Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump’s Tariffs: Analyst Anticipates BTC All-Time High ‘In A Couple Of Days’ If This Happens Benzinga
Source link ]]>
Best Cheap Crypto Coins | Top 5 Cryptocurrencies To Buy For A Couple Hundred Bucks Techpoint Africa
Source link ]]>
Dogecoin and Shiba Inu Rival Primed To Explode by 114% in Next Couple of Months, According to Crypto Analyst The Daily Hodl
Source link ]]>
AI Price Predictions See Mpeppe (MPEPE) Out Performing Shiba Inu Over the Next Couple Of Months | Bitcoinist
Source link ]]>
After plummeting to significant lows in July, bitcoin has been locked in a sideways trading action angling towards higher prices. Still, investors are anxious to see what’s going to happen next.
Last week, the Federal Reserve’s decision to squeeze more US Dollars out of circulation with another interest rate hike sent BTC tumbling. After finding support at the $18,000 psychological level, BTC surged 7% on the 27th of September in a tremendous display of volatility. As a result, the number one digital asset recovered to trading above $20,000 for the first time in over a week.
Related Reading: Bitcoin 90-Day CDD Hits All-Time Low, What Does It Say About Market?
Differed Opinions on BTC’s Volatile Tuesday Run
TradingView tracked the movement of BTC as it closed in the green by 7% on the 26th of September. Data from Bitstamp reported a price peak at $20,344 before it eventually settled at $20,200.
As expected, the move seized the attention of many traders in the crypto bubble. However, people gave bipolar reactions to the news. Other comments warned investors to avoid making hasty, late entries influenced by the fear of missing out.
Analysis from a user with a strong crypto presence on Twitter dismissed any hope of a market reversal just yet. Capo of Crypto believes there would be lower lows below $19,000 before we see any relief from the crypto winter.
Will The Bulls Run The Bears Out Of The Market This Month?
BTC’s aggressive gains made September’s last Tuesday an eventful day in the crypto world. Besides users giving their varied points of view on the likely interpretation of the recent move, several crypto research firms cannot wait to jump in and give their perspectives.
According to an on-chain analysis from Santient, the future of BTC’s price rests in the hands of the bulls. If they defend the $20,000 position till Friday, cementing September with a green close, a bright future awaits BTC price action.
The crypto market data and analytics platform, Santient, also noticed a lot of users taking profits as soon as BTC crossed the $20,000 key level. It seems several traders set automatic and mentally-noted take profit signals at that mark. Santient also divulged a transaction log of users claiming profits and closing losses at the same price.
How September’s Ending Might Define The Future Direction of Crypto
Based on a tweet by Santient, reclaiming the $20,000 spot increases the odds of BTC closing higher than its starting point in September. And more importantly, finishing past this psychological level will have a hugely positive effect on investors’ sentiment.
September has been a slow month for the world-leading crypto. Despite the 7% gains on the 27th of September, bitcoin is currently making moderate monthly gains of 0.7%. That’s a heavy contrast to the day before, which left bitcoin trailing at a 6% loss according to monthly P&L data by CoinGlass.
Related Reading: Ethereum Name Service (ENS) Looks Strong, Eyes $16 Reclaim
However, it is pivotal that BTC finishes above its September starting point, no matter how little the gains. BTC will record its first “September green” month since 2016 to finish this month in profit.
As of writing, bitcoin has slightly slipped below $20,000 to trade around $19,150.
Featured image from Pixabay and chart from TradingView.com
The US Justice Department has cracked one of the biggest cryptocurrency heists worth a staggering $3.6 billion in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex. In addition, the Justice Department has arrested a husband-and-wife team on money laundering charges. Ilya “Dutch” Lichtenstein, 34, and his wife, Heather Morgan, 31, residents of New York, were arrested in Manhattan on Tuesday morning. The couple spent the ill-gotten wealth on a range of luxuries ranging from gold and non-fungible tokens to a $500 Walmart gift card, prosecutors said.
The couple had a very active social media presence with Morgan known as rap singer “Razzlekhan,” a pseudonym she said on her website referred to Genghis Khan “but with more pizzazz.”
In what would be one of the most significant seizures by the Justice Department, it is also a testimony that cryptocurrency can no longer be used as a haven by criminals.
Couple to face serious charges
The couple will face serious charges, including conspiring to commit money laundering and defraud the United States. The case was filed in a federal court in Washington, D.C. After their appearance in the court, the couple was made to set a bond of $5 million for Lichtenstein and $3 million for Morgan.
The court also demanded that their parents post their homes as security for their return to court.
The duo is accused of conspiring to launder 119,754 bitcoin stolen after a hacker broke into Bitfinex and initiated more than 2,000 unauthorized transactions. The total value of BTC at that time was $71 million. Today its value is said to be in the tune of $4.5 billion.
Daek Web also involved
Detectives of the Justice Department got their first clue from the 2017 bust of an underground digital market used to launder a portion of the funds. A part of the money was transferred to AlphaBay, an anything-goes version of eBay hosted on the dark web.
According to digital currency tracking company Elliptic, when the site was taken down, it allowed authorities to access AlphaBay’s internal transaction logs and connect them to a cryptocurrency account in Lichtenstein’s name.
Bitfinex said in a statement it was working with the Department of Justice to “establish our rights to a return of the stolen bitcoin.”
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Cryptocurrency-loving parents Bruno Karno and his wife Agatha have named their first-born in honour of their favourite crypto.
The Indonesian couple welcomed baby ‘Cardano’ into the world shortly before Christmas on their Labuan Bajo island home on Komodo, and neither of them hesitated for a moment in choosing the name after finding inspiration during the Cardano Summit in October.
Until that point, the youngster was destined to be named Emeric Cardano, but the summit and work across Africa by Input-Output supremo Charles Hoskinson was enough to convince both mum and dad that a bright future lay ahead for both their son and his digital asset namesake.
“The first reason I named my son Cardano was because I trust Cardano as a long-term investment,” explained proud dad Bruno.
“Next, I love what Charles and Tim have done in Africa, what Cardano collaborates with, and the most is the security on Cardano is the best one.”
Bruno and his wife – Agatha Nilam Astriani – have been fans of cryptocurrency for several years, but became serious about digital assets a couple of years ago.
“I got into crypto when Bitcoin was first around and many people talked about it,” added Bruno.
“But I am clearly into crypto since 2019. Then I learned more about crypto, then found Cardano was in the top 10 market cap.”
The Cardano blockchain was created by Ethereum co-founder Charles Hoskinson in 2017. Its native token is known as ‘ADA’, named after the famous 19th century English mathematician Ada Lovelace who worked on computing pioneer Charles Babbage’s ‘Difference Engine’ – forerunner to the modern computer.
However, despite the connection, the couple have already ruled out calling any future daughter ‘Ada’.
“We’re happy as we are for now with just Cardano – our son and the cryptocurrency,” laughed Bruno.
“I can’t predict the future but I’m sure in the next 20 years both of them will have a bright future.”
News of baby Cardano was welcomed by Charles Hoskinson himself.
“Cardano is perhaps the world’s greenest, most energy-efficient blockchain and has been developed as a free, flexible tool, allowing people everywhere to improve the world’s various systems,” said the IOG CEO.
“That we now have baby Cardano is testament to our vision for Cardano to help to democratise opportunity worldwide and inspires us even more to deliver on Cardano’s potential to transform the world for the better.”