Bitcoin Price Prediction as $10 Billion Weekend Volume Comes In – Where is BTC Heading Now?
Bitcoin's price prediction has been a hot topic among investors and traders as the weekend volume exceeded $10 billion. The market shows mixed signals, with some indicators suggesting a bullish trend, while others point to a bearish scenario.
As investors keep a close eye on the market, various factors, including economic data, government regulations, and industry developments, may influence the direction of BTC's price in the coming days.
Michael Saylor, a prominent Bitcoin advocate, and chairman of MicroStrategy, has won a civil lawsuit filed against him, according to a recent filing with the US Securities and Exchange Commission. The lawsuit, lodged by the Office of the Attorney General for the District of Columbia in August 2022, accused Saylor of violating the False Claims Act and failing to pay personal income taxes amounting to over $25 million.
The court dismissed the claim that Saylor and MicroStrategy conspired to violate the act, but the charge of Saylor committing tax fraud still stands. A status conference is scheduled for March 10, 2023, with the final outcome of the case still unknown.
The dismissal of the civil complaint against Michael Saylor may have a positive impact on the reputation of the Bitcoin and crypto market, as it removes the negative press associated with the accusations against one of its prominent figures.
However, the ongoing charge against Saylor for tax fraud still stands, and depending on the outcome, it may have a negative impact on his credibility and reputation within the crypto community. Overall, the impact on the crypto market is likely to be minimal.
Coinbase's institutional research head, David Duong, stated in a live stream with crypto analyst Scott Melker that institutional
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