A [Bitcoin](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) rally in the trading week of 13 to 17 March saw the cryptocurrency bring around 20% in gains to investors, data from [crypto](/news/article/silvergate-bank-crisis-sees-crypto-tank) price tracker CoinMarketCap showed. 

As of 09:30 UTC on Friday, BTC was exchanging hands for [$26,085.37](https://coinmarketcap.com/currencies/bitcoin/historical-data/). It reached a weekly high price of $26,514.72 on 14 March after opening the week at $22,156.41. 

The substantial increment in price has seen the largest digital asset by market capitalization spike by 60% year-to-date (YTD) from the year's opening price of $16,547.91.

## Bitcoin rally attributed to convulsions in banking sector and interest rate cuts

The cryptocurrency industry is largely affected by events in the banking sector as well as activities by the Federal Reserve in the US.
Reports of a collapse of three regional lenders in the US and liquidity problems at Credit Suisse Group AG are leading to expectations of an end to the monetary tightening that destabilized the decentralized finance industry in 2022.

According to many industry experts, the renewed interest in BTC reinforces the digital currency's dual role as a credible risk asset and a hedge against inflation.

Amid the Russia/Ukraine crisis, the Federal Reserve consistently hiked interest rates, leading to a demand for government bills and bonds. This did not augur well for the digital currency market, which has thrived on offering its stakeholders above-average annual percentage yield (APYs). This contributed to the market's nosedive for the majority of 2022.

Multiple reports point out that the Feds will pause interest rate hikes by the summer of 2023 and begin cutting the federal-fund rates around the end of 2023. This anticipation has also played a role in the significant ascension of the cryptocurrency.  

## Bitcoin dominance pushes the crypto market above $1.1 trillion

The crypto market has seen a trading volume of approximately $69 billion in the past 24 hours. This has taken its capitalization to $1.12 trillion.

Despite a fall in its historic values, BTCs fully diluted market capitalization of around $552 billion sees it control 45% of this market. In second place is the native asset of Ethereum, Ether (ETH), which has an 18% crypto market share.


bitcoins falling from sky with green filter overlayed

Bitcoin Rally Sees Almost 20% Gain This Week 

BTC has improved its value by 11% over the past 24 hours, according to data from Asia trading. This increase has effectively erased all losses suffered over 10-12 March, 2023. [Multiple reports](https://www.coindesk.com/markets/2023/03/14/bitcoin-crosses-247k-sees-highest-liquidations-in-two-months/) say the price spike is due to [Bitcoin](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) liquidations emanating from betting on the decline of cryptocurrency prices after [Silvergate Bank](/news/article/silvergate-bank-crisis-sees-crypto-tank) and other crypto-related financial institutions fell into crisis last week. 

Overall, more than $100 million in BTC shorts (in trading, shorting refers to selling, while long means buying) were liquidated on 13 March. While this figure looks like a significant sum, it is nowhere near the 14 January Bitcoin liquidations, which saw around $500 million cleared from several crypto futures. 

[Cryptocurrency futures](https://www.investopedia.com/articles/investing/012215/how-invest-bitcoin-exchange-futures.asp) constitute an agreement between two parties to buy and sell an agreed amount of a particular crypto asset at a future price within a given timeframe.

## Bitcoin liquidations lead to a year-high trading volume 

As exchanges such as [Binance](/news/article/binance-us-cleared-to-buy-voyager), Bybit, Huobi, and OKX spread losses from the liquidations, interest in BTC rose as many traders saw a positive signal from the crypto market activity.

By the close of Monday, 13 March, BTC recorded a trading volume of approximately [$49.5 billion](https://coinmarketcap.com/currencies/bitcoin/historical-data/), the year's high and the largest since November 2022.

Overall, the crypto economy has been on a rebound in 2023. As always, the first digital currency has made up for gains lost during 2022 when it was crippled by Russia/Ukraine crisis, rising interest rates which led to renewed interest in government bonds and bills, and, of course, the crash of TerraUSD (UST). As of 10:00 UTC, BTC was up 48% year-to-date (YTD).

Despite the ups and downs of the crypto market, analyst Freddie Max at [Price Prediction.net](https://priceprediction.net/en/price-prediction/bitcoin) foresees BTC climbing to an average price of $31,243, testing the smallest possible price of $30,356, and reaching the best possible price of $34,916 by the end of the year.


Bitcoin Liquidations Spark Price Spike 

[POLi Payments](https://www.polipayments.com/index.html) is an online payment system that provides customers with a secure and convenient payment method, and allows them to buy cryptocurrencies, including Bitcoin.

This payment system is a subsidiary of Australia Post, one of the world's largest postal services. The company has been operating since 2010 and is headquartered in Melbourne, Australia.

The platform enables users to purchase [Bitcoin](/news/article/bitcoin-fear-and-greed-index) or crypto using POLi deposits through trusted exchanges regulated in Australia by AUSTRAC. It employs a direct connection to the user's bank account, meaning there is no need to provide credit card details when making a payment. The only requirement is the user's internet banking login details.

Once the user has logged into their bank account via the POLi platform, they can select the amount of money they want to transfer. The funds are transferred immediately from the user's bank account to the merchant's account.

## How to buy Bitcoin with POLi Payments

In Australia, it is advisable to purchase Bitcoin or other cryptocurrencies using POLi through a broker registered with AUSTRAC (the Australian Transaction Reports and Analysis Centre) and regulated by ASIC (the Australian Securities and Investments Commission).

[eToro](/news/article/etoro-uk-review) is a trusted multi-asset investing platform that meets these requirements, offering a broad range of more than 70 cryptocurrencies. The platform is ideal to buy Bitcoin with POLi. Below is the step-by-step process:

•	Step 1: Register an account with [eToro](/news/article/etoro-fees) and complete the verification process, whether for personal or company use.

•	Step 2: Input the desired amount in AUD that you wish to deposit on the eToro platform.

•	Step 3: Log in to your bank account via the POLi platform and deposit your preferred fiat currency.

•	Step 4: Locate the cryptocurrency you wish to purchase and execute your trade.

## Is the payment platform safe?

The platform provides a secure and reliable online payment system to safeguard your personal and financial information. The company employs cutting-edge security protocols such as 128-bit SSL encryption to ensure the safety of your data. 

Furthermore, your transactions are processed through a secure connection to your bank, and your bank login details are never stored on the server. This makes it an ideal option for online payments, particularly if you do not possess a credit card or do not wish to use one for online transactions.

## Bottom line

POLi Payments is a reliable and efficient option for individuals purchasing cryptocurrencies such as Bitcoin in [Australia](/news/article/australia-crypto-regulation). This payment method is characterized by its fast, secure, and user-friendly process. Using POLi deposits, customers can securely buy digital assets through the eToro exchange at low transaction costs.

For those searching for a viable alternative to traditional payment methods when acquiring cryptocurrencies within Australia, POLi payments could be the ideal solution.


How to Buy Bitcoin with POLi

US Government law enforcement has transferred some 50,000 Bitcoin seized from Silk Road hackers in the past two years. The Bitcoins are worth around $1 billion and are related to multiple US government wallets.
On 8 March, addresses connected to US law enforcement transferred BTC to the second largest crypto exchange, Coinbase. Currently, some of the confiscated assets are on sale on the Coinbase exchange, while others were moved to new addresses.

The news has also triggered a dip in the price of BTC. Is the [Bitcoin bull](/news/article/bitcoin-bull-or-bubble-debate) over?

## Silk Road Bitcoin transfers

A blockchain analytical firm, [PeckShield](https://twitter.com/PeckShieldAlert/status/1633331891347820544?s=20), has shared the details of the seized [BTC](/coins/btc) transfers. According to the firm's data, a law enforcement office of the US Government made three transfers. More than 50,000 BTCs were in these wallets.

