Bitcoin’s recent price action around $85,211 is raising some eyebrows. It’s been struggling to break through this resistance level, hinting that the bullish trend might be weakening. Technical Trouble for Bitcoin The charts aren’t looking great for Bitcoin. It’s showing signs of weakness: RSI Retreat: The Relative Strength Index (RSI), a momentum indicator, is falling…
Ethereum’s price has been pretty disappointing this year, much lower than many experts predicted. It’s currently trading at its lowest point since October 2023, and breaking back above $2,000 is proving tough. The Bear Market and Macroeconomic Worries The overall market is weak, thanks to economic uncertainty and trade war jitters. This is affecting both…
Bitcoin’s price has been a rollercoaster lately, dropping to around $77,000 before bouncing back above $85,000. While some are worried about a market crash, IntoTheBlock, a crypto analytics firm, thinks the best might be yet to come. Halving History: Diminishing Returns? IntoTheBlock looked at Bitcoin’s history after each “halving” – an event where the rate…
A UK police officer is facing serious charges for allegedly stealing a significant amount of Bitcoin. Officer Accused of Bitcoin Theft Paul Chowles, a 42-year-old National Crime Agency (NCA) officer from Bristol, has been charged with stealing 50 Bitcoin in 2017. Merseyside Police allege he took the Bitcoin during an investigation into online crime. Back…
Millions of credit and debit cards have been leaked onto the dark web, according to cybersecurity firm Kaspersky. The firm says that malicious software, known as infostealer malware, is to blame. The Scale of the Problem Between 2023 and 2024, Kaspersky found that at least 2.3 million bank cards were compromised and their information shared…
A popular crypto analyst, Altcoin Sherpa, is cautioning investors about a potential short-lived altcoin rebound. He believes that any gains might be temporary, based on past market behavior. Bitcoin’s Price Targets Sherpa’s analysis focuses on Bitcoin (BTC) as a key indicator. He suggests that if BTC can break through $89,000, it could signal continued bullish…
Major banks are facing criticism for refusing to reimburse customers who lost money to scammers. Several recent cases highlight the issue, leaving victims with significant financial losses. Wells Fargo Denies Claim After Scam A Wells Fargo customer in South Carolina, Stephanie Zufall, fell victim to a scam where fraudsters posing as bank employees tricked her…
A UK National Crime Agency (NCA) officer is facing serious charges after allegedly stealing Bitcoin. The Allegations Prosecutors claim that Paul Chowles, a 42-year-old NCA officer, stole 50 Bitcoin (BTC) in 2017. At the time, the Bitcoin was worth around £60,000 ($77,658). Today, that same amount of Bitcoin is worth a staggering £3.26 million ($4.2…
Bitcoin’s price has been a bit of a rollercoaster lately, but things seem to be looking up. After a shaky start to the week, Bitcoin showed some serious strength, briefly hitting $85,000 and closing the week strong. Interestingly, something else is also on the rise: open interest. Open Interest: A Big Jump Open interest (OI)…
A Virginia congressman is calling foul on President Trump’s plan to create a government Bitcoin reserve. He says it’s a blatant attempt to line the pockets of Trump and his cronies. Conflict of Interest? Rep. Gerald Connolly fired off a letter to Treasury Secretary Scott Bessent, demanding a halt to the plan. Connolly claims the…
