Crypto Analyst Says Altcoins Set To Explode in 2023 As BTC Gears Up for Reversal

A widely followed crypto analyst says that altcoins should begin to skyrocket as soon as next year. The pseudonymous trader known as TechDev tells his 401,100 Twitter followers that altcoins look primed to spark a massive rally going into next year despite recent negative expectations and narratives centered around the crypto industry.

Timeline of Bitcoin

Crypto exchange giant Coinbase is revealing the amount of Bitcoin (BTC) in its reserves in a bid to be more transparent following the downfall of collapsed rival FTX. In a series of tweets, Coinbase CEO Brian Armstrong says the largest US-based crypto exchange platform holds about 2 million BTC, which translates to $33.

After Grayscale Investments shared information concerning the company's product holdings, people questioned why the firm wouldn't share the public addresses associated with the crypto assets it holds. However, on Nov.

Despite the crypto winter, data shows that institutional players have been accumulating more digital assets VeChain won't mind providing carbon-neutral consulting services to Qatar to help the nation host a carbon-neutral event.

Tracing bitcoin records, which was used to pay for fraud website services, allowed the Metropolitan Police unit to narrow down suspects.  The post UK's ‘biggest ever' scam leads to 100 arrests after police track bitcoin records appeared first on The Block.

Bitcoin remains rangebound, hovering around its yearly lows, with some short timeframe bullish momentum. The cryptocurrency suffered amid the FTX's collapse and the subsequent contagion, but market participants seem more optimistic about potential profits.

On-chain data shows the Bitcoin aSOPR metric has dropped to lows not seen since December 2018, suggesting that holder capitulation is deepening. Bitcoin aSOPR Plummets To Lows Not Observed Since Almost 4 Years Ago As pointed out by an analyst in a CryptoQuant post,  the current capitulation is deeper than during both the 2015 bear and the COVID crash.

BTC/USD Bulls Looking for More:  Sally Ho's Technical Analysis – 25 November 2022 Bitcoin (BTC/USD) looked to resume its recent upward trajectory early in the Asian session as the pair recently bounced higher from the 16301.50 level before escalating to the 16700 area.   Stops were recently elected above the 16088 and 16222 levels, representing the 50% retracements of the recent depreciating ranges from the 16984.08 and 16717.86 levels.

A wallet linked to the defunct cryptocurrency exchange BTC-e has suddenly awakened after lying dormant for over five years. What Happened: Over 10,000 Bitcoin (CRYPTO: BTC) worth $167 million were sent from the BTC-e exchange to two unknown addresses that received 3,500 and 6,500 BTC, according to blockchain.com.

Bitcoin, considered the largest cryptocurrency in terms of market capitalization, will be exiting the month of November with trading prices that are significantly lower than what it had the same time last year. It can be recalled that in November 10, 2021, BTC was able to hit its milestone all-time high (ATH) of $69,044.

For many Americans across the country, meals will be had with families on Thursday to celebrate the Thanksgiving holiday. One topic of conversation could be dreaded by some family members.