Among these transfers, most were internal. However, PeckShield pointed out that the US Government wallets transferred 9,861 Bitcoins to the Coinbase cryptocurrency exchange.

The law enforcement department also made two other transfers. One included the movement of more than 30,000 BTCs to a wallet bc1qf2…fsv. The second transfer involved around 9,000 BTCs moved to an address bc1qe7…rdg.

The firm also revealed that the US Government confiscated Bitcoins from a marketplace on the Silk Road. According to PeckShield, the agencies [seized the unlawful assets](/news/article/feds-seize-bitcoin-stolen-crypto-scam) in November 2021 and March 2022.

## BTC transfer to Coinbase may trigger a sell-off

After the announcement of the transfer of seized BTCs to the Coinbase exchange, [BTC prices dropped](/news/article/bitcoin-volatility-price-drops) significantly. Usually, the increase in the inflow of an asset in the market results in high selling pressure. A high selling pressure means the asset price is going to decrease.

![btctransfer.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btctransfer_4db9344793.png)
 
Source: [CryptoQuant](https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-inflow-total?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=column)

This chart shows that the rise in BTC inflow has triggered the fall in its price. Though it does not indicate a continued sell-off in the market, it has certainly affected the current price. In the past 24 hours, the Bitcoin price dropped from $22,469 to just above $22,000.


green image of bitcoins with silk road coin and coinbase logo on top

Coinbase Receives Silk Road Bitcoin 

Anyone invested in or trading Bitcoin will understand the [power of technical analysis and accurate data](/news/article/how-does-crypto-trading-work), including the Fear and Greed Index.

Suffice it to say, there are a variety of sources, all of which profess to provide the most up-to-date information.

Bitcoin Fear and Greed Index is one such leading indicator popular with the online community.

The index appears as a Twitter account that claims to amalgamate data from various sources and provide a score based on trader and investor emotion and sentiment. The score ranges from 0 (extreme fear) to 100 (extreme greed), with a score of 50 representing neutral bias.

## ChatGPT

According to ChatGPT, the index considers factors such as volatility, market trends, social media sentiment, and trading volume in determining its score.

It must be remembered that this is only ever intended as an indicator and should never solely be used to base your investment decisions. That said, many successful investors use the index as part of their decision-making strategy. Technical analysis alone doesn't often paint an accurate picture, making the index a potentially handy tool to have at your disposal.

As you might imagine, higher scores suggest the market is overbought, whereas lower scores indicate a good time to buy.

The tool is free to access. Although it doesn't have a website, it uses Twitter to publish regular updates. I must admit that this does set off some alarm bells. Without concrete evidence, such as an API or data oracle, that demonstrates how these variables influence the indicator, the accuracy of the index must be called into question.

Although there is nothing to support the Twitter account 'Bitcoin Fear and Greed Index', [Alternative.Me](https://alternative.me/crypto/fear-and-greed-index/) produces a similar 'Crypto Fear and Greed Index', which gives ratings for the whole market.

## Sources

According to the analytics site [Look into Bitcoin](https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/), the index is derived from six variables on a daily basis. These are:

•	Volatility (25%) – The current rate of volatility over the previous 30 and 90 days. It is widely accepted that higher volatility rates generally indicate an anxious market.

•	Volume (25%) – Again, relative to the previous 30 and 90 days, exceptionally high levels of trading volume can indicate high levels of greed in the market.

•	Sentiment (15%) – The index looks at general social media sentiment towards crypto with relevance to historical norms.

•	Surveys (15%) - Public polling platform StrawPoll was conducting weekly opinion surveys to garner the sentiment of a series of investors. However, this has been paused for the foreseeable future.

•	Dominance (10%) – BTC's overall market dominance is recorded and taken into account.

•	Trends (10%) – Google trends are viewed and analysed to identify strong periods of growth and decline in the market.

## Investment advice

When you overlay the index across the BTC price history chart, the usefulness of the indicator becomes apparent. While this tool may not be laser accurate, it becomes clear that when the indicator enters the lowest 10%, historically, this is the best time to buy BTC. Likewise, when scores reach the upper bands, this is a great time to consolidate profits and sell.

Users of the Crypto Fear and Greed version by Alternative.Me can install and embed the indicator widget to their website with minimal coding skills. However, Alternative.Me claims that despite listing the sources of its information, it is not 'investment advice, financial advice, trading advice, or any other sort of advice'.

## Other options

There are a wide variety of indicators available to the conscientious crypto investor. Models such as Stock to Flow, Pi Cycle Top Indicator, and the Rainbow Price Chart Indicator are all helpful in improving overall decision making.

It is important to view the Bitcoin Fear and Greed Index as a part of your crypto toolbox. It is a tool that, together with others, helps to form a picture of the current state of market conditions.


scared man and greedy man on blue background

Bitcoin Fear and Greed Index Explained 

Among the most popular Bitcoin mining pools available on the market today is MetaMining Club.

Based in Abuja, Nigeria, MetaMining Club is Africa's fastest growing blockchain mining operation and provides its clients with the opportunity to benefit from the mining of Bitcoin with minimal effort.

## Why mining?

The rise of Bitcoin has left many asking, "how do I get involved?". The recent volatility of crypto market trading means the search for Bitcoin passive income has never been greater.

For some time, one of the most popular methods for making money in crypto has been to get involved in mining. Crypto mining is the validation of transactions across a Proof of Work (PoW) network.

Computers battle to solve complex algorithmic math problems in a competition to process the next block of data on the chain – hence the term blockchain. For doing this, miners are [rewarded a portion of the fees](https://en.wikipedia.org/wiki/Cryptocurrency#Mining) charged to those sending crypto.

Mining Bitcoin has proven to be a very lucrative business, with large mining 'farms' set up worldwide. Some of these operations consist of thousands of mining rigs processing many transactions a day.

As you are probably all aware, mining [Bitcoin uses a massive amount of electricity](/news/article/crypto-mining), so much so that many Bitcoin mining farms look to locate their rigs in cold climates (negating the need for expensive air conditioning) with low electricity rates.

## Pool mining

Mining crypto has become increasingly difficult with recent rises in the cost of electricity and the hardware needed to compute ever-complex calculations. There is, however, a cheaper alternative to setting up your own mining operation. This is what is known as Bitcoin pool mining. With pool mining, no technical knowledge is needed. As the name suggests, you simply contribute to a pooled mining operation that conducts [all the hard work for you](https://river.com/learn/how-bitcoin-mining-pools-work).

[MetaMining Club](https://metaminingclub.com/) can manage the entire process for you – all you have to do is invest your money with them.

MetaMining Club has 10 'packages' to choose from, costing from under £2,500 up to £39,000. Each option promises varied levels of returns. For example, if you opt for the CityBoy package costing 7 million Naira (£12,618), you can expect payouts of somewhere between 480,000 and 880,000 (£865 - £1586). Calculations are a little vague, but the website shows that the expected monthly mining output is somewhere between 0.0029 and 0.0043 BTC. All machines used are S91 Antminers, which can process up to 15.2 Terra hashes per second.

## Risks

MetaMining Club offers the customer the chance to get involved with Bitcoin mining without getting their hands dirty. MetaMining Club hosts machines on their own mining farms and, in turn, connects these machines to major mining pools. This way, MMC can ensure that its returns are among the best in the business.

The high hash rate output is also one of the main reasons MetaMining lub can provide above-average rates of return.

