Wire Fraud Indictment Federal authorities have arrested Idin Dalpour for orchestrating a multi-year crypto Ponzi scheme that defrauded investors of over $43 million. The Scheme From 2020 to 2024, Dalpour lured investors through a company called Entity-1. He claimed to be involved in a Las Vegas hospitality venture and a crypto trading operation. Dalpour promised…
Dave the Wave, a well-known crypto analyst, believes Bitcoin (BTC) could be in for more downside after dropping below $58,000. Key Fibonacci Level Dave the Wave is monitoring Bitcoin’s support at a key Fibonacci retracement level of 0.382, which corresponds to around $58,000. He notes that this level has historically provided support for Bitcoin during…
Leveraged traders have been hit hard after Bitcoin (BTC) suddenly plummeted below $58,000, dragging other cryptocurrencies down with it. Liquidation Frenzy According to Coinglass, over $448 million in cryptocurrencies have been liquidated in the past 24 hours. Over 84% of these liquidations were from traders who had borrowed money to bet on rising prices (leveraged…
Popular crypto analyst Benjamin Cowen warns that Bitcoin (BTC) could fall further after recently hitting a low not seen since February. 100-Day Moving Average as Support Cowen notes that Bitcoin’s price is currently at the 100-day simple moving average (SMA), which has previously acted as support. If the price falls below this level, it could…
According to Brian Quinlivan, marketing director at blockchain analytics firm Santiment, two factors could spark a recovery in Bitcoin’s price: Whale and Shark Accumulation Whales (holding 10-10,000 BTC) and sharks have recently taken profits, contributing to the price decline. However, if they resume accumulation, it could indicate a potential upward trend. Fear, Uncertainty, and Doubt…
Market Sentiment and Bitcoin’s Resemblance to 2016 Despite dwindling market sentiments, cryptocurrency analyst Rekt Capital has noticed striking similarities between the current Bitcoin price action and the 2016 bull cycle. Post-Halving Price Decline Similar to 2016, Bitcoin has experienced further declines in the three weeks following the Halving, falling below the Range Low of its…
Is the Bull Run Over? Bitcoin’s recent drop below $60,000 has raised concerns, but analyst Marco Johanning believes it’s just a correction in an ongoing bull market. Indicators of a Bullish Trend Bitcoin reached its bear market bottom in 2022. It broke above the 200-day moving average in October 2023. Bitcoin achieved a new all-time…
Bitcoin has taken a beating in the past month, with a 20% drop from its all-time high. But amidst the chaos, some analysts see a glimmer of hope. A Tough Start for Bitcoin May has been a rough month for Bitcoin, which has fallen back to levels not seen since March. This is the biggest…
Massive Outflows The US Spot Bitcoin ETF market has witnessed record-breaking outflows, with over $500 million leaving in a single day. This comes as Bitcoin’s price continues to decline. Impact of FED Announcement The outflows occurred after the Federal Reserve’s decision to maintain interest rates, despite expectations for a cut. This triggered further declines in…
Recent Challenges and Growth Solana has experienced a surge in popularity, with daily active users (DAUs) peaking at 160,000. However, this rapid growth led to network congestion and a period of instability. Current State and Future Outlook Despite the challenges, Solana has stabilized and is now in an unprecedented position. All key metrics are positive,…
