Bitcoin and Ethereum Price Prediction as BTC Bulls Hold $41,000 and ETH Consolidates at $2,400 – Rally Soon?
In the dynamic realm of cryptocurrencies, Bitcoin (BTC) maintains its foothold above the $41,000 mark, currently trading at $41,700 with a modest 0.25% increase as the week concludes.
The market buzzes with speculation as X, a notable player, unveils plans for a dedicated Payments account, promising potential shifts in crypto transaction dynamics.
Meanwhile, the Commodity Futures Trading Commission (CFTC) casts a shadow with reports that Debiex, a crypto exchange platform, has fallen prey to romance scams, leading to a substantial loss of $2.3 million.
This revelation underscores the ongoing challenges within the digital asset space, reminding investors of the vigilance required amidst the pursuit of innovation.
Amidst these unfolding narratives, Ethereum exhibits a steady posture, consolidating its position around $2,400. Both Bitcoin and Ethereum traders are on the lookout for signs of a forthcoming rally, as the market digests the latest developments and braces for the week ahead.
Under Elon Musk’s direction, X (previously Twitter) has opened a special account for its future payments function, causing conjecture in the cryptocurrency world. It is anticipated that cryptocurrencies will be included in the X app, which is anticipated to launch in-app payment services by mid-2024.
Although the dedicated account has been validated and linked to X, there has been no indication that it supports cryptocurrency in addition to conventional fiat money.
BREAKING: X creates a new "Payments" account on @xpayments!
BULLISH!
HOPING FOR A CRYPTO INTEGRATION ON THIS PLATFORM!
Make it happen Elon! $XRP $DOGE $BTC $ETH $XLM pic.twitter.com/kAmIMKKi3r
— MASON VERSLUIS (@MasonVersluis) January 20, 2024
Researchers Mason Versluis and other
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