In 2023, the bitcoin exchange rate may vary from $5,000 to $25,000, depending on the conditions and decision of the US Federal Reserve, Report informs referring to the Izvestia newspaper.
Analysts surveyed indicated that the bitcoin rate could drop to $5,000-$10,000 this year. This will happen due to the fact that there are no real prerequisites for the growth of the value of the main cryptocurrency yet. However, if the Fed takes measures to stimulate the economy in the middle of the year, the price of bitcoin could reach $23,000-25,000.
Market experts agreed that in early January, the bitcoin rate began to grow due to inflation news in the US in December. The data received gave hope that the Fed would not raise the key rate. Also, positive news from the bankruptcy proceedings of the FTX exchange was added to the growth in the cost of bitcoin. In this case, the found $5 billion in the company’s accounts helped soften negative forecasts for a new wave of bankruptcies.
Analysts believed that the bitcoin rate could change in the near future due to possible lawsuits from regulators against crypto projects. In addition, the influence of the state of the world economy and the actions of regulators in a number of countries cannot be ruled out.
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