Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating all forms of illegal dark web and cryptocurrency activities in the Eastern […]
Bitcoin News
Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion
Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel, was executed across 10 locations in the Klang Valley. This region encompasses the federal territories of Kuala Lumpur […]
Bitcoin News
Spanish Police Crack Down On Crypto-Based ISIS Funding Operation
Spanish police successfully dismantled a network involved in financing ISIS through crypto transactions, resulting in the arrest of five individuals over the weekend. The operation, part of a two-and-a-half-year investigation, targeted individuals allegedly connected to the terrorist organization known as DAESH or ISIS.
The arrests were made in Valencia (2), Cáceres, Alicante, and Guipúzcoa. Four of the suspects have been remanded in custody by court order.
Global Network Financing ISIS Via Crypto?
According to the official statement of the Spanish national police, the operation marks the second phase of “MIYA,” an initiative launched in 2021 by Spain’s National Police General Information Commissariat (CGI).
The investigation received collaboration from intelligence and security services in twelve countries, including the Moroccan Surveillance du Territoire (DGST), the Algerian Direction Générale de la Sécurité Intérieure (DGSI), the Mauritanian Direction Générale de la Sûreté Nationale (DGSN), the US Federal Bureau of Investigation (FBI), Swiss FEDPOL, and EUROPOL.
Within Spain, the CGI worked closely with its Provincial Information Brigades in Valencia, Alicante, Cáceres, and San Sebastián and the National Intelligence Center (CNI). The Central Court of Instruction number 6 and the Prosecutor’s Office of the National Court coordinated the investigation.
The initial phase of the operation, conducted after a year and a half of investigation, uncovered a person of Maghreb origin residing in Spain who was in contact with a jihadist seeking to carry out an attack in France on behalf of DAESH. The Spanish individual offered their collaboration to the radical extremists.
The CGI’s counterterrorism experts located the intended attacker in Switzerland and promptly shared the information with the Swiss FEDPOL. A joint operation was swiftly organized, resulting in the simultaneous arrest of the two individuals in March 2022, along with six others across Europe and the Maghreb.
The detainee in Spain was subsequently sentenced to two years in prison for terrorism-related charges and released in mid-2023.
Following the initial phase, CGI analysts discovered that the two detainees were part of an international network supporting DAESH, spanning multiple continents, including Afghanistan, the Middle East, Sahel, Maghreb, and Europe.
The network allegedly obtained funds through criminal activities in Europe to finance their terrorist operations with crypto. Large sums of money were moved through international transfers and crypto, with authorities seizing nearly 200,000 euros worth of digital assets.
Five Suspects Arrested
According to the official statement, members of the network also engaged in indoctrination, attempting to recruit new followers to the jihadist cause and providing support to individuals expressing a desire to carry out terrorist attacks.
The investigation uncovered evidence suggesting the network’s involvement in planning at least two attacks, ultimately foiled by security services.
The recent arrests in Spain mark the conclusion of the investigation, with five individuals taken into custody. One of the suspects exhibited signs of radicalization in recent months and had expressed a desire to carry out an attack.
During a search of the individual’s residence, authorities discovered handgun ammunition, an ax, manuals for making explosives, manuals for indoctrinating minors, and jihadist propaganda.
As of the current update, the total market capitalization of the cryptocurrency market is .525 trillion, reflecting a decline of over 2% within the past 24 hours.
Featured image from Shutterstock, chart from TradingView.com
Senate Coalition Grows to Crack Down on Crypto’s Use in Illicit Finance
U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords, ransomware gangs, and fraudsters to launder billions in stolen funds, evade sanctions, fund illegal weapons programs, and profit from devastating cyberattacks,” said Senator Warren.
Elizabeth Warren’s Crypto Bill Gains More Support
U.S. Senator Elizabeth Warren (D-MA) announced on Monday “an expanded coalition of Senate support” for her bipartisan Digital Asset Anti-Money Laundering Act. Senators Raphael Warnock (D-GA), Laphonza Butler (D-CA), Chris Van Hollen (D-MD), John Hickenlooper (D-CO) and Ben Ray Luján (D-NM) have joined the bill as cosponsors.
The Digital Asset Anti-Money Laundering Act “would mitigate the illicit finance risks that crypto poses by closing loopholes and bringing the digital asset ecosystem into greater compliance with the anti-money laundering and countering the financing of terrorism (AMF/CFT) frameworks that govern much of the financial system,” the announcement describes. Senator Warren first unveiled the bill in December last year. In July, she and Senators Roger Marshall (R-KS), Joe Manchin (D-WV), and Lindsey Graham (R-SC) reintroduced the bill. Crypto proponents have called this bill the most direct attack on the personal freedom and privacy of crypto users.
Besides Warren, Marshall, Manchin, and Graham, the bill’s existing cosponsors comprise Senators Gary Peters (D-MI), Dick Durbin (D-IL), Tina Smith (D-MN), Angus King (I-ME), Jeanne Shaheen (D-NH), Bob Casey (D-PA), Richard Blumenthal (D-CT), Michael Bennet (D-CO), Catherine Cortez Masto (D-NV), Sheldon Whitehouse (D-RI), and John Fetterman (D-PA).
Senator Warren commented:
The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords, ransomware gangs, and fraudsters to launder billions in stolen funds, evade sanctions, fund illegal weapons programs, and profit from devastating cyberattacks.
“The lack of basic legal safeguards around crypto opens up Americans to countless risks. What’s more, crypto has become the payment method of choice for terrorist organizations, drug cartels, and authoritarian regimes in order to fund their illicit activities,” said Senator Van Hollen. “Crypto should be governed by the same transparency rules as traditional banks to protect Americans and help ensure it isn’t used to facilitate illegal behavior by criminal enterprises and rogue nations.”
This bill has also been endorsed by Bank Policy Institute, Massachusetts Bankers Association, Transparency International U.S., Global Financial Integrity, National District Attorneys Association, Major County Sheriffs of America, Massachusetts Sheriffs’ Association, AARP, National Consumer Law Center (on behalf of its low-income clients), and National Consumers League.
The announcement details that the Digital Asset Anti-Money Laundering Act would:
Extend Bank Secrecy Act (BSA) responsibilities, including know-your-customer requirements, to digital asset wallet providers, miners, validators, and other network participants that may act to validate, secure, or facilitate digital asset transactions.
The bill will also “Address a major gap with respect to ‘unhosted’ digital wallets … by directing FinCEN to finalize and implement its December 2020 proposed rule, which would require banks and money service businesses (MSBs) to verify customer and counterparty identities, keep records, and file reports in relation to certain digital asset transactions involving unhosted wallets or wallets hosted in non-BSA compliant jurisdictions,” the announcement notes.
In addition, it would “Strengthen enforcement of BSA compliance” and “Extend BSA rules regarding reporting of foreign bank accounts to include digital assets by requiring United States persons engaged in a transaction with a value greater than ,000 in digital assets through one or more offshore accounts to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Internal Revenue Service.”
In October, Warren and over 100 lawmakers asked the Biden administration to address “crypto-financed terrorism” after reports claimed that Hamas raised millions in crypto to fund its operations. Blockchain analytics firm Elliptic, however, has debunked the claim, stating that there is no evidence that Hamas received significant crypto donations. While Warren is worried about crypto’s illicit use, less than 1% of the trillions transacted annually in crypto are illicit. Meanwhile, the UN estimates that annually between 2% to 5% of global GDP (0 billion – trillion) is used for illicit activities and money laundering through the traditional banking system and cash.
What do you think about Senator Elizabeth Warren’