Bitcoin Price and Ethereum Prediction; Paxful Delists Ethereum
During the Asian session on December 22, Bitcoin price prediction remains bearish below $17,000, as the market appears to have low volatility and trading volume ahead of the Christmas holidays. Similarly, Ethereum has also remained mostly unchanged at $1,220. Ethereum (ETH) has been delisted from the peer-to-peer cryptocurrency exchange Paxful on the grounds that it is no different from any other fiat money.
The New York-based crypto exchange is delisting Ethereum because of what its co-founder, Ray Youssef, considers to be a lack of decentralization caused by the top smart contract platform's transition to proof-of-stake. Youssef claims that without the second-largest cryptocurrency by market cap, investors are better off. We have banned Ethereum from our store.
Safeguarding the lives of 11.6 million people. Truth over profit. Exactly who is going to go up next?" Youssef explains in greater detail why he is banning ETH from Paxful in the latest business announcement. He claims that Bitcoin's (BTC) potential is being stifled by Ethereum and the thousands of projects built on top of it.
The current price of a bitcoin is $16,833, and the volume of trades in the last 24 hours is $13 billion. In spite of the fact that the BTC/USD pair has lost less than 0.10% over the past 24 hours, CoinMarketCap is ranked first with a live market cap of $323 billion.
If the BTC/USD pair can break above $17,000, it will likely continue rising toward the $17,500 resistance level. If Bitcoin prices drop below $16,500, the next support level is at $16,320.
Bitcoin is still under pressure from the 50-day moving average, but the RSI and MACD are both in favorable buying territory. Today, $17,000 is likely to be a turning point for Bitcoin, so let's
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