Bitcoin is still in line for a breakout, analysis concludes, as short-term weakness sees BTC price fall below $22,500.

Economist and gold bug Peter Schiff has explained why bitcoin and gold are going up this year. “They’re rising for opposite reasons,” he said, claiming that the price of gold is climbing as investors view the metal as a hedge against inflation and a weaker dollar.

Alongside higher prices, comes an increased motivation for holders and miners to take exit liquidity, especially after the prolonged and painful bear of 2022.

Bitcoin wallet company Wasabi Wallet has thrown down the gauntlet and challenged Bitcoiners around the world to “crack” a bitcoin wallet and collect whatever bitcoin (BTC) it holds, according to a press release provided to CoinDesk.

Finder.com has conducted another report that aims to predict bitcoin’s future price with 56 experts stemming from the cryptocurrency and financial technology industry. Today, on Jan. 24, 2023, bitcoin (BTC) is exchanging hands for just under $23,000 per unit, and it’s the highest price since FTX collapsed in Nov. 2022. The latest BTC predictions report published by finder.com indicates that the consensus is bitcoin will peak at $29,095 this year. However, the leading crypto asset is also predicted to end 2023 at roughly $26,844 per unit.

Recently, Coinbase Co-Founder and CEO Brian Armstrong commented on a report by the Financial Times (FT) about Brazil and Argentina starting “preparations for a common currency.”

El Salvador’s $800 million bond issue set to mature Jan. 24, 2023 has been repaid with interest, the country’s President Nayib Bukele said on Twitter.

The recent Bitcoin (BTC) rally characterized by increased buying pressure has elevated the maiden crypto to surpass leading traditional finance entities in terms of market capitalization.

According to City A.M., Tap Global has named the first-generation cryptocurrency exchange Bitfinex as its first client for the newly-launched Mastercard product. A ‘card as a service’ (CAAS) B2B product designed to bridge the gap between the cryptocurrency and mainstream transactions ecosystem.

Bitcoin [BTC] continued to stay above the $23k mark, as bulls could wait for a move above $23.2k to buy into the bullish momentum. Conversely, they could wait for a drop to $22k before buying. However, a daily session close to $20.6k would indicate that bears had the upper hand.