Obviously, investing in crypto comes with risks. However, as miners are not actively trading, the volatility associated with crypto does not have any bearing in this situation. Furthermore, because MetaMining Club connects to mining farms abroad, they do not have to comply with restricting legislation in your resident country.

With any investment, it is important to conduct your own research and due diligence before you decide to part with your hard-earned cash. I advise the same in this situation


Metamining: Earning Passive Income from Bitcoin

Bitcoin has now completed its 11th straight day outside the "Fear" zone on the Crypto Fear and Greed Index, extending its longest stretch since late March. What is today's price?

## What is today's Bitcoin price?

Today's Bitcoin price reached $23,955, its highest level of the year. It has now dropped marginally to $23,687 as of this writing. Meanwhile, sentiment is solidly in the Greed zone, with a score of 61, its highest level since bull run peak on around 16 November, 2021, when it was about $65,000.

## Will the Bitcoin price last? 

Despite the coin's recent strong rebound, market players continue to discuss whether the current price rise is part of a [bull trap](https://seekingalpha.com/article/4573410-bitcoin-bull-trap-fully-loaded-technical-analysis) or whether there is a genuine opportunity for a [bull run.](/news/article/bitcoin-forecast-2023)

The current rise has brought many more holders back into the green. 64% of BTC investors are currently profiting, [according](https://app.intotheblock.com/coin/BTC) to statistics from the blockchain intelligence portal IntoTheBlock. According to on-chain analytics firm Glassnode, those who initially purchased BTC in 2019 are also back in profit. 

## What will be today's BTC price?

The average first-time purchase price for [BTC](/news/article/bitcoin-to-pounds) investors in 2019 was $21,800, implying that those investors are up nearly 9% at $23,687. 

Meanwhile, according to a [survey](https://twitter.com/coingecko/status/1619790705567895552) conducted on 29 January by crypto market platform CoinGecko, 57.7% of 3,725 respondents expect BTC will reach $25,000 this week, while just 21.2% believe BTC will fall below $22,000.

## Analyst views on BTC resurgence

Dr Jeff Ross, the founder and CEO of Vailshire Capital, also gave a technical analysis, predicting that a short-term spike toward $25,000 is possible. 

On 29 January, Blockware's head analyst Joe Burnett warned his 43,900 Twitter followers that BTC will not reach and surpass its all-time high of $69,000 until after the second halving event, which takes place in March 2024.

According to Lyn Alden, a macroeconomist and financial consultant, there may be significant danger ahead, with [potentially risky liquidity circumstances](https://www.coindesk.com/markets/2023/01/10/poor-bitcoin-market-liquidity-keeps-crypto-whales-at-bay/) predicted to jolt the market in the second half of 2023.


What is today's Bitcoin price?

Mercado [Bitcoin](/news/article/btc-price-today) is a Brazilian cryptocurrency exchange founded in 2016. It is centralised, has almost 1 million traders, and has a 24-hour trading volume of around 89.91 from 146 coins and 146 trading pairings. BTC/BRL (42.04) is the most active trading pair on the Mercado Bitcoin exchange. 

With more than 2 million registered clients and over 12 billion reais in transactions through 2019, the company's platform usage volume has increased 15-fold in the last 18 months. Expectations for the following two to three years are considerably higher, with a 100-200x increase predicted.

## How does Mercado Bitcoin expect to grow?

After extensive research into Google Cloud products, it was discovered that they were ideal for the demands of its IT team, particularly in terms of performance, security, stability, and support. Such expansion necessitates a highly scalable infrastructure, increased security, and enhanced application administration. The firm already utilised [Google](/news/article/solana-news-google-becomes-validator) Cloud for a few data storage functions and hosted its platform servers elsewhere.

## Mercado Bitcoin announces first stablecoin

Mercado Bitcoin (MB), [Brazil's](https://www.crypto-news-flash.com/stellar-lumens-gets-first-stablecoin-from-brazil-with-mercado-bitcoin-fostering-ecosystem-growth/) largest cryptocurrency exchange, has announced the debut of its first stablecoin, the MBRL, which is purportedly backed by reais. According to the release, the MBRL stablecoin is on the Stellar (XLM) network. 

However, the cryptocurrency exchange has stated that the MBRL stablecoin would be available on other blockchains. Furthermore, the success of a stablecoin is directly proportional to the number of chains it traverses. The objective is to accelerate the potential for the adoption of blockchain applications in Brazil, and produce solutions that empower clients' daily transactions, stated Reinaldo Rabelo, CEO of MB.

The Stellar community will benefit significantly from Mercado Bitcoin's MBRL stablecoin due to increased on-chain activity. Furthermore, the MBRL stablecoins will pay Stellar Lumens blockchain fees using XLM.

## Partnership with Druid

[Mercado Bitcoin](https://forbes.com.br/forbes-tech/2022/12/mercado-bitcoin-amplia-atuacao-e-estrutura-frente-de-games-e-e-sports/), one of Latin America's leading Bitcoin marketplaces, has launched a gaming and e-sports front, with the first announcement being the sponsorship of the INTZ squad. Druid Creative Gaming, a specialised agency, will be responsible for the strategy, conception, and implementation of MB activities for games, metaverse, activations, and sponsorships for the e-sports market.

Druid and Panamera worked together to create a film that features the streamer Sher as an ambassador. She is the first trans streamer of INTZ and was responsible for organising the first League of Legends for transgender people championship, in addition to winning the 'Best Female Streamer' award at the CCXP Awards. 

As a first initiative, Druid is launching a campaign announcing a relationship with INTZ, intending to merge the segment's present expanding strength with the crypto world's advances.


Green image of mercado bitcoin logo on abstract background

What is Mercado Bitcoin?

Bitcoin (BTC) had a significant price increase at the start of the new year.

However, some experts are still determining if the cryptocurrency will maintain its upward trend in the near to medium term. The significant price increase of BTC, with 14 consecutive days of price rises earlier this month, has [sparked debate](https://cointelegraph.com/news/bitcoin-price-surge-breakthrough-or-bull-trap-pundits-weigh-in) among many as to whether it marks a significant "breakthrough" or is simply a [Bitcoin](/news/article/bitcoin-surge-hits-new-heights) bull trap.

## Experts opinions on the potential for a Bitcoin bull trap

On January 23, James Edwards, a cryptocurrency analyst from the Australian fintech company Finder, told Cointelegraph that the possibility of a "bull trap" is increasing and that the recent surge in the market could be temporary. He explained that as a result, we would see more companies selling off assets as they try to manage their debt by releasing tokens onto the market and remaining financially stable.

Edwards stated that several significant obstacles must be overcome before a new bull market in cryptocurrency can start.

According to Bloomberg Intelligence Senior Commodity Strategist Mike McGlone, the primary obstacle for Bitcoin and cryptocurrency prices is the global economic recession and tightening policies by central banks. He also stated that the macroeconomic ebbing tide is still the primary headwind for Bitcoin and crypto prices.

On January 21, cryptocurrency analyst and swing trader "Capo of Crypto" warned his 710,000 Twitter followers that the past push resistance for [BTC](/news/article/scaramucci-bitcoin-price-prediction) looked like "the biggest bull trap" he has ever seen.

IncomeSharks has a positive outlook, and they shared a chart titled "Wall St. Cheat Sheet" to its 379,300 Twitter followers on January 22, mocking those who believe that the recent price movements are a sign of a "bull trap".

Recently, Sem Agterberg, the CEO and co-founder of CryptoSea, suggested a possible "Bull Flag Breakout" towards $25,000 may be imminent. His series of [tweets](https://twitter.com/rovercrc/status/1616528285164343297) expressed a bullish sentiment toward BTC price action.

Some individuals have chosen not to predict the future price of Bitcoin due to the market's volatility.

