• Bitcoin recently crossed the $23k and briefly reached $24k, but has since dropped back to hovering between those two price levels.
• Ethereum also saw a surge in value, almost reaching $1,700, the highest since September.
• On Friday, there was some profit booking in Bitcoin and other major altcoins after the interest rate hike by the U.S. Federal Reserve.

Recent Price Movement of Bitcoin

Bitcoin recently crossed the $23k price target a couple of days back and then pulled above $24k as well; leading to an overjoyed crypto market. However, the celebration was short-lived as bitcoin’s price dropped back to hovering between these two price levels. Investors are now curious if bitcoin will clear this Wednesday imbalance and push back up towards its next targets of $25k and beyond.

Impact of U.S Federal Reserve Rate Hike on Crypto Market

The day before the jump in Bitcoin value, the Federal Reserve raised its benchmark interest rate, which some saw as a dovish move. Despite this positive trend, many investors remain cautious about further jumps in prices until stabilization is seen in crypto markets due to this rate hike by Fed Chairman Jerome Powell.

Profit Booking Sees Downward Trend

On Friday, there was some profit booking in Bitcoin and other major altcoins after the interest rate hike by the U.S Federal Reserve resulting in a 2% drop for bitcoin but it still remains above the $23000 mark while Ethereum dropped more than 2% but held above the $1600 level with other altcoins showing mixed results and total trading volumes flat at around 61$ billion close to their previous day’s figure.

Ethereum Nears All-Time Highs

Ethereum also saw a surge in value almost reaching $1700 -the highest since September- however if it fails to break through this resistance level then a correction may occur soon enough.

Will Bitcoin Clear The Imbalance?

With all these events taking place within such a short period of time we can only wait for things to settle down so that we can see if bitcoin will clear this Wednesday imbalance or not and make an attempt at pushing its way up towards its next target of 25K or higher..

• Calvaria is a popular presale for 2022 that is set to expire, and analysts predict a huge profit opportunity.
• It is an NFT-based P2E cryptocurrency card game that centers on unusual underworld creatures in a power struggle for the afterlife.
• It has raised close to $2.87 million in record time, and only about 200k tokens are left in the presale round.

Calvaria is an upcoming NFT-based P2E cryptocurrency card game that has captured the attention of gamers and investors alike. Set to expire shortly, there is a huge potential for profit with this presale. It centers on a power struggle between unusual underworld creatures in a fight for the afterlife. With a unique plot and cutting-edge gaming mechanics, it is anticipated to outperform popular titles like Gods Unchained.

So far, Calvaria has raised nearly $2.87 million in record time, and only about 200k tokens are left for the presale. The project has a F2P version that is set to increase its value and provide widespread adoption. The game environment boasts three separate cities, each featuring its own NFT figure with special abilities. Mastering these abilities enables players to engage in combat with other players to win RIA prizes and profit. Although some rare characters may be purchased at a higher cost, this does not guarantee victory as the game is entirely tactic-based.

Analysts believe that the potential for profit is immense and urge investors to get on board while the presale is ongoing. As the game is expected to outperform popular titles, experts anticipate a high return on investment. Whether you’re a seasoned gamer or just curious about the project, now is the time to get involved and be part of the adventure.

• RobotEra is a newly-launched Metaverse project that enables users to explore a new kind of virtual world.
• By tapping into this trending technology, RobotEra, along with other projects, are reaching investors in several industries.
• The platform allows users to interact and create in an unrestricted way, giving them the freedom to explore their creativity.

RobotEra is a revolutionary new Metaverse project that is quickly gaining traction in the cryptocurrency community. The concept of the Metaverse is a virtual world where users can interact and create, and this is becoming an increasingly popular option for investors who are looking for alternative investments. RobotEra has emerged in the midst of the chaotic crypto market as a haven for investors and fans of the Metaverse, offering them a way to explore a new kind of virtual world.

RobotEra enables users to explore this virtual world in a creative and unrestricted way, giving them the freedom to explore their creativity. The platform is designed to be user-friendly and intuitive, so users can easily navigate the Metaverse and take advantage of the features it offers. This includes the ability to create and customize their own digital assets and characters, as well as interact with other users in the Metaverse. The platform also has a built-in marketplace where users can buy and sell digital assets, and a feature that allows users to earn rewards for completing tasks.

