// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Huobi Calls Bitcoin and Ether Bottoms, Predicts Recovery After Q1 2023 – CoinsMegaNews

Huobi Calls Bitcoin and Ether Bottoms, Predicts Recovery After Q1 2023

3 years ago CryptoExpert
Huobi Calls Bitcoin and Ether Bottoms, Predicts Recovery After Q1 2023

[ad_1]

Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively.

The company touched upon the FTX’s meltdown, describing it as “one of the catastrophes in the financial world.” Other incidents in the world of crypto so far this year include Terra’s collapse and the bankruptcy of Three Arrows Capital. Huobi believes those adverse events will prompt global regulators to impose pertinent rules on the sector.

The report also determined that Vietnam has the highest crypto adoption rate (with around 20 million users) and is the second most mature cryptocurrency market after the USA.

Huobi’s Price Forecast

According to the research, the bear market for bitcoin and ether may last a few more months, where the USD valuation of the primary cryptocurrency could shrink by an additional 13%, while ETH could go down by over 20%. The downturn should consolidate in the first quarter of next year, after which Huobi expects a “decent rebound” to occur.

The Federal Reserve is supposed to slow interest rate hikes at the beginning of 2023, which could be among the main factors in boosting crypto’s prices, the exchange stated.

“In other words, the pace of hikes is slowing, the toughest part in this cycle has passed, and the bottom of monetary policy has nearly been shaped.”

Huobi believes the FTX’s decay was the “last bullet” of the current crypto winter. Negative events that have sent shockwaves through the entire industry also include the crash of Terra’s algorithmic stablecoin – UST – and its native token – LUNA – as well as the bankruptcy of Three Arrows Capital (3AC). According to Huobi, global watchdogs will speed up enforcing rules in the space to prevent future disruption.

“Consequences have been seen on the market, the effects will gradually be digested by the market, and a bottom will be formed during the fluctuations, which is expected to last until the first quarter of 2023.”

Vietnam Leads the Way

Huobi’s report evaluated the most active nations in the blockchain sector, labeling Vietnam the world’s global leader in crypto adoption. The South-East Asian country has around 20 million users and is the second most-mature cryptocurrency market after the USA.

The local government has recently presented a cashless policy and has set a relatively flexible crypto tax legislation to further encourage the usage of digital currencies.

“At the same time, traditional financial system in the region is still primitive, turning users away to the more efficient alternative: cryptocurrency.”

A recent Chainalysis research also placed Vietnam at the top of that list. According to the results, 21% of Vietnamese consumers have used or owned bitcoin or alternative coins at one point during their lives.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

[ad_2]

Source link

Tags:

More Stories

Bitcoin Scarcity Post-Halving Will Trigger a Steady Bull Run

Bitcoin’s Scarcity After the Halving to Result in Steady Bull Run

1 year ago CryptoExpert
Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

1 year ago CryptoExpert
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

1 year ago CryptoExpert
Crypto Market Recovers After Iran-Israel Conflict Rocks Prices

Bitcoin, Crypto Market Bounce Back After Iran-Israel Clash

1 year ago CryptoExpert
Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

1 year ago CryptoExpert
The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Play Free Roulette Video Game: An Overview to Online Casino Site Amusement

4 hours ago xtw18387208b

Free Slots No Download or Registration: Enjoy Casino Site Games Instantaneously

4 hours ago xtw18387208b

Free Live Roulette Video Game Online: A Fun and Exciting Method to Play

8 hours ago xtw18387208b

Ideal Payout Online Gambling Establishment: A Guide for Gamblers

8 hours ago xtw18387208b