Several reasons, including more business adoption and increased demand from Bitcoin ETFs, promote rising Bitcoin prices. Market analysts anticipate that Bitcoin will reach $100,000 by the end of 2023, although numerous others believe it will happen in Q1 2022. Others are cautious to pick a precise date or year, predicting that Bitcoin would not be worth more than US$70,000 by the end of 2022.

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Since striking its ATH on 10 November, BTC consistently marked lower peaks. As the fear sentiment kept surging, the largest crypto witnessed multiple sell-offs that hindered its recovery phase. Ever since BTC broke out of the bearish flag, it found reliable support at the golden 61.8% Fibonacci level for the past month.

Now, as the recent up-channel saw a breakdown from the $52,000-mark, the king coin marked lower peaks while ensuring the $45,700-level. This trajectory indicated an increasing selling power. Meanwhile, as the fear and greed index plunged below the 25 mark, BTC fell below its 20-50-200 SMA.

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Although the RSI saw higher toughs, it continued to find resistance near the half-line. However, while the price marked lower peaks since 28 December, the OBV was upturned. This reading hinted at a possible reversal. Besides, the ADX displayed a weak directional trend for the crypto.

Bitcoin fear and greed index on Thursday, January 6, 2022, went from the fear level of 24 to the extreme fear level of 15 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.

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Bitcoin is currently trading around $43,032.47, down  7.37%. In the last 24 hours, the highest it touched was $46,929.05 and the lowest was $42,798.22. Bitcoin has a current market cap of $813,995,281,709. It has a circulating supply of 18,921,131.00 BTC coins and a maximum supply of 21,000,000 coins.

Moneygram purchases 4% stake in crypto ATM operator Coinme

Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme — likely more than $764,000, given its valuation of $19.1 million in June — as part of a strategic investment in the crypto company. The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges.

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Animoca Brands leads $9 million round in NFT data aggregator CryptoSlam

CryptoSlam, a non-fungible token (NFT) industry data aggregator, has closed an oversubscribed $9 million funding round. The strategic seed round was led by venture capital firm Animoca Brands, a noted NFT investor that counts Dapper Labs and Axie Infinity among its portfolio companies. Founded in 2018, CryptoSlam offers NFT collection rankings that serve as a cross-blockchain indicator of interest, similar to how CoinMarketCap works for cryptocurrencies. The new funding will be used for an “aggressive” hiring plan, platform expansion to support new and existing blockchains and the launch of several new products, including an enterprise NFT data API that allows developers to build on top of the CryptoSlam platform.

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Crypto donors are ‘Planet-Incinerating Ponzi Grifters,’ according to Mozilla Co-Founder

The Mozilla Foundation, the non-profit organization behind the popular Firefox browser, announced Saturday that it has begun accepting donations in Dogecoin using BitPay. The open-source community was not impressed. The backlash was swift, with some even threatening to cancel their donations to the foundation. What these critics failed to realize, however, is that Mozilla has accepted crypto donations since 2014. Nevertheless, one of the loudest critics of the foundation’s involvement with crypto came from the co-founder of Mozilla itself. “Hi, I’m sure that whoever runs this account has no idea who I am, but I founded @mozilla and I’m here to say fuck you and fuck this,” wrote Mozilla.org co-founder Jamie Zawinski. “Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters.”