Cryptocurrency Market Surges: Bitcoin Price Prediction 2023, 2024, and 2027
The cryptocurrency market has seen an impressive surge since the start of 2023, with Bitcoin (BTC-USD) rising 37% to $22.83K and Ethereum (ETH-USD) jumping 33.6% to $1.62K. The upswings coincide with the stock market‘s and tech-heavy Nasdaq’s climb, as market participants become more confident that inflation has passed its peak.[0] Bitcoin opened trading on Tuesday with a small gain of 2.58 percent, while most cryptocurrencies recorded profits, indicating a healthy recovery for these highly speculative digital assets.[1]
The trading value of the world’s most popular cryptocurrency stands at $23,071 (roughly Rs. 18.8 lakh) at the time of writing, with BTC growing by $355 (roughly Rs. 28,990) in the last 24 hours. The top-most currency is now well on its way to surpassing its August 18th, 2022 peak of $22.7k.
Bitcoin price prediction for January 2023, 2024, and 2027 are looking optimistic, with BTC currently up 38.91% month-to-date, 38.91% year-to-date, and down 52.05% from its 52-week high of $47944.16 on March 28, 2022 (based on 5 p.m. levels).[2] Ethereum Price Prediction 2023, 2024-2026 is also positive, with ETH-USD up 47.34% from its 52-week low of $15602.37 on November 21st, 2022 (based on 5 p.m. levels). Bitcoin to AUD and GBP Prediction 2023, 2024-2027 are also encouraging.
Bit Brother Limited (formerly known as Urban Tea, Inc.) was incorporated in the British Virgin Islands in November 2011.[3] The company has been actively involved in cryptocurrency mining in North America, and the distribution and retail of specialty tea products.[3]
This month, the firm announced that all 1,400 S19J Pro cryptocurrency mining servers have been operating with the total hash rate of 140,000 TH/S in Texas mining farm, owned by BTB’s subsidiary Bit Brother New York Inc (“BTB NY”).[3] 2.39 Bitcoin have been mined.[3]
Companies like Vespene and XcelPlus, which are relatively new to the cryptocurrency market, are making use of the methane produced by landfills to generate the large amount of energy required to mine Bitcoin.[4]
0. “Short-bitcoin products see largest weekly inflow since July 2022 …” www.msn.com, 24 Jan. 2023, https://www.msn.com/en-us/money/markets/short-bitcoin-products-see-largest-weekly-inflow-since-july-2022-report/ar-AA16EEDi
1. “Bitcoin, Ether Continue Upward Trajectory as Most Cryptocurrencies …” www.technologyforyou.org, 24 Jan. 2023, https://www.technologyforyou.org/bitcoin-ether-continue-upward-trajectory-as-most-cryptocurrencies-record-profits-all-details/
2. “Bitcoin Gained 1.82% to $22988.94 at 5 p.m. ET — Data Talk” www.marketscreener.com, 24 Jan. 2023, https://www.marketscreener.com/news/latest/Bitcoin-Gained-1-82-to-22988-94-at-5-p-m-ET-Data-Talk–42794613/
3. “Bit Brother Limited: Bit Brother Announced 2.39 Bitcoin has been …” www.finanznachrichten.de, 24 Jan. 2023, https://www.finanznachrichten.de/nachrichten-2023-01/58124901-bit-brother-limited-bit-brother-announced-2-39-bitcoin-has-been-mined-008.htm
4. “Bitcoin Miners Turn to Landfills to Power Quest – Recyclean” www.recyclean.in, 24 Jan. 2023, https://www.recyclean.in/wp/bitcoin-miners-turn-to-landfills-to-power-quest/
