| The Ordinals protocol is set to re-energize BTC in 2023 If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active uer at FreeBitco.in. Your User ID 4327909 was last active on 2023-02-19.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Let's take a look at what happened Last Week in Crypto: ➤ Bitcoin Hits $25,000 BTC Hits $25,000 in a New 2023 High BTC | BITCOIN $24790.00 -0.60%  Last week, Bitcoin hit $25,000, recording a new high in 2023. The crucial level pushed back, and BTC attempted a couple more retests to capture $25,000 before the weekly close, but it wasn't to be. However, the good news is that Bitcoin seems to have decoupled from TradFi markets, with the Dow falling for the third consecutive week. Comparing the current behavior with BTC's previous halving cycle, it seems to be mirroring 2017. Analysts believe we could be in for a big move in the coming sessions. At the moment, Bitcoin needs to recapture $25,000 comprehensively before embarking on any kind of rally. Looking at on-chain data, Bitcoin's average block size has grown above 2.5 MB, an all-time high, thanks to the launch of Ordinals, the NFT protocol, in January. Experts believe Ordinals has the potential to push Bitcoin over the line in 2023. Here's How You Can Win Big This Week      DOWNLOAD XFUN WALLET   CRYPTO NEWS WEEKLY ROUNDUP ETH/BTC Pair in Danger of Declining Further, ETH Exchange Supply Continues to Drop  A mix of technical and fundamental factors could see ETH decline by as much as 20% against BTC in March. On the technical side, the ETH/BTC pair has recorded a death cross (50DMA crosses below 200DMA). The last time that happened, we saw a 27% decline in the pair's value (May 2022). On the fundamental side, the US SEC's crackdown on staking could lead to a sell-off in the short term. The 0.65-0.67 zone has acted as strong support before and could come into play. A break below that zone could result in a 20% decline. However, positivity continues on-chain new data reveals that ETH supply on exchanges continues to drop. Since the Merge in Sep. 2022, ETH supply on exchanges has reduced by 37%, with a major portion being moved into self-custody and staking. This means market participants are more willing to hold on to ETH. A continuous decline in exchange supply is also seen as bullish. German Tech Giant Siemens Issues $64 Million Bond on a Public Blockchain  Siemens, the German tech powerhouse, issued a digital bond worth $64 million on a public blockchain, according to an announcement on Feb. 14. The company noted that this allowed them to issue the bond faster, more efficiently, and without needing central clearing and paper-based global certificates. ''By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past,'' said Peter Rathgeb, Group Treasurer at Siemens. The bond was issued in two days, as opposed to the traditional method where it takes between three and five months to do so. STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. 
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BTC Hits $25,000, A New 2023 High
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