to seize bitcoins from businesses that don't meet their cryptocurrency tax obligations. Despite the price decline, long-term holders of Bitcoin are accumulating more tokens. The market's direction should be closely monitored as the breach of the critical support level of $26,800 indicates selling pressure. Additionally, the Cryptonews Industry Talk team has compiled a list of the top 15 promising cryptocurrencies for 2023, which is not part of Cryptonews.com's editorial content.
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