Bitcoin (BTC) Price News: With the FOMC minutes set to be released later in the day, the crypto community is anticipating movement in Bitcoin (BTC) price. The top cryptocurrency’s price has been stagnant around the current level owing to market uncertainties. In November 2022, the crypto market faced a major blow with the liquidation crisis around FTX and Alameda Research. It remains to be seen how the macroeconomic outlook would affect crypto prices.

Chapter two——Bitcoin

Although Bitcoin (BTC) encountered one of the most challenging moments in 2022, data indicates that the BTC blockchain still accounted for a significant number of transactions. 

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the price of gold will soar to $3,800 this year while silver will hit $75. He also shared why he became “a gold bug” and “a silver nut.”

Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs. 

Luke Dashrj, one of the longest contributing Bitcoin Core developers, claims to have lost well over 200 BTC (roughly $3.34 million) this past weekend after his wallet keys were compromised. 

Approximately 150,000 BTC remains in Futures OI — its lowest levels since April 2022 — as the risk-off trend decline continues to emerge.

According to Jason Soni, newer altcoins in their first cycle will see the deepest retracement. As cryptocurrencies mature and go through more boom and bust cycles, retracements are less steep, like we’ve seen with Bitcoin and Ethereum.  

Glassnode data analyzed by CryptoSlate indicates that Bitcoin’s (BTC) market dominance exceeded 40% for the first time since July 2022.

Despite a bad run for Ethereum (ETH) and most digital assets last year, ETH’s community has some positives to kickstart the new year.