Arrest and Charges Canadian authorities have arrested 25-year-old Aiden Pleterski for allegedly running a cryptocurrency Ponzi scheme that defrauded investors of over $30 million. Pleterski, known as the “Crypto King,” is facing charges of fraud and money laundering. Investigation and Evidence An 18-month investigation by Ontario police revealed that Pleterski promised investors high profits and…
History Repeating Itself? Crypto analyst TechDev has noticed a striking similarity between Bitcoin’s current price action and its behavior in 2017, when it soared by 1,200%. The chart he shared shows that Bitcoin’s price has been following a similar trajectory to the bull run of 2017. Consolidation and Breakout After the collapse of FTX, Bitcoin…
The Ponzi Scheme In 2021, Finiko, a supposed crypto investment fund, came under investigation for fraud. The investigation revealed that Finiko was a Ponzi scheme that lured investors with promises of high returns in cryptocurrencies like Bitcoin. The Mastermind and the Scheme Kirill Doronin, the mastermind behind Finiko, traveled around Russia hosting events to attract…
Futures Market Data The Bitcoin futures market doesn’t show signs of overheating yet. The funding rate, which indicates the sentiment of derivatives traders, has stabilized at a relatively low level. Historical Context Historically, a high funding rate has been a bearish sign for Bitcoin. It suggests that the majority of traders are bullish, which often…
Exchange Reserves Hit Record Lows Bitcoin (BTC) exchange reserves have plummeted to an all-time low of less than $2 million. This signals that a major price rally could be on the horizon. Analysts Optimistic Thomas Fahrer, co-founder of Apollo, believes that the low exchange reserves indicate a potential “parabolic price surge” driven by increased demand…
Shiba Inu and Dogecoin have been popular investments leading up to the bull market. However, recent market downturns have affected their prices and investor sentiment. Sentiment Drops to Neutral The Fear & Greed Index measures investor sentiment towards crypto assets. It ranges from Extreme Fear (1-25) to Extreme Greed (76-100). Currently, both Dogecoin and Shiba…
Technical Analysis Ethereum is nearing the end of a falling wedge pattern, a bullish sign. If it can break above the wedge’s upper boundary, it could surge towards $4,000. Market Sentiment Ethereum is currently trading above $3,000 and has shown modest gains in recent days. It’s consolidating just above this level, possibly indicating a build-up…
A crypto expert, Inmortal, believes it’s time for Ethereum (ETH) to take the spotlight and predicts a significant rally. He anticipates an initial target of $4,000, supported by a chart indicating ETH’s stability at around $2,800. Solana’s Potential Inmortal also has his eyes on Ethereum’s rival, Solana (SOL). He observes that SOL has mirrored Ethereum’s…
Accumulation Surge Since the launch of Bitcoin (BTC) exchange-traded funds (ETFs) in January, whales have snapped up a staggering $16.8 billion worth of BTC. This surge in accumulation signals the arrival of institutional investors into the crypto market. Whales Return The amount of BTC held by whales has recovered to pre-FTX collapse levels. However, traditional…
False Breakout for Pepe Analyst DonAlt, known for predicting the 2023 crypto surge, believes Pepe (PEPE) is facing a sharp decline. After a false breakout to new highs, sellers pushed the price below its previous range. This bearish sign suggests that demand is being overwhelmed by sellers. Support Levels for Pepe DonAlt predicts that Pepe…