## What does the Fear and Greed Index say?

According to [Alternative.me](https://alternative.me/crypto/fear-and-greed-index/), the current value of Bitcoin (BTC) is $22,738 and the Bitcoin Fear and Greed Index is at a neutral level with a score of 50 out of 100. On January 13, the cryptocurrency broke away from the "Fear" zone, recorded at 31, as the BTC price rose for seven consecutive days.


green image f bitcoin and pile of gold with Bitcoin trading image on a mobile phone

Bitcoin Bull or Bubble? The Debate

In the early days of 2023, Bitcoin drives the crypto market and Bonk, a new meme coin, is making waves with its surge.

BTC, the top cryptocurrency, has gained 26% so far this month, including 22% in the past week, rising back above $20,000 and setting it up for its best month since October 2021, shortly before the Big Crypto Crash.

Ether has risen 29% this year, helping push the global cryptocurrency market past $1 trillion, according to CoinGecko. "After a tough year last year for cryptos, we are seeing a type of mean reversion," [said Bespoke Investment Group analyst Jake Gordon](https://www.reuters.com/technology/cryptoverse-bitcoin-is-back-with-bonk-2023-01-17/), referring to asset values returning to long-term norms.

Bitcoin surge drags crypto market up with it
Dogecoin and Shiba Inu have risen by 19% and 27% in 2023. But buyers beware.

Wave Financial co-founder Les Borsai advised investors to be wary of altcoins like DOGE, Shiba Inu, and Bonk. However, speculators are speculating on these tokens.

[Since FTX, the crypto exchange, filed for bankruptcy in November](/news/article/is-crypto-dead), the Solana blockchain has lost funds and users. However, Bonk, a dog-inspired Solana meme coin, is gaining popularity. The Solana token has risen 131% in the first few weeks of 2023, the largest gainer among significant cryptos.

Tom Dunleavy, senior research analyst at data firm Messari, said talk of Solana's death have been "highly overblown". The ecology is strong despite speculation driving price appreciation.

## Crypto reversal too early

Crypto gains were attributed to anticipation that inflation had peaked, decreasing the need for tighter central bank policy. "Bitcoin and crypto tend to front-run everything," said Wave Financial's Borsai.

According to Blockchain.com, Bitcoin trading volumes on major exchanges reached $151 million in a week, the largest in nearly two months. Chainalysis data showed a Bitcoin surge with total BTC flows, including trading and payments, rising by 13,130 BTC in the last seven days, the greatest increase in 64 days.

Market watchers cautioned against premature celebration due to low trading volumes and macroeconomic uncertainty.

"Despite the recent surge we've observed, it's too early to proclaim a definitive reversal for the crypto market," said Prometheum co-founder Aaron Kaplan. He added that if interest rate increases are below market expectations, there will be a benefit to risk assets. This could, he said, see crypto prices continue to trend upward.

Kaplan, however, warned: "There's too much uncertainty right now."


green bitcoin token with transaction background

Bitcoin Surge Hits New Heights for early 2023

Hopes for a cryptocurrency market recovery have created a bullish Bitcoin price prediction for 2025.

In 2022, the cryptocurrency market experienced a significant decline in value, losing around $1.4 trillion. The industry was plagued by liquidity problems and several bankruptcies, culminating in [the failure of the exchange FTX](/news/article/is-crypto-dead).

However, according to Anthony Scaramucci, 2023 will be a year of recovery for Bitcoin. He predicts it could reach $50,000 to $100,000 within the next two to three years. He also emphasized that investing in Bitcoin involves taking on risk, but as we have faith in its increasing adoption, we could see things going the right way.

## Why are experts expecting a bull run in 2024-2025?

Interviews with industry experts by [CNBC revealed](https://www.cnbc.com/2023/01/16/bitcoin-price-prediction-2023-investors-see-12000-to-30000.html) that the crypto market goes through regular cycles every four years. These cycles involve the cryptocurrency reaching an all-time high, followed by a significant correction and a period of recovery. The key event that precedes these cycles is known as "halving," where the rewards for mining Bitcoin are cut in half.

This slows down the supply of Bitcoin in the market, as there will only ever be a maximum of 21 million in circulation. Halving events, historically, have been followed by a bullish market trend, with the next halving set to occur in 2024. And for that reason, when we see a Bitcoin price prediction 2025, we tend to have a [bullish outlook](/news/article/will-bitcoin-go-back-up).

Nevertheless, Meltem Demirors cautioned that the events of 2022 have inflicted severe harm to the reputation of the cryptocurrency industry and the asset class as a whole. He said it would require some time for trust to be restored.

## Other factors that could influence Bitcoin pricing

As well as watching the cryptocurrency market, it is worth paying attention to the broader economic situation. We have already seen a strong correlation between crypto and risk-oriented assets such as stocks, specifically the technology-heavy Nasdaq. These assets are impacted by fluctuations in interest rates determined by the Federal Reserve and other macroeconomic factors.

Last year, the Federal Reserve's attempts to decrease inflation by raising interest rates resulted in negative effects on risk assets.

green image of anthony Scaramucci pointing at falling bitcoins

Bitcoin price prediction 2025: Scaramucci's view

Bitcoin has been the biggest currency in the crypto industry for years. Phenomenal as it is, BTC has seen its fair share of ups and downs, especially in 2022. Now investors are asking, 'will [Bitcoin](/news/article/bitcoin-investors-turn-to-self-custody) go back up in value?'.

For the past few years, Bitcoin has been on a rollercoaster ride. From its all-time high of around $68,000 in November 2021 to its current price of $18,143 (12 January), the value of this digital currency has been highly volatile. It lost more than 70% of its value between November and mid-December. This is why investors wonder, 'will Bitcoin go back up?'.

[Predicting the future is difficult](/news/article/bitcoin-volatility-price-drops). A few factors, nevertheless, can help investors understand more about the likely course of Bitcoin's price in the future.

## What is Bitcoin

Bitcoin was the first cryptocurrency. In 2009, it was created by an unknown person with the assumed name of Satoshi Nakamoto.

It is a revolutionary technology used as an electronic cash system that has already changed the world. Investors refer to it as digital gold since it is a currency that stores value.

## Will Bitcoin go back up - The influencing factors

What factors affect its price? Knowing this will help us to understand why the BTC price behaves as it does and to unravel the "will Bitcoin go back up" question.

1.   Adoption of cryptocurrency by the masses
The widespread acceptance of cryptocurrencies is the primary factor determining Bitcoin's future. Cryptocurrency will become more in demand if more people want to use it. 

As a result, the cost of this cryptocurrency will increase.

Currently, there is still a relatively small market for the currency. This indicates a limited supply of this first-mover cryptocurrency and a limited pool of buyers. This scenario directly means that the price of the same may decrease if there is a decline in demand.

However, the market for Bitcoin is expanding, which is good news. The interest in it is growing, and more businesses accept it as a form of payment. This can only portend a bright and successful future. So, yes, Bitcoin will go back up again in the future.

2.   Regulatory environment of cryptocurrency
The regulatory environment of cryptocurrency is significant. 

If governments regulate the cryptocurrency market and adopt a more favorable stance towards Bitcoin, this will create more stability and trust, leading to higher prices.

However, some things potentially cause the price of this digital currency to go down significantly. Unfavorable government regulations have a negative impact on the price. 

For instance, governments around the world have been hesitant to embrace it. One must wonder, will Bitcoin go back up if governments pass legislation restricting or prohibiting people from buying or selling the currency? This will only cause its price to drop notably.

