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Crypto Analyst Michal van de Poppe predicts that the second half of 2023 won't be kind to crypto markets.

What Happened: The analyst tweeted that the markets remain in a recessionary period. He anticipates that the second half of the year won't be great but in between there we'll be having some more relief.

See Also: Best Crypto Day Trading Strategies

Definitely, the markets are still into a recession to occur.

Probably second half of the year won’t be great, but in between there we’ll be having some more relief.#Bitcoin could run towards $35K and #altcoins could blast even further for a 3-5x return.

Time it accordingly. Michal van de Poppe (@CryptoMichNL) January 24, 2023

According to the analyst, there's a good likelihood of Bitcoin BTC/USD soaring toward $35,000, while altcoins may experience price increases of three to five times.Time it accordingly, he said.

In another tweet, Poppe said that the current correction should come to an end in the coming days with a slow grind upward followed by one last sweep.

Some slow grind upwards and then one more sweep in the coming days and the correction should be over and we’ll continue the party.

Seems about right. Michal van de Poppe (@CryptoMichNL) January 25, 2023

Poppe, on Tuesday, said Bitcoin has failed to break through the crucial resistance level of $23,100. As a result, it is likely to test and sweep through the support level of $22,300 before any potential continuation of its upwards trend.

Price Action: Bitcoin was trading at $22,741, down 1.57% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin, Ethereum, Dogecoin Slide: Analyst Says Apex Crypto In For 'Very Interesting' Rally Or Short-Term Pullback

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Rishi Sunak to demand end to ‘sick note culture’ and shift focus to ‘what people can do’

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Rishi Sunak to demand end to 'sick note culture' and shift focus to 'what people can do'

Rishi Sunak is to call for an end to the “sick note culture” in a major speech on welfare reform – as he warns against “over-medicalising the everyday challenges and worries of life”.

The prime minister wants to shift the focus to “what people can do with the right support in place, rather than what they can’t do”.

Mr Sunak also wants sick notes to be issued by “specialist work and health professionals” rather the GPs in order to reduce workloads.

Politics latest: ‘Big questions’ for Sunak over claims against suspended Tory MP

The plans, which the government is now set to consult on, come as part of the government’s aims to cut spending on benefits in a bid to reduce spending and increase employment.

Mr Sunak is set to say: “We should see it as a sign of progress that people can talk openly about mental health conditions in a way that only a few years ago would’ve been unthinkable, and I will never dismiss or downplay the illnesses people have.

“But just as it would be wrong to dismiss this growing trend, so it would be wrong merely to sit back and accept it because it’s too hard; or too controversial; or for fear of causing offence.

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“Doing so, would let down many of the people our welfare system was designed to help.”

He will say there is a “growing body of evidence that good work can actually improve mental and physical health”.

“We need to be more ambitious about helping people back to work and more honest about the risk of over-medicalising the everyday challenges and worries of life,” Mr Sunak will add.

The prime minister will say, “we don’t just need to change the sick note, we need to change the sick note culture so the default becomes what work you can do – not what you can’t”.

“Building on the pilots we’ve already started we’re going to design a new system where people have easy and rapid access to specialised work and health support to help them back to work from the very first Fit Note conversation,” he will add.

“We’re also going to test shifting the responsibility for assessment from GPs and giving it to specialist work and health professionals who have the dedicated time to provide an objective assessment of someone’s ability to work and the tailored support they need to do so.”

It comes after Mel Stride, the work and pensions secretary, was criticised a month ago for suggesting in an interview that there was “a real risk” that “the normal ups and downs of human life” were being labelled as medical conditions which then held people back from working.

And upon launching the government’s “back to work plan”, Chancellor Jeremy Hunt warned that “anyone choosing to coast on the hard work of taxpayers will lose their benefits”.

Read more:
Hunt accused of ‘demonising’ disabled people with reforms
Sunak says he will ‘reward’ tightening benefits by cutting taxes

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‘If you can work, you should work’

Since 2020, the number of people out of work due to long-term sickness has jumped drastically to a record high of 2.8 million people as of February this year, according to the latest estimates from the Office for National Statistics.

A large proportion of those report suffering from depression, bad nerves or anxiety.

The government said NHS data shows almost 11 million fit notes were issued last year – with 94% stating someone was “not fit for work”.

“A large proportion of these are repeat fit notes which are issued without any advice, resulting in a missed opportunity to help people get the appropriate support they may need to remain in work,” Downing Street said.

Fit notes are usually required by employers when someone takes more than seven days off work due to illness.

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Disability equality charity Scope has said it would question whether Mr Sunak’s announcements are being “driven by bringing costs down rather than how we support disabled people”.

James Taylor, director of strategy at the charity, said: “We’ve had decades of disabled people being let down by failing health and work assessments; and a broken welfare system designed to be far more stick than carrot.

“Much of the current record levels of inactivity are because our public services are crumbling, the quality of jobs is poor and the rate of poverty amongst disabled households is growing.”