RobotEra is not the only project that is utilizing the Metaverse to reach investors in several industries. Dash 2 Trade, IMPT.io, and Calvaria are also tapping into this technology to create new opportunities for investors. Each of these projects offer their own unique features and benefits, so investors can choose the project that best suits their needs.

The team behind RobotEra is passionate about creating a platform that will revolutionize the way people interact and create in the Metaverse. They are committed to providing a safe and secure environment for users, and have implemented a variety of measures to ensure the safety of users‘ data. The team is also constantly working to improve the features and usability of the platform, so users can get the most out of their experience.

The potential for the Metaverse is immense, and with projects like RobotEra, investors have a unique opportunity to benefit from this technology. Whether it’s earning rewards for completing tasks, creating and customizing digital assets, or interacting with other users in the Metaverse, RobotEra offers investors a way to take advantage of this new technology. With its user-friendly interface and its commitment to safety and security, RobotEra is quickly becoming one of the most sought-after Metaverse projects.

• Crypto startup funding has dropped significantly in Q4 2022 to its lowest level in nearly two years.
• According to PitchBook, venture capital investment in the digital asset industry declined by 75% compared to the same period in the previous year.
• FTX’s collapse in November had a further negative impact on investor confidence, resulting in a slowdown in funding for the crypto industry.

Crypto startup funding has taken a huge hit in the fourth quarter of 2022 as the crypto bear market continues. According to data provided by PitchBook, venture capital investment in the digital asset industry dropped to its lowest level in nearly two years in Q4 2022, with investment falling by 75% compared to the same period in the previous year.

The crypto space has been rocked by a bear market for most of 2022, with investors already pulling back their investments in crypto startups. However, the collapse of FTX in November had a further negative impact on investor confidence, resulting in an even greater decline in funding for the crypto industry.

Before the crash of FTX, the crypto market was seeing an influx of venture capital from large VC firms such as Andreessen Horowitz, Electric Capital, and Haun Ventures. In January 2022, FTX raised $400 million at a $32 billion valuation, a number that was unheard of at the time.

Unfortunately, the momentum of early 2022 has now been reduced to a trickle, with PitchBook’s research noting that crypto startups received $26.7 billion in funding last year alone. But the majority of this amount was raised during the first quarter, leaving the remaining quarters of the year to suffer from the bear market.

The current decline in funding in the crypto industry is a stark contrast to the bullish market of early 2022. Investors are now becoming more cautious and are not in any hurry to deploy more capital into the crypto sector. While the market may eventually recover, it will take some time before venture capitalists are willing to take on the risk of investing in the crypto industry.

• Cardano price has recently broken out of a falling wedge pattern and traded above $0.30 for the first time in 2023.
• The Moving Average Convergence Divergence (MACD) indicator suggests buyers have the upper hand and are not ready to let go of the aggressive approach witnessed in the last few days.
• If declines intensify, we could see ADA spiraling to $0.2700 and $0.2400, respectively.

The Cardano price has been on an impressive uptrend lately, breaking out of a falling wedge pattern to reach new highs. The first time in over 2023 that ADA traded above $0.30, the smart contracts token continued to surge with support at $0.24 holding firm. ADA eventually hit new weekly highs of $0.3460 and has since retreated to trade at $0.3150, likely due to a spike in selling pressure as some investors booked early profits.

The Moving Average Convergence Divergence (MACD) indicator suggests that buyers have the upper hand and are not ready to let go of the aggressive approach witnessed in the last few days. The MACD (line in blue) flashed a buy signal on the 12-hour chart just before the New Year as it crossed above the signal line (in red). The momentum indicator’s sustained movement above the mean line hints at increasing buying pressure. Additionally, the long green histograms further cement the steady bullish grip on Cardano price.

The breakout in ADA price which was largely attributed to the falling wedge pattern saw the coin surge by 48% from support at $0.24 to highs around $0.3460. However, the pullback in Cardano price is likely to be a temporary stopover ahead of another massive breakout. If declines intensify, we could see ADA spiraling to $0.2700 and $0.2400, respectively. Nevertheless, high support is foreseen at $0.3000.

Overall, the uptrend in Cardano price looks encouraging and investors are likely to stay optimistic about the coin’s prospects in the long run. With the recent bullish activity, it is not impossible to consider the possibility of Cardano price climbing to $3 in the next bull market. Nevertheless, the crypto market is highly volatile and investors should always exercise caution when making investment decisions.