3.   Development of the underlying technology
For Bitcoin and other cryptocurrencies to thrive, developing underlying technology is fundamental. If the technology behind it is improved, this will lead to more efficient and secure transactions, which will increase the demand for the currency and cause the price to go up.

At the moment, this online currency is still relatively new, and many don't understand it. If the public becomes less trusting of the technology, it will eventually drive people to sell off their investment, driving the price down.

However, at the moment, Bitcoin's underlying technology is constantly evolving. This indicates that the technology is improving in terms of efficiency and security. As more people develop confidence in the technology, it will result in an increase in its value.

4.   Usage as a medium of exchange
The usage of this cryptocurrency as a medium of exchange is another aspect that is influencing consumer demand. A growing number of online and offline retailers accept Bitcoin as a form of payment. As a result, more individuals might begin utilizing it to make purchases of goods and services, which could boost demand and raise the currency's price.

5.   Usage as a store of value
The usage of Bitcoin as a store of value is another aspect that affects its price. Some investors purchase it as a hedge against inflation and other economic risks because they view it as a safe haven asset, similar to gold. The demand for Bitcoin might rise if this pattern persists, consequently raising the value of the [digital currency](/news/article/digital-currency-group).

6.   Overall state of the world economy
The overall health of the global economy will also impact the price of Bitcoin. People may be more inclined to invest in it, thus increasing its value. Nonetheless, this is only possible if the economy is strong and there is little inflation.

On the other hand, consumers may be less likely to invest in the currency if the economy is struggling and there is excessive inflation, which could result in a decline in its price.

7.   Positive news on Bitcoin
Last but not least, the news surrounding Bitcoin is vital. If there is positive news surrounding it or its technology, then this could lead to more investor interest and higher prices.

If there is negative news surrounding this digital currency or its technology, then this could lead to a decrease in investor interest and lower prices.

Having said that, will Bitcoin go back up again? Positive and optimistic news on this subject will greatly help bring things back on track.

## When Bitcoin prices have dropped, here is what to do

Undoubtedly, a large drop in digital currency prices, especially Bitcoin, instills great fear in people. At this moment, the cryptocurrency world is under immense pressure, especially due to the tightening US Federal Reserve monetary policy. The change has affected Bitcoin and other currencies like [XRP](/news/article/xrp-lawsuit-update), Ethereum, and Cardano. Global stocks have seen a drop in prices as well.

So, will Bitcoin go back up? Yes, hopefully. And this is what [you should do](https://zipmex.com/learn/bitcoin-price-prediction/#:~:text=Compared%20to%20the%20previous%20year%2C%20Bitcoin%20price%20tends%20to%20significantly,2024%2C%20along%20with%20other%20cryptocurrency.) while waiting.

1.   Avoid selling out of panic and maintain your position
Always remain calm, take your time to investigate, and consider the situation. Speak with an expert before purchasing or selling your digital currency if you find some concepts difficult to understand. Your investment portfolio, which you have worked so hard to build, will be badly impacted by a hasty sale or acquisition of Bitcoin. 

It could result in significant losses that take you a long time to recover from, or you never recover at all.

2.   Analyze the current situation
Always ask yourself, "What is causing the prices to drop?". Are there significant happenings in the world that are affecting these prices? Strive to keep up-to-date with the current state of affairs globally and especially so in cryptocurrency. You can achieve this by watching news and programs on TV, reading newspapers, or visiting relevant websites.

3.   Take a long-term perspective
If you're investing in Bitcoin, it's important to remember that it's a long-term investment and that market fluctuations are normal. Don't panic if the price drops, but as an investor, consider it an opportunity to buy more at a lower price. 

However, be careful on this one and engage an expert to be on the safer side.

4.   Diversify your investments
[Diversifying your investments](https://www.bankrate.com/investing/bitcoin-and-crypto-crash-what-investors-should-do/) is important, so if Bitcoin's price drops, your portfolio isn't overly exposed to the cryptocurrency. To balance your investments, consider investing in other cryptocurrencies, stocks, or even gold.

5.   Take into account dollar-cost averaging
With this method, an investor purchases securities on a recurring basis using a portion of the entire money to be invested. By doing this, the investors lessen the effect of volatility on their overall buy.

6.   Be hopeful
That's right. You have to be optimistic that things will get better eventually. If the big question still in your mind is, "Will Bitcoin go back up?", then the answer is a bold "Yes".

## Conclusion

To sum it up, it is impossible to predict when Bitcoin will go back up again. It is a risky endeavor since the currency's price is influenced by a wide range of factors, as already discussed, and it is highly volatile.

However, there is reason to believe that it will. As more people learn about Bitcoin and become interested in it, the demand for it will likely increase especially if the overall global economy is strong.

Governments are beginning to recognize the potential of cryptocurrency and are passing laws that regulate and legitimize it. The technology behind Bitcoin is constantly improving and growing.

All of these factors could ultimately lead to an increase in the price of Bitcoin. And who doesn't want that to happen?


Will Bitcoin Go Back Up?

You can find many Bitcoin forecast articles in the market, talking about the future price predictions of this cryptocurrency. Let's explore and learn more about Bitcoin before we discuss Bitcoin forecast or price prediction for the coming years.

## Bitcoin overview

Bitcoin is a cryptocurrency, also known as 'digital gold', with no logistic or border constraints. 

It's unaffected by the central government pressures and refuses to be chained into defective monetary shackles. Bitcoin (BTC) allows you to store and transfer value in the cryptocurrency market, taking power away from financial institutions. According to [our current Bitcoin forecast](/coins/btc), Bitcoin’s value will rise by 0.70% and reach $17,264 by January 15, 2023.

Cryptocurrency:	Bitcoin

Ticker Symbol:	BTC

Price:	$21,964.06

Price Change 24h:	    +2.32%

Price Change 7d:	    +1.69%

Market cap:	$331,049,753,994

Circulating Supply:	19,228,537 BTC

Trading Volume:	$20,702,743,176

All-time high:  	$68,789.63

All-time low:  	$65.53

BTC ROI:         +12618.46%

## Bitcoin forecast: technical analysis

The [current Bitcoin price](/coins/btc) is $17,141, with a market cap of $366,203,862,174. Its 24-hour trading volume is valued at $27,097,274,450, with a circulating supply of 19,176,800 BTC. Supply is limited to 21,000,000 tokens.

•	Over the last few months, Bitcoin has faced a massive fall. Also, traders and investors are confronting FUD in the crypto market.

•	On June 19, 2022, Bitcoin dropped to $17,770 for the first time since December 2020.

•	Since November 2021, the cryptocurrency market has lost two-thirds of its market share.

The BTC crypto price has not crossed the $24,890 mark ever since.

As a part of any Bitcoin forecast, many crypto analysts say that this continual fall in the BTC price may reverse the coin's position in the cryptocurrency market with second-placed Ethereum. The great ETH 2.0 merge has happened, aimed at enhancing the network's scalability and speed. With this falling price, will BTC remain the king of crypto? Whether Bitcoin stays extremely profitable will depend on those who hold a big chunk of BTC.

## Reasons for Bitcoin’s price fall

To create a proper Bitcoin forecast, we need to understand why Bitcoin's price has declined recently. Many factors affected Bitcoin's price, including supply and demand. Moreover, in the crypto industry, many price fluctuations originate from the high volatility in BTC prices. Here are the main factors that impacted Bitcoin’s price in the recent past:

•	Approval of BTC as an official payment means in various countries around the globe.

•	BTC’s approval as a financial asset by corporations and companies worldwide.

•	Issues related to the legalization of cryptocurrencies at the legislative level.

•	Tackling problems like low transaction speed and high service fees.

•	The US Federal Reserve policy becoming stricter towards the crypto market.

