Bitcoin Price Prediction as $35 Billion Trading Volume Comes In – Can BTC Hit a New All-Time High in 2023?

cryptonews.com:

In the past week, Bitcoin has seen a 10% rise in its value, leading many to believe that a bull market is arriving. The price of Bitcoin can be unpredictable, however there are certain factors to consider when predicting its potential future performance.

On January 28, the BTC/USD market opened at $23,067.00 and has since gained 0.07% in 24 hours to reach a current price of $22,971.00. 

Moreover, its value has been on an upward trend and it has increased by more than 1% in the past week. It's been trading within a range of $23,181 to $22,942 for most of this period.

Wendy Rogers, a United States state senator from Arizona, tweeted about a cryptocurrency bill on January 25. Wendy cited Goldman Sachs data indicating that Bitcoin is the world's best-performing asset. She also introduced legislation to make bitcoin legal payment in Arizona and to allow state agencies to accept bitcoin. 

The SB 1235 bill is one of several proposals in Arizona that would allow businesses to accept cryptocurrency as payment for rent, taxes, and fines. It would include the ability to use bitcoin for all US dollar-based transactions, allowing both individuals and businesses to use the currency. 

If the bill is passed, Arizona will be the first state in the United States to accept Bitcoin as payment for any financial debt. As a result, it is good news for BTC/USD.

On January 20, Hester Peirce, a commissioner with the US Securities and Exchange Commission (SEC), spoke about cryptocurrency regulation at the "Digital Assets at Duke" conference. The commissioner emphasized that the securities regulator has pursued registration violations at random. 

According to reports, the SEC is also interviewing investment advisors who hold customer funds on exchanges