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Crypto Predictions for 2023

Overall, I think 2023 will be a year of recovery. The last year gave we suffered some pretty large wounds in the industry, some that set the entire market back quite a bit. It will take time to recover from it, but we will see better days.
Crypto Predictions for 2023

Bitcoin Mining Difficulty Hits a New All-Time High

Bitcoin’s mining difficulty has hit a new all-time high, rising roughly 4.68% from 37.59 trillion on Sunday to 39.35 trillion at the time of writing.

Bitcoin Adoption of Guatemalan Merchants Grows One BTC Tattoo at a Time

Bitcoin (BTC) use in Guatemala is on the up. The Latin American country that borders El Salvador boasts Guatemalan-grown Bitcoin companies such as Ibex and Osmo, several Bitcoin Beach-inspired projects including Bitcoin Lake, and now, free BTC tattoos.

Bitcoin Mining Revenue Jumps Up 50% to $23M in One Month

As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023.

60% of Investors Believe ETH Has Better Growth Potential Than BTC – CoinShares Survey Reveals

Around 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares.

Viewing Bitcoin’s Price in the Lens of Macro Liquidity Modelling

Bitcoin, being a risky asset, together with other major cryptos, are significantly affected by the contraction and expansion of macro liquidity. This analysis views Bitcoin in the lens of macro liquidity modelling and debunks the major driving forces behind Bitcoin and cryptos.
Viewing Bitcoin’s Price in the Lens of Macro Liquidity Modelling

Bitcoin Premium in Nigeria Tops 164% Amid Demonetization

The demand for Bitcoin (BTC) in Nigeria has soared as the fiat notes are set to be invalidated. This rise in demand is causing BTC to be traded at a premium of up to 163.77% in Nigeria.

Bitcoin Buyers From 2019 Back in Profit as BTC Chases $24K

Bitcoin prices have held onto recent gains this weekend, lifting to a new high for the year during the Monday morning Asian trading session.

Bitcoin Premium Hits 60% in Nigeria as it Limits ATM Cash Withdrawals

The price of Bitcoin in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX is currently 17.8 million Naira, equating to a whopping $38,792. This represents more than a 60% premium over the current market price of Bitcoin, which is around $23,700 at the time of writing. (Cointelegraph)

Bitcoin Stays out of Fear for 11 Straight Days as Price Tips Near 24K

Bitcoin (BTC) has just clocked its 11th consecutive day outside the “Fear” zone in the Crypto Fear and Greed Index, cementing its longest streak out of fear since March 2022. It comes as Bitcoin hit $23,955 at 8:10 pm UTC time on Jan. 29, becoming this year’s newest all-time high. Though it has since come back down slightly to $23,687 at the time of writing. Meanwhile, Bitcoin sentiment is currently sitting firmly in the “Greed” zone with a score of 61, which hasn’t been seen since the height of the bull run around Nov. 16, 2021, when the price was about $65,000. (Cointelegraph)