## The crypto winter: can Bitcoin survive it?

It's not just Bitcoin suffering from crypto winter, but the entire cryptocurrency market. The primary reasons are high inflation, Terra LUNA's collapse, hikes in interest rates worldwide, and balance sheet tightening by central banks.

Bitcoin has already started recovering, making trades above $19,000. But crypto experts predict that the crypto winter will last for at least a year before we start seeing any positive outlook. Nonetheless, Bitcoin, as king of cryptocurrencies, is expected to survive this downfall. Experts believe it will emerge stronger, with a long-term improvement for the crypto market. It could be a good time to [consider buying Bitcoin](/news/article/btc-price-today).

## Bitcoin forecast: price predictions from 2023 to 2030

At the beginning of 2022, Bitcoin's price was around $46,300. In March this year, it reached $47,689. The Bitcoin price has been continuously falling since, killing the hopes of retail and institutional investors.

•	[GOV Capital’s technical analysis for Bitcoin](https://gov.capital/crypto/bitcoin/) forecast predicts that the BTC will reach $52,711.06 in one year. Five years down the line, it might even cross $235,503.

•	Another analysis from [Wallet Investor](https://walletinvestor.com/forecast/bitcoin-prediction) predicts that the Bitcoin (BTC) future price may reach $47,496.74 by 2027.

•	[Digital Coin’s](https://digitalcoinprice.com/forecast/bitcoin#:~:text=According%20to%20our%20current%20Bitcoin,15.13%2C%20which%20means%20extreme%20fear.) Bitcoin forecast indicates that the price will reach $18,833.66 by the end of January 2023.

BTC's expected maximum trading price is $24,199.85. The minimum is $16,909.59. Currently, Bitcoin's value has been trading in a consolidating range because of the bear market scenarios. But the coin will soon get back on track and gain momentum, getting over the bear market. 

Look at the BTC price prediction table below for reference.

![Screenshot 2023-01-04 at 08.52.27.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_27_1d09c06a88.png)

## Bitcoin forecast for 2023: Good idea to buy Bitcoin?

As per our BTC price prediction for 2023, Bitcoin’s maximum expected value is $34,933. Its minimum trading value will hit the $18,188 mark. People looking to trade Bitcoin in 2023 can expect an average price of $26,561 — the price rise is expected to be over 80% by the end of December 2023. Looking at these rising rates of the BTC, we can say that it’s a good idea to buy it as soon as possible to make the most out of it in the future.

![Screenshot 2023-01-04 at 08.52.52.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_52_ee4045cd8b.png)

## BTC forecast: BTC price prediction 2024

According to our Bitcoin price prediction, the average price of BTC in 2024 will be $40,832. In 2024, you can trade Bitcoin at a maximum trading level of $51,438 and a minimum value of $30,225. Look below for clarity.

![Screenshot 2023-01-04 at 08.53.10.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_10_bfe1e2acc2.png)

## Bitcoin forecast: BTC price prediction 2025

Based on our Bitcoin forecast, we can say that BTC is all set to have a bright future. In 2025, you can expect the BTC price to rise to $39,512 (lowest) and $62,723 (highest) at the start and end of the year, respectively. Its average price may be $51,118. Look below at the table to see Bitcoin's price for 2025.

![Screenshot 2023-01-04 at 08.53.24.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_24_3855e9dde7.png)

## Bitcoin’s correlation with other coins

Bitcoin is most positively correlated with these coins:

•	Wrapped Bitcoin (WBTC).

•	DeFiChain (DFI).

•	Nexus Mutual (NXM).

•	Ethereum (ETH).

•	KuCoin Token (KCS).

Having a positive correlation with other coins signifies that these coins follow the same price trend that of Bitcoin at the same time.

Bitcoin is most negatively correlated with these coins:

•	Celsius Network (CEL).

•	Waves (WAVES).

•	Bitcoin Gold (BTG).

•	Fei USD (FEI).

•	UNUS SED LEO (LEO).

Bitcoin’s negative correlation with these coins means that the price of these coins typically moves in the opposite direction as that of Bitcoin price at that time.

## Bitcoin forecast: final verdict

The fundamental principle of forecasts is that they can't be wholly accurate. Bitcoin forecast is no exception either. While not being accurate completely, we can’t overlook or avoid these forecasts since they lay their foundation on market trends.

Moreover, they come from industry experts, technical analyses, and influencers’ verdicts, bringing some credibility to the table. Looking at the current trends in BTC prices, we can predict that the rate will rise in the coming years. Those who buy Bitcoins now will make the most out of them in a couple of years.


green image of weatherwoman and bitcoin raining from sky

Bitcoin Forecast: 2023 and Beyond

Ever wondered how to send Bitcoin? Sending Bitcoin (BTC) is a straightforward process. You will require three things; a crypto wallet, some Bitcoin, and the recipient's address. You will also have to ensure you have some extra funds to cater to the transaction fees.

Depending on your crypto wallet, the process of sending the cryptocurrency could be slightly different. However, the steps are generally the same for most wallets. For the sake of this article, we'll be using the [Bitcoin.com wallet](https://wallet.bitcoin.com/?_gl=1*1xz6ata*_ga*MzM1ODA3MDk3LjE2NjgxOTMwODY.*_ga_ERLPF60ZDD*MTY2ODY1NDE2Mi42LjEuMTY2ODY1NzE0MC4wLjAuMA..) to send the cryptocurrency.

## How to send Bitcoin: Four simple steps

### Step 1: Access the wallet

You’ll first have to access the Bitcoin.com wallet before you can transfer the cryptocurrency. Once there, tap the “send” button to access the list of supported cryptocurrencies. From the list, select the coin.

### Step 2: Enter the recipient's address

A BTC address is an alphanumeric string. This will sometimes look something like: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy.

To enter your recipient’s address, you have the option of copying it to your clipboard and then pasting it in the send field. You can also scan the QR code of their address using your phone's camera. This will automatically fill it in. Not all wallets have the QR code technology.

### Step 3: Enter the amount

Enter the amount you wish to transfer. Double-check to ensure you are sending the right amount. If you transfer less, you will incur extra network fees for sending the rest. If you transfer more, well, it's your loss.

[Most wallets](/news/article/best-ethereum-wallet) allow users to toggle between seeing the send amount as BTC or showing it in their local currency.

### Step 4: Confirm the transaction

Once you are sure all the information you’ve provided is correct, tap or toggle the send button. And as simple as that, you've sent the cryptocurrency to your intended recipient.
Some wallets may require users to select the network fee before confirming the transaction. The transactions may be trustless, but they do cost a network fee.

## Network fees

Network fees are funds paid to miners and validators for validating and adding transactions to the next block in a blockchain. They act as an incentive for miners and validators to confirm transactions.

Many [BTC wallets](/coins/btc) allow users to customize the network fees when sending the cryptocurrency. Bitcoin.com wallet, for example, has three fee settings as well as the option to set custom fees.

The "Fast" speed is the default speed and will have your transaction confirmed in less than 30 minutes. The "Fastest" speed will have your transaction confirmed in less than 20 minutes, but you'll pay a higher fee. Then there is the "Eco" network fee option that will save you some cash, but will result in your transaction getting confirmed in less than 60 minutes.

Transactions with higher fees tend to be picked up faster by miners because they have higher profitability. They are therefore confirmed faster. For wallets that allow users to customize network fees, you can opt for faster transaction processing by paying a higher fee.

## Conclusion

Sending BTC is an easy process. However, if you are not careful about the information needed for the process to be successful, including using the correct recipient address and filling in the right amount, it can easily become one of your biggest mistakes or regrets.

The process is irreversible. If the coins go to the wrong address, you are never getting them back. You should always be careful while transacting in crypto assets.
 
