On December 25, Bitcoin’s price prediction is unchanged as BTC is trading choppy in a narrow range of $16,700 to $17,000. The hashrate for Bitcoin dropped by 35% in 24 hours as miners in the US shut down their operations in the face of the severe weather.
On December 24th, the hashrate dropped to 156 EH/s, as reported by BTC.com. Prior to that, the average hashrate was 237 EH/s throughout the course of 14 days. Thousands of flights in the United States have been canceled due to the recent winter storms.
Storm-related issues, like power outages, have forced Bitcoin miners to stop their operations. According to PowerOutage, a website that monitors outages, nearly 1.4 million buildings are without power.
Mark Cuban Wants to Buy Bitcoin Cheaper
Mark Cuban, the owner of the Dallas Mavericks, plans to buy additional Bitcoin in a future episode of “Club Random,” the podcast of comedian Bill Maher. Fortune says that he claimed he wanted the largest cryptocurrency to “sink down a lot more” before investing more. Monday will be the premiere of the episode.
In his appearance, Cuban rebutted Maher’s claim that gold is a good inflation hedge by saying, “You know what? If you have gold, you’re dumb as f–k.”
Cuban continued by telling Maher that bitcoin is a solid investment, however, he cautioned against encouraging others to purchase bitcoin.
Bitcoin Price
Bitcoin’s current price is $16,813, and the 24-hour trading volume is $10 billion. The BTC/USD pair is almost unchanged today, and continues to maintain a choppy range of $16,700 to $17,000.
Following an unsuccessful attempt to break out over $17,000, BTC has retraced and is stabilizing near $16,800. If the bulls want another chance at higher prices, the price must remain above $16,587.
A bearish breach of the $16,600 support level may open the door to more selling to $16,250 or $16,100; a bearish break of this level may expose BTC to $15,650. According to the MACD and RSI indicators, the market now has a mixed bias.
The RSI indicates that the market has been oversold, however, the MACD indicates that there may be some upward momentum. Because of these contradicting indications, predicting the market movement may be challenging.
Alternative Cryptocurrencies with Higher Profit Potential
For some weeks, cryptocurrencies have been trading sideways, tempting some traders to investigate alternatives with higher short-term promises. The following are some of the market’s biggest presales, allowing investors to get in early.
FightOut (FGHT)
FightOut (FGHT) is a move-to-earn app that compensates users for engaging in different workouts such as boxing, weightlifting, and yoga. It will be built on Ethereum and will go live in Q2 2023, offering a choice of in-app and in-person classes, as well as plans to open up to 20 of its own branded gyms and affiliate with a plethora of others.
Its token sale, which began last week, has already raised more than $2.3 million. The current selling price is 60.06 FGHT for $1 (FGHT can be purchased using ETH or USDT), but this will increase during the next stage of the sale.
Dash 2 Trade (D2T)
Dash 2 Trade is another Ethereum-based platform that will provide real-time analytics and social trading data when it launches early next year. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among its initial features, which will assist both novice and experienced traders in staying ahead of the volatile cryptocurrency market.
The sale of its D2T token has raised more than $10.8 million and is set to end in just 12 days, providing early investors with a rapidly closing window of opportunity. The altcoin will be listed on its first exchange on January 11, with LBANK Exchange, Changelly Pro, and Bitmart confirmed as the first trading platforms to support it.
C+Charge (CCHG)
C+Charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations that runs on Binance Chain. Its goal, which is set to begin in the second quarter of next year, is to increase access to carbon credits, which it would reward consumers for charging their EVs at its terminals.
As an indication of how quickly it could expand, the platform has already struck a deal with Perfect Solutions Turkey, which will add 20% of Turkey’s EV chargers to its network. 1 CCHG currently costs $0.013, and can be purchased using BNB or USDT.
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