The Bitcoin price forecast is neutral during the US session, but BTC showed a slight bullish recovery after bouncing above the $16,430 level. However, the tight trading range of $16,400-$16,750 is still intact.
Foreign investors who buy bitcoin in the UK through local investment managers or brokers are no longer subject to capital gains tax as of last Sunday. Prime Minister Rishi Sunak announced the tax exemption in December as part of his goal to make the UK a global hub for bitcoin trading.
Tax information for cryptocurrency sellers residing in the country is already available. In July, UK tax authority HM Revenue and Customs published a consultation to learn from investors and professionals about the taxation of decentralized finance (DeFi).
The law on financial services and markets is currently being debated in Parliament. If passed, it will give local financial regulators greater jurisdiction over cryptocurrencies. The UK Treasury intends to hold a consultation on how cryptocurrency activity should be regulated in the coming weeks.
Bankrupt Crypto Exchange FTX Allows Withdrawals in Japan
Cash held by FTX clients in Japan during bankruptcy proceedings will soon be returned to them. FTX Japan and FTX Liquid, both owned by FTX, are working on a withdrawal system which should be ready by mid-February.
On Thursday, FTX Japan and Liquid, two Japanese cryptocurrency exchanges owned by FTX, informed their followers that withdrawals will be available until mid-February. The two cryptocurrency exchanges made the following statements:
We are making progress in developing the system to allow FTX Japan and Liquid Japan customers to withdraw their funds directly from the Liquid Japan website.
FTX Japan clients must register with Liquid and transfer their assets to the Liquid platform before withdrawing funds. The exchanges aim to start processing withdrawal requests by mid-February. FTX acquired Japanese exchange Liquid earlier this year.
One of the first crypto exchanges to be approved by Japan’s top financial regulator in 2017 was Quoine Corp. (FSA).
The current bitcoin price is $16.69, with a trading volume of $9.5 billion in the last 24 hours. The 4-hour chart of Bitcoin shows the strength of the cryptocurrency near $16,460 where an uptrend line can be seen.
Bitcoin could hit $16,990 if it breaks free from $16,720, the latest resistance zone. A bearish break below $16,460 could take bitcoin to the $16,200 and $16,000 area as the RSI and MCD are both negative. If Bitcoin (BTC) loses another $16,000 today, it could fall below $15,500.
Keep an eye out for profitable cryptocurrencies
With the market fearing losses, investors are looking for safer but higher yielding options. The biggest pre-sales on the market are open to early investors.
The FightOut (FGHT) platform works much like a personal trainer, except that the FGHT token is proactively awarded for training time. All activity is recorded and can be used to improve your Metaverse avatar statistics.
Earning FGHT tokens further incentivizes customers to lead a healthy lifestyle and exercise while enjoying the benefits of blockchain technology. FightOut performed well and attracted investors despite the general lack of liquidity in the Bitcoin market.
The company has already raised over $2.5 million through its token sale which began last week. The current sale price of 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT) will increase as the sale progresses.
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Trade Dash 2 (D2T)
Dash 2 Trade will be an Ethereum-based platform that will provide real-time analytics and social trading data when it launches in early 2023. Trading signals, on-chain analysis, strategy development tools and newsfeeds will be among the first features, helping new and experienced traders follow the volatile bitcoin market.
with only 6 days in advance Dash 2 Trade, one of the most important ICOs of 2022, has unveiled its beta version of the dashboard. D2T has raised approximately $11.9 million in venture capital to date. D2T is the access coin of the system, and it is now worth $0.0533 in pre-sale, after being sold to investors for $0.0476.
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C+Charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations built on the Binance Chain. It plans to improve consumer access to carbon credits by rewarding those who charge their electric vehicle at its terminals, which will be operational in the second quarter of next year.
The platform has already agreed to add 20% of Turkish charging stations to its network, proving its scalability. 1 CCHG costs $0.013 and can be purchased with BNB or USDT. The promotion has raised over $55,844 in presale dollars to date.
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