Bitcoin Price to drop by 20%

The world’s largest cryptocurrency Bitcoin (BTC) has once again come under strong selling pressure and is not finding enough catalysts to move past the $17,000 resistance. A few hours ago, the BTC price tanked to a new low for the month of December at $16,277.

However, it has recovered the dip and is currently trading at $16,740 level. The equity market has been facing turbulence over the last weekend owing to macro factors and other developments in the crypto space.

Visa Proposes Ethereum Integration

Visa, the credit giant, has come up with a proposal that would allow Ethereum users to make transactions without the involvement of any third party. They can make payments directly from their own self-custodial wallets.

Account Abstraction, an Ethereum feature, which is still under review will be likely used to do these transactions using Visa, for automatic payments. This feature will allow customers to pay recurring bills, which is not allowed at the basic level by Ethereum.

Check Out Top 3 Metaverse Stocks To Buy Before 2023

Check Out Top 3 Metaverse Stocks To Buy Before 2023 

This hype is in large part due to the information that Facebook, Inc. will change its name to Meta Platforms, Inc. in October 2021.

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Lower Crypto Tax In India Union Budget 2023?

With India’s finance minister Nirmala Sitharaman set to place the budget for 2023-24 soon, the crypto community is hoping for relief in the tough crypto tax stance. The Union Budget 2023 will be placed in the country’s Parliament on February 1, 2023. Even as the crypto market is yet to gain regulatory clarity around the globe, the scope of the industry continues to rise. This is despite the huge hurdles it witnessed in the form of Terra network collapse and the recent FTX bankruptcy. Read More Here…

Coinbase Valuations Dip Below Of Dogecoin

Public-listed cryptocurrency service provider Coinbase (NASDAQ: COIN) has continued to see major value erosion this year. The COIN stock is down by 90% since its listing in April last year, ending trading at $35.17 on Tuesday.

The exchange’s market capitalization is now just at $8 billion, which is $1 billion less than that of memecoin Dogecoin (DOGE). Well, this shows Coinbase is facing the music and double-whammy of a highly volatile U.S. equity market and a highly volatile crypto market. Read More Here…

Ethereum Price Up By 2%

Ethereum price is up by 2% in the last 24 hours. ETH is trading at an average price of $1205, at the press time. Its 24 hour trading volume is up by 53% to stand at $6.02 billion.

Crypto Market Recovers

The global digital asset market printed green indexes on Tuesday Morning. Crypto assets registered marginal recovery after witnessing a heavy dump on the last day.

The cumulative market cap is marginally up by 0.34% over the last day to stand at $810.3 billion. However, the 24 hour trading volume is up by 60% to stand at $36.2 billion.