Bitcoin fell all day Monday to $22.5,000 early Tuesday, down 6% from Sunday’s peak. The cryptocurrency market capitalization fell 1.1% overnight to $1.0 trillion, and altcoins were easy to find thanks to positive overnight trends. Despite pressure from institutional selling, Bitcoin is still trying to swim against the tide, rising 0.7% to $22.8,000 today. On the technical side, the latest recall is too small to be considered a full-scale fix, which could attract new buyers to the downside. Bitcoin now has a much better chance of continuing its annual gains. They can be as low as $22.1K or $21.0K. Defensive bets accelerated ahead of the FOMC decision, as market expectations and the Fed’s rhetoric diverged sharply. btc Bitcoin crypto Investments in cryptocurrency funds increased by $117 million last week, a six-month high, as investors focused on bitcoin, according to CoinShares. Investments in bitcoin-related funds increased by $116 million, Ethereum by $2 million, and funds that allowed short bitcoin to rise by $ million. News Background Vailshire founder Jeff Ross suggests that Bitcoin is likely to reach $25,000 soon. According to him, BTC’s strength on the -hour chart is still impressive. South Korea will introduce a cryptocurrency transaction monitoring system in 2023 to fight money laundering and recover ill-gotten gains. The value of Bitcoin on Nigeria’s popular exchange NairaEX rose to almost $39,000 in the local currency, 65% higher than the BTC price on the global market. The difference is due to the ATM withdrawal limit of the country’s central bank. The central bank is trying to reduce the proportion of money in circulation to increase acceptance of the digital naira (eNaira).