Read more from Sky News:
‘Modest’ £63 rise in statutory sick pay is overdue
Young people more likely to be off work sick

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Alison McGovern, Labour’s acting shadow work and pensions secretary, said: “A healthy nation is critical to a healthy economy, but the Tories have completely failed on both.

“We’ve had 14 Tory years, five Tory prime ministers, seven Tory chancellors, and the result is a record number of people locked out of work because they are sick – at terrible cost to them, to business and to the taxpayer paying billions more in spiralling benefits bills.

“Today’s announcement proves that this failed government has run out of ideas, announcing the same minor alternation to fit notes that we’ve heard them try before. Meanwhile, Rishi Sunak’s £46bn unfunded tax plan to abolish national insurance risks crashing the economy once again.”

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Post Office had ‘bunker mentality’ towards press, lawyer tells inquiry

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Post Office had 'bunker mentality' towards press, lawyer tells inquiry

A sub-postmaster victim of faulty IT software Horizon was described as a “bluffer” when he alerted senior Post Office officials about bugs in the system.

One of the Post Office’s heads of legal Rodric Williams dismissed the complainant and told the Post Office Horizon Inquiry on Thursday there was “bunker mentality” among staff in relation to the media’s coverage of the IT system.

The inquiry has been hearing evidence to examine who in government and the Post Office knew what and when about the accounting computer programme that falsely generated financial losses at Post Office branches across the UK and led to the conviction of hundreds of sub-postmasters who ran branches for theft and false accounting.

As a result of Horizon’s errors, many other sub-postmasters lost homes, moved out of their communities, and became unwell having wracked up significant debts and had their reputations ruined.

Read more
Review ordered into another Post Office IT system
Horizon victim demands jail for those who denied her justice

But in 2015 – while prosecutions were taking place with Horizon data and four years before the Post Office would apologise for the miscarriage of justice – the warnings of former sub-postmaster Tim McCormack were dismissed.

“Generally, my view is that this guy is a bluffer, who keeps expecting us to march to his tune,” Mr Williams – who is now tasked with dealing with Horizon complaints – said in an email to colleagues.

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“I don’t think we should do that, but instead respond with a straight bat.”

The lawyer had been asked by former chief executive Paula Vennells to look into, what Mr McCormack said, was “clear and unquestionable evidence of an intermittent bug in Horizon that can and does cause thousands of pounds in losses to sub-postmasters”.

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Post Office Scandal: Davey ‘Sorry’

‘Bunker mentality’

Mr Williams agreed that there was an element of siege mentality at the Post Office against media questioning.

“I don’t know if I can speak for senior management but I do think certainly where I was sitting it did feel a bit bunker mentality, yes,” he told the inquiry.

When asked by barrister for the inquiry, Jason Beer: “It’s that siege mentality again, Mr Williams, isn’t it? Challenges to the Post Office are hostile and must be fended off rather than considered on their merits.”

Mr Williams responded, “I think that’s maybe overstating but there’s probably something in that, I think, that’s fair”.

‘Take it or leave it’

In response to a 2014 media request about Horizon satisfaction levels among sub-postmasters, Mr Williams effectively said they could use the system or leave.

“We don’t need to do research on Horizon – it’s the system we provide to our agents and require them to use. If agents don’t like it, they can choose not to provide services for us,” he said at the time.

“The vast majority of our agents and other users work with it just fine, and we’re not required to bespoke our point of sale accounting system to the whims of each individual agent.”

He was asked if it was his view, in 2014, that sub-postmasters could either use Horizon or leave he replied “yes”.

Mr Williams began at the organisation in 2012 as a litigation lawyer and still works there as the head of the remediation unit set up to address sub-postmaster complaints about Horizon.

His evidence continues on Friday.

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Ms Vennells has said: “I continue to support and focus on co-operating with the inquiry and expect to be giving evidence in the coming months.

“I am truly sorry for the devastation caused to the sub-postmasters and their families, whose lives were torn apart by being wrongly accused and wrongly prosecuted as a result of the Horizon system.

“I now intend to continue to focus on assisting the inquiry and will not make any further public comment until it has concluded.”

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Iran grounds flights across country after reports of explosions

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Iran grounds flights across country after reports of explosions

Iran has grounded commercial flights across parts of the country after reports of explosions.

State media also said Iran fired its air defence systems after reports of blasts near the city of Isfahan.

It remained unclear if the country was under attack.

But tensions remain high in the wider Middle East after Iran’s missile and drone attack on Israel over the weekend.

The Israeli military did not immediately respond to a request for comment, AP reported.

Iran’s state-run IRNA news agency said its air defences fired across several provinces – but did not elaborate on what caused the batteries to fire.

State television noted a “loud noise” in the area.

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A major airbase for the Iranian military is in Isfahan, as well as sites associated with its nuclear program.

Iranian state TV said its nuclear facilities remain unharmed, Reuters news agency reported.

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