Bitcoin's price is currently trading at $42,270, with Nigeria's Yellow Card predicting a boom in cryptocurrency adoption once the country's central bank lifts its restrictions. Bitwise Asset Management has also revealed plans to seed a Bitcoin ETF with $200 million, indicating potential shifts in Bitcoin's future valuation. Yellow Card anticipates a rise in Bitcoin usage by 2024, while Bitwise's bold move could attract more institutional investors to the cryptocurrency sector. The current direction of Bitcoin appears bearish, but significant levels may serve as a foundation against further declines. Additionally, a list of the top 15 cryptocurrencies to watch in 2023 is provided, with a disclaimer that cryptocurrencies are highly volatile investments.
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