 


How to Send Bitcoin

Want to know how to buy Bitcoin in the UK? Bitcoin is a digital currency operating independently of any central authority or government oversight. It is based on peer-to-peer software technology and cryptography.

It is open-source and is designed to be open to the public, no one owns or controls the coin, and anyone can participate. Many of Bitcoin's unique properties enable exciting uses that no previous payment system could cover.

Purchasing Bitcoin is the easiest way to invest in the rapidly growing cryptocurrency industry. The leading digital asset has established itself as a giant deflationary currency, prompting investors all over the UK to look for Bitcoin exchange platforms.

In this How to buy Bitcoin UK Guide, we explore the options.

## How to buy Bitcoin UK?

You can use the exchange platform eToro to buy [Bitcoin](/news/article/bitex-trade-bitcoin) in the UK by following these quick steps:

1.	Create an eToro account - To access the registration page, go to the eToro site and click on 'Join Now.'

2.	Deposit Funds: Deposit a minimum of $50 (£43) into your account via bank wire transfer, credit/debit card, or e-wallet solutions.

3.	Search the coin - Enter 'BTC' into the search bar and select the appropriate popup result.

4.	Buy - Click' Trade' to open the purchase page. Enter the amount of coin you want to purchase and click 'Open Trade' to finish the transaction.

## Where to buy Bitcoin in the UK? 

If you've ever Googled 'how to buy Bitcoin UK', this may answer some of your questions. Looking for the best exchange platform in the UK with the lowest fees to purchase Bitcoin? The top exchange for buying Bitcoin in the UK are listed in this section.

1.	[eToro](/news/article/etoro-fees) - The best exchange to buy crypto
eToro is a multi-asset exchange platform that enables users to invest in various stocks and cryptocurrencies. On eToro, investors can choose from over 115 cryptocurrencies, including well-known coins such as Bitcoin, Ethereum, and Litecoin. It is, without a doubt, among the best sites to purchase Bitcoin online.

Opening an account with eToro is free, and you receive a free trial account worth $100,000 to test the waters with cryptocurrency and other assets before committing to them.

In terms of trading tools, eToro offers copy trading, which allows new investors to replicate the successful trades of more professional investors. This minimizes possible losses while increasing expected returns. The low fees charged when trading Bitcoin are what truly distinguish eToro.

2.	[Coinbase](/news/article/coinbase-google-partnership) - Leading platform to buy Bitcoin UK
Coinbase is a cryptocurrency trading platform that allows you to buy, sell, and earn popular crypto assets all in one place. It offers over 100 cryptocurrencies and other digital assets, including significant coins such as Bitcoin, Ethereum, and Dogecoin. 

Coinbase's mainstay is its highly intuitive user interface, which makes it simple for new investors to trade cryptocurrencies. You can set up recurring trades and gradually invest in digital currencies by scheduling daily, weekly, or monthly purchases. You can also log your transactions and monitor market changes using the online app or the iOS and Android mobile applications.

The platform also provides crypto and NFT storage in a single location. Users can also earn interest when using the Coinbase Wallet. 
On debit card deposits, Coinbase charges a 3.99% deposit fee. Other fees are based on the size of the trade, with transactions under $10,000 attracting a 0.50% taker and a maker fee.

3.	[Binance](https://www.binance.com/en) - Best low fees exchange platform
Bitcoin is prominent in the Binance exchange's daily transaction volume. Since then, the top crypto dog has established Binance as one of the world's most elite exchange platforms.

Changpeng Zhao launched [Binance](/news/article/guide-to-binance-uk) in 2017, and the Bitcoin exchange has become a popular destination for investors due to the diverse range of digital assets available. The platform supports more than 500 crypto assets and charges a base fee of 0.10%. This is taken further with the Binance Coin, which reduces it to 0.025%.

Binance provides real-time price updates and several innovative services, such as margin and futures trading. The minimum deposit is $10. (about 8.7 GBP).

4.	[Swapzone](https://swapzone.io/) - Platform to buy Bitcoin with crypto
Swapzone is a [cryptocurrency exchange](/news/article/best-exchanges-for-crypto-uk) aggregator that works in real time. This platform streamlines the exchange process by collecting the information required to find the best exchange rate.

It is currently a one-stop solution for exchanging 500+ cryptocurrencies from 15+ exchanges.

Swapzone's operating principle is as follows: the platform receives user inquiries, obtains deals directly from its partners, sorts them by rate, speed, and rating, and allows users to make swaps through selected providers without leaving the aggregator's website. In this way, Swapzone assists users in making informed decisions when saving money and time.

Another advantage of Swapzone is that all swaps are custody-free. As a result, you will not need to register if you want to buy BTC with cryptocurrency on this platform.



green image of bitcoins with a person buying bitcoin on their phone

How to Buy Bitcoin UK Guide

Looking for the top Bitcoin wallet UK options? This article could help.

If you are new to cryptocurrency and intend to purchase or mine cryptocurrency in the UK, selecting the appropriate wallet to store your virtual assets is critical. It makes investing in cryptocurrency easier and more convenient because you just need to manage your digital assets.
A Bitcoin or cryptocurrency wallet would help protect your virtual assets and keep hackers at bay.

Now that you understand the scope of a Bitcoin wallet, you will agree that not just any crypto wallet should handle such a sensitive task. Extensive research is required to find one that meets your needs.

When it comes ti Bitcoin wallet UK offerings, this article can assist you with that task. Ive done my research and compiled a list of Bitcoin wallet UK options that may be the quick route you're looking for to learn about the best available.

## Top 4 Bitcoin wallets UK

### Binance

[Binance](https://www.binance.com/en) offers a safe and secure way to store your cryptocurrencies in only one wallet. It is convenient to keep multiple digital assets in one place on the Binance platform. The mobile App is user-friendly and retains this quality on Android and IOS, providing a unique user experience. 

Binance also provides other crypto-related services such as peer-to-peer trading, buying bitcoin with cards and deposits, etc.

It should be noted that Binance supports over a million assets across 53 blockchains. Because of its range, you can store all of your cryptocurrency in only one wallet. Staking is one of the digital wallet's unique characteristics, similar to collecting interest while keeping your money in your wallet. Staking your coins also grants you the ability to participate in token governance and vote on important business decisions.

The Binance wallet also makes it simpler to store your NFTs and digital collectibles without worrying about security.

#### The Pros

•	Fast exchange of digital assets.

•	Supports over a million crypto assets.

•	Supports different languages.

•	Easy to set up.

•	Easy to deposit with UK accounts and cards.

#### The Cons

•	A set fee for transaction costs is applied to each withdrawal.

### Coinbase

[Coinbase](https://www.coinbase.com/) excels at user experience and is tailored to the needs of various users in the UK. Coinbase provides accessibility and helps new users navigate the crypto world. Coinbase protects your virtual assets with cutting-edge security technologies. The Coinbase platform provides flexible access to your wallet by providing both a web and a mobile wallet, which helps position it as a reliable platform.

The Coinbase platform is designed to be completely decentralized. That means it is a self-custody wallet in which users can choose to have complete control over their Bitcoin and crypto assets. Coinbase offers users the necessary software and security to store their cryptocurrency. 

Although, it is the user's responsibility to keep their password and private keys secure.
The Coinbase platform also includes staking, lending, and Yield Farming features.

#### The Pros

•	Offers both mobile and web-based wallets.

•	Offers the opportunity to earn more crypto through its numerous features.

•	Top-notch user experience.

•	Crypto tutorials and information to broaden users' knowledge.

#### The Cons

•	The connected wallet is always linked to the internet.

