Bitcoin Price Prediction – Here’s Where Analysts Think BTC is Going Next Year
BTC trades with a neutral bias on December 26, keeping Bitcoin price prediction stable. Most financial markets are closed in observance of Christmas Day, but it's worth keeping an eye on the market for any unexpected price movement.
The seventh largest Bitcoin mining pool, BTC.com, has stated that the recent $3 million hack will not affect the services it provides to its customers about their funds. Given the cyberattack, BTC.com, a major cryptocurrency mining pool, and its users lost a lot of money.
The parent company of the mining pool, BIT Mining Limited, confirmed on December 26 that a cyberattack occurred on December 3 and that the perpetrators stole about $700,000 in customer assets and $2.3 million in company assets.
Law police in Shenzhen, China were notified of the cyberattack by BIT Mining and BTC.com. In the wake of the tragedy, local officials began gathering evidence and reaching out to the appropriate Chinese authorities for aid with their investigation.
According to the release, local collaboration has already helped BTC.com retrieve some of the assets internally.
BIT Mining has stated that it will "devote enormous efforts" to recoup the stolen digital assets and that it has implemented technologies to "better block and intercept hackers."
The company said it would continue providing mining pool services to consumers despite the incident:
“BTC.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected.”
With increased crypto hacking events, Bitcoin is under pressure, which could be a contributing factor to choppy trading sessions.
The current price of Bitcoin is $16,843, and the 24-hour trading volume is $12 billion. The BTC/USD pair is
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