Category: Other Crypto News

Bitcoin Stress Cycle Is Ending — But Traders May Hate What Comes Nex

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Bitcoin may have survived the worst of the shock, but the data says this is stabilization, not escape velocity. A Bitcoin Reset Underway? According to CryptoQuant, the current conditions suggest a reset is underway, with Bitcoin working through a broad deleveraging phase. Yet even as market stress eases, the top cryptocurrency still hasn’t carved out a definitive bottom in this bear cycle. Related Reading Analyst MorenoDV_ believes Bitcoin’s on‑chain/derivatives “stress cycle” indicators are rolling over, suggesting the market is exiting an acute stress phase, but not yet entering a clean…

Operation Atlantic Freezes $12M in Crypto Scam Proceeds

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Authorities in the United States, United Kingdom and Canada have frozen millions of dollars tied to crypto scams in a joint enforcement operation called Operation Atlantic. The operation, focused on phishing attacks, took place in March and was coordinated by the UK’s National Crime Agency (NCA), the US Secret Service, the Ontario Provincial Police and the Ontario Securities Commission. Operation Atlantic identified more than 20,000 victims across the US, Canada and the UK, securing and freezing more than $12 million in suspected criminal proceeds, the NCA said Thursday. It also…

Analyst Says Bitcoin Has Printed A Historically Aggressive Recovery Setup, What To Expect

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Crypto analyst Cupra has revealed that Bitcoin has printed a historical aggressive recovery setup, signaling that a rally to the upside may be on the horizon. The analyst predicted that BTC could rally to a new all-time high (ATH) of $150,000 as the next bull phase approaches.  Bitcoin Prints One of the Most Aggressive Setups In Years In an X post, Cupra stated that Bitcoin has just printed one of the most aggressive recovery setups that the market has seen in years. He noted that such a setup played out…

Bitcoin Price Due ‘New Upwards Leg’ Toward $80,000, Says Trader

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Bitcoin (BTC) circled $71,000 at Thursday’s Wall Street open after US inflation data conformed to expectations. Key points: Bitcoin waits for new catalysts as US PCE inflation data conforms to market expectations. Friday’s CPI release will be the first to show any impact of the US-Iran war. $80,000 remains in play as a BTC price target, a trader says. PCE data avoids surprises for risk assets Data from TradingView showed cooling BTC price volatility after local highs near $73,000 the day prior. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Relief over a…

Should users be allowed to bet on war and death in prediction markets?

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Prediction markets are sold as a way to harness the wisdom of crowds to more accurately forecast the future.  But when it comes to the Iran war, winning cryptocurrency for correctly predicting outcomes that see civilians bombed and their homes destroyed makes some people concerned — and others very angry.  Dystopian death markets (Seth Moulton) Case in point: earlier this week, Democrat congressman Seth Moulton forced Polymarket to pull markets that bet on when the US would confirm the rescue of Air Force service members shot down by Iran. “They…

XRP Whales Are Rapidly Buying While Retail Is Panicking, Do They Know Something You Don’t?

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XRP whales are aggressively accumulating while the asset’s recent price action keeps many retail participants cautious. This raises a key question for investors: are large holders positioning ahead of something the average trader has not yet recognized?  XRP Whales Accumulate At Key Levels While Retail Hesitates While XRP has dropped 3.5% in the past 24 hours, on-chain metrics indicate that XRP whales have dramatically shifted their positioning in recent weeks. Data from the analytics platform CryptoQuant shows that the Whale Flow 30-day moving average (30DMA) has turned positive after spending…

Bitcoin Depot Reports $3.7M Loss after Breach of Corporate Wallets

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Crypto ATM operator Bitcoin Depot said it lost 50.9 Bitcoin, worth about $3.7 million, after a hacker gained access to some of its internal systems. The breach happened on March 23 after the attacker took control of credentials linked to Bitcoin Depot’s corporate Bitcoin (BTC) wallets, according to a Monday filing with the US Securities and Exchange Commission. The company said that customer accounts, platforms and personal data were not affected. Bitcoin Depot added that the attack has not had a major impact on daily operations, and said it has…

Can’t Move Your Crypto?— Traders Trapped In South Korean Exchanges

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The South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), together with the Digital Asset Exchange Association (DAXA) are rolling out unified rules for withdrawal across all registered crypto exchanges. A Unified Crypto Withdrawal System From now on, all local crypto exchanges are being forced to have one tough, standardized withdrawal‑delay regime by South Korean financial regulators. According to the Korean outlet News1, the intention behind the new withdrawal delay system for crypto exchanges is to prevent damage from voice phishing scams that depend on speed. The…

What Will Trigger a BTC Price Breakout?

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Bitcoin’s (BTC) relief rally to $72,000 appears to be cooling off, but analysts said that the BTC price may “continue rising” in the short term. Key takeaways: Bitcoin must flip the short-term holder realized price at $80,000 into support to confirm the trend change. Spot volume and trading activity must recover to ensure a sustained breakout in BTC price.  Bitcoin must reclaim $80,000 as support Bitcoin’s 8% climb over the last three days to $72,000 saw it reclaim key levels, including the 200-day exponential moving average (EMA) at $68,000, and…

Bhutan Moves More Bitcoin as Sovereign Stash Drops Below 4,000 BTC

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Bhutan moved more Bitcoin from its sovereign-linked wallet on Thursday, further reducing its once sizeable BTC stash and extending its months-long selling.  Arkham data showed a wallet attributed to the Royal Government of Bhutan and its investment arm Druk Holding & Investment, transferred about 319 Bitcoin (BTC), worth roughly $22.68 million, bringing total outflows since late October 2024 to more than 9,000 BTC. The transfer follows a series of recent wallet movements by the country flagged by Arkham. In March alone, the Bhutan-tagged wallet moved more than 1,667 BTC (roughly…