1 BTC to $1 Million: Cathie Wood Doubles Down On Decade-long Bitcoin Price Prediction

Fresh off the t-zone of a tempestuous 2022, Bitcoin is slowly picking up the pace to touch the halfway mark on its all-time high. A reclaim in 2023 would mark the most remarkable comeback, especially among underwater holders except one — Cathie Wood.

Timeline of Bitcoin

Jack Dorsey-backed Twitter alternative Damus, which features integration with the Bitcoin Lightning Network, has been banned from the China App Store. According to Damus, they received a notification from Apple that the Cyberspace Administration of China deemed the app to contain "illegal content" because it is an "Information Services with Attribute of Public Opinions or Capable of Social Mobilization.

Key Points: According to a CoinDesk report, a lawsuit filed by Craig Wright's Tulip Trading against 16 Bitcoin inventors will be tried in London, according to the U.K. Court of Appeals. In relation to their ownership of the Bitcoin network, the claim asserts that the developers owe fiduciary responsibilities and duties of care.

Marathon Digital Holdings' recent sale of 3,000 bitcoin was a strategic move to raise capital for growth, not a result of financial distress, according to the leading bitcoin mining company.

BTC/USD Technical Sentiment Fades:  Sally Ho's Technical Analysis – 4 February 2023 Bitcoin (BTC/USD) failed to sustain upward momentum early in the Asian session as the pair depreciated to the 23245.86 level after spiking to the 24148.37 area, with the interday low representing a test of the 200-hour simple moving average.  The recent surge to the 24262.18 area occurred after Stops were elected above the 24224.60 level, an upside price objective related to buying pressure that emerged around the 15460 and 20370.01 areas.

Bitcoin network fees are currently skyrocketing. An average transaction conducted over the bitcoin ledger now costs around US$1.53 (125p), having jumped around 40% in the past five days alone.

In Partnership With Ascend   Bitcoin and Ethereum, each with millions of users, need help with scalability since the blockchain technology used to underpin them wasn't designed for wide adoption when it was developed in the late 2000s. It might be possible to solve Bitcoin's problem with the Lightspark Lightning Network, a revolutionary second-layer blockchain upgrade.

Key Points: Willy Woo, an on-chain analyst, claims that institutional investors are quietly allocating to Bitcoin, sparking BTC rallies. Willy Woo, a well-known on-chain specialist, believes that institutions may be the driving force behind the current Bitcoin (BTC) increase.

Bitcoin (BTC) bull Michael Saylor's big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.

A pseudonymous crypto analyst shared an outlook on Bitcoin (CRYPTO: BTC) and altcoins Fantom (CRYPTO: FTM), Solana (CRYPTO: SOL)  and Cardano (CRYPTO: ADA). What Happened: Altcoin Sherpa told his 190,500 followers on Twitter that the longer Bitcoin hovers around $23,000 to $24,000, the more bullish he is.

Traditional markets are giving the first signals of a bullish trend reversal. The chart of the S&P 500 (SPX) has just generated a golden cross - a bullish signal that is usually a confirmation of upcoming increases.