### Huobi

[Huobi](https://www.huobi.com/) provides a wide range of crypto services and is an excellent place to begin your cryptocurrency journey. Huobi functions similarly to a "social" cryptocurrency platform, connecting users with similar interests. This allows users to share and collect valuable crypto community tips across multiple social media platforms.

The Huobi platform gives users complete control and it doesn't require access to private keys. Your wallet keys are saved locally on the device, and they have provided multiple wallet backup options in case users lose access to their wallets.

The Huobi Cloud wallet assumes responsibility for securing private keys, as new users may need to be more familiar with this and may misplace them. The Cloud wallet grants access to various DeFi projects with a single click.

#### The Pros

•	Cutting-edge security technology.

•	Multiple wallets.

•	Social experience with other users.

#### The Cons

•	No web-based version. 

### eToro

The [eToro](https://www.etoro.com/) platform is reliable for users who want to begin crypto trading and investing. The wallet allows you to trade cryptocurrency without worrying about the safety of your funds. CySEC, the SEC, and the FCA in the UK regulate the crypto platform. With its vast network of resources, the wallet enables crypto traders to earn and gain trading experience.

eToro ensures that your deposits are safe and secure. It is worth noting that all eToro transactions are communicated using SSL technology, ensuring your personal information security. To help prevent fraud, your eToro wallet can only be funded by your own UK bank card or account; the platform does not allow deposits through another user's account.

Users can open a free demo account with the eToro wallet to avoid risking their funds immediately. This demo account also assists in providing insights into how the platform operates.
Deposits up to $250,000 are covered by insurance, promoting system stability and transparency.

#### The Pros

•	Amazing features for crypto trading.

•	Extensive library of educational resources available.

•	Cutting-edge security systems.

•	Wide range of cryptocurrencies accepted.

#### The Cons

•	More experienced users may find it a little less impressive.

## Conclusion

Hopefully, this guide to Bitcoin wallet UK options available has been helpful. Since Bitcoin’s emergence more than a decade ago, cryptocurrencies have consistently delivered faster and easier transactions. With improved security and transparency, the sector will continue to grow.

If you are just beginning your crypto journey in the UK and want to learn more about crypto features, you can read [Guide to Crypto Lending, Staking, and HODLing](/news/article/crypto-lending). Only after you've found an utterly secure Bitcoin wallet UK option for your assets should you consider how to buy and grow your portfolio.

So, go ahead and take the first step toward discovering the potential of the cryptocurrency world.


Bitcoin Wallet UK Offerings Rated

After [falling from more than $21k](https://in.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD) on 6 November, 2022, to less than $16k on 20 November, Bitcoin has had a good start to December. The BTC price rose as high as $17,413.89 yesterday and was holding $17k into the Wall Street open today.

![btc 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_1_97f4521945.png)
  
Source: [TradingView](https://in.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD) (BTC/USD)

BTC is trading at $17,002 at the time of writing. Will the BTC price today surpass $17.5k? With the festive season in full flow, how high will BTC trade by the end of this year?

## BTC price today: will Bitcoin cross $17.5k?

Having hit three-week highs, according to [TradingView data](https://www.tradingview.com/), Crypto Twitter (CT) certainly is upbeat!

According to Michael van de Poppe, CEO of the trading platform Eight, if Bitcoin cracks $17.4-17.6k, it is likely to gain momentum and rise to $19k. Having crossed $17.4k yesterday (5 December, 2022), it remains to be seen whether Bitcoin can sustain its price levels and continue to increase in price.

![btc 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_2_3d044f383f.png)
 
Source: [@CryptoMichNL](https://twitter.com/CryptoMichNL/status/1599680392470351873) (Twitter)

 Davinci Jeremie, a public speaker and crypto educator, posted an interesting tweet asking CT for their BTC price prediction this Christmas. 

![btc 3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_3_069c4b196a.png)

Source: [Davinci Jeremie](https://twitter.com/Davincij15/status/1598293243409895424) (Twitter)

 Now, what makes this tweet interesting is the (mostly) [positive outlook of CT](/news/article/elon-musk-twitter) heading into Christmas and, in particular, what Whale Coin Talk, a Web3 media group, had to say on the matter:

“So hard to put a number on this current market - would be best to see the volatility subside as we enter the New Year. Then maybe we can start discussing price predictions!"

While most of CT expects an upturn by Christmas, the [Whale Coin Team](https://twitter.com/WhaleCoinTalk) feels it is currently difficult to predict the BTC price. That said, if volatility subsides as we head into the New Year, as has been the case in early December, we could predict how Bitcoin may fare in early 2023.

## What to expect from BTC heading into the New Year

2022 has been nothing short of a rollercoaster ride, with all that has transpired with the Terra ecosystem and [FTX in particular](/news/article/bitcoin-investors-turn-to-self-custody).

Many projects are building towards a bull market. If Bitcoin holds its price levels, we may see a return to $20k sooner rather than later. If we don't have another calamitous project downfall this month, we could be in for a green Christmas and New Year (DYOR, NFA)!


BTC Price Today: Can Bitcoin Hold $17k?

The chairman of CFTC, the United States Commodities and Futures Trading Commission, Rostin Benham, declares that Bitcoin (BTC) is the only commodity cryptocurrency. He could have backtracked on his previous assertions about Ether (ETH), suggesting it could be a security.

## CFTC Flip-Flopping on Commodities 

Benham aired [his thoughts](https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/) when he spoke about the future of crypto regulation at an invite-only event at Princeton University. The industry is still reeling from the aftershocks following the bankruptcy filing and subsequent [collapse of FTX](/news/article/ftx-collapse-blockfi-suspend-withdrawals). 

Commenting [via Twitter]https://twitter.com/saylor/status/1598163334934581248(), MicroStrategy CEO ardent Bitcoin maximalist Michael Saylor said Benham’s remarks denoted he was flip-flopping after often arguing to the contrary. Last October, the CFTC chair suggested that ETH may be considered a commodity, a position on crypto commodities also held by Security and Exchange Commission (SEC) Chairperson Gary Gensler. 

## Drawn-out debate

A drawn-out debate over which crypto assets qualify as commodities has persisted, with BTC almost always unanimously considered a non-security due to its decentralized nature. However, the status of ETH, Ripple (XRP), and several other altcoins has remained a hot potato.

The SEC is embroiled in a lawsuit with Ripple Labs due to the [confusion](/news/article/senate-bill-cftc-crypto). Gensler remains tight-lipped about the status of other cryptos, even though he's hinted repeatedly that most, including stablecoins, are securities. 

As FTX's financial regulator, the CFTC has been accused of getting into bed with the exchange and acting as a cheerleader for crypto, primarily due to its association with the ill-fated exchange. The regulator is in hot water for failing to conduct even minimal supervision or examination, presumably identifying deficiencies and failures that would have required enforcement action.  
    
## Too slow to provide regulatory standards 

Cryptocurrency industry players have heaped a barrage of criticism on US regulators, arguing that they were too slow in providing leadership and regulatory standards for the emergent industry. Coinbase CEO Brian Armstrong has recently opined that the degree of FTX's collapse could have been averted if clear standards checked the magnitude of global trading volume to exchanges abroad.

The CFTC chair, though, has defended himself, saying that besides the asset class being "unlike any commodity we have dealt with," his agency is starved of financial resources and hence unable to take appropriate enforcement action. Benham has [a date with authorities](https://www.reuters.com/technology/us-cftc-chair-be-questioned-over-ftx-collapse-by-lawmakers-2022-12-01/?rpc=401&) regarding his actions and whether the collapse of FTX could have been avoided.


CFTC Chair 'Flip-Flops' on Crypto