WASHINGTON, Jan 18 (Reuters) – The U.S. Justice Department will “announce major, international cryptocurrency enforcement action” on Wednesday, it said in a statement, adding that the U.S. Treasury Department will also make an announcement.
“The US Department of the Treasury will also announce action in this space,” the statement said.
U.S. officials, including Deputy U.S. Attorney General Lisa Monaco and U.S. Treasury Undersecretary Wally Adeyemo, will deliver remarks at 12 p.m. (1700 GMT) in Washington, according to the statement.
Other officials will include the assistant deputy director of the FBI and the US attorney for the Eastern District of New York.
Representatives for Treasury declined to comment further.
Reporting by Daphne Psaledakis and Susan Heavey, editing by Paul Grant and Chizu Nomiyama
Our Standards: The Thomson Reuters Trust Principles.
Will crypto rise again 2023?
Which cryptocurrency is best to invest in 2023? 1. Meta Masters Guild (MEMAG) – Overall Best New Cryptocurrency Release For 2023. Meta Masters Guild is the best new cryptocurrency launch for 2023.
Will crypto come back in 2023?
After being battered by losses for the better part of the last year, bitcoin and other cryptocurrencies are rallying in 2023, fueling speculation that the so-called crypto winter – the digital asset world’s equivalent of a bear market – is over.
Will crypto go back up in 2024?
Bitcoin Price Prediction 2024 After the analysis of Bitcoin prices in previous years, it is assumed that in 2024, the minimum price of Bitcoin will be around $41,215.49. The maximum expected BTC price can be around $49,436. To see also : Sporting goods can be a new form of Gold.49. On average, the business price could be $42,699.35 in 2024.
Why is crypto falling so hard right now?
It certainly seems that the bitcoin bubble has burst as investors have lost confidence in the crypto sector. It is uncertainty about the future of bitcoin that has caused prices to crash. On the same subject : Commercial real estate in mid-2022: the big slowdown. In June 2022, it fell below $18,000. It was still below $20,000 by November 2022, just a year after its record high of $69,000.
Why is crypto falling so hard today? The crypto market is lower today as Bitcoin and altcoins fall with US stocks in retreat from highs around the CPI print and FOMC moves on inflation. Bitcoin (BTC), Ether (ETH) and other cryptocurrencies gave back their gains despite cooling inflation.
Why is crypto crashing right now?
Although there are many factors affecting the overall volatility of crypto, the main source of this sudden crash is the fall of FTX, one of the most prominent crypto exchanges. This may interest you : According to a Phoenix realtor, the housing market appears to be leveling out.
What caused the recent crypto crash?
Rising interest rates worldwide have prompted investors to flee risky assets and into safer ones. As one of the riskiest assets around, the eye-watering returns that crypto investors have enjoyed over the past two years are also under heavy pressure.
Can Bitcoin value go to zero? It collapsed in value several times during its lifetime. Although fewer people will use crypto as a result of the ftx collapse, it is very hard to imagine that the number will be small enough to take its value to zero.
How low will Bitcoin go in 2023?
Bitcoin price predictions range from $250,000 to $5,000. Inflation is a key factor in the price of Bitcoin in 2023. Some believe that this year could be preceded by a big rise in Bitcoin prices next year with a Bitcoin halving.
Can the crypto market crash to zero?
This means that prices could plunge much faster than traditional investments. There is also a chance that any cryptocurrency could go to zero, or close to zero, after a massive selloff.
Could Bitcoin collapse?
Mark Mobius predicts bitcoin could crash 40% to $10,000 next year. Bitcoin could crash to $10,000, a more than 40% plunge from current prices, veteran investor Mark Mobius told CNBC on Thursday. While Mobius expects bitcoin to hover around its current $17,000 level, the move to $10,000 could happen in 2023, he said.
What is Cryptocurrency doing today?
Crypto Price Today Live: Bitcoin above $18,800; crypto market cap crosses $900 billion. The total volume in DeFi is currently $3.89 billion, 6.87% of the total crypto market 24-hour volume.
Why is crypto market down today? The main reason for the market decline is the fall of one of the largest global cryptocurrency exchanges, FTX. The bankruptcy of FTX, and its spat with Binance, not only triggered a huge sell-off in the market but also reduced liquidity of the crypto market.
