Is the crypto market going up in 2023?

Since the beginning of the year, the crypto markets have been on a steady grind upwards, starting 2023 with some green on the board for crypto investors. On Sunday, Bitcoin (BTC) broke out of its recent price range and reached a three-week high by convincingly pushing above US$17,000.

Was a 60 year old conned into a cryptocurrency scam?

A person in their 60s has been conned into handing over £150,000 in a cryptocurrency scam, police have said. Gloucestershire Police have repeated warnings about the dangers of these types of crimes. Staff at a bank in Cheltenham contacted police on Thursday after someone wanted to transfer a large amount of money to a suspected fraudulent account.

Why is the crypto market so fearful?

The fearful sentiment reflects the level of uncertainty for the future as more and more businesses appear to have been affected. The precarious feeling of the crypto market sheds light on the past week’s poor price performance and gives reason for the lack of demand from crypto investors.

Is the crypto market steadfast?

Interestingly, the crypto market has shown signs of steadfastness amid the regulatory scrutiny. Despite this, a surge of outflows from Binance took place, with a staggering $US700 million in assets moving out of the exchange in the 24 hours following the lawsuit’s announcement. Coinbase didn’t escape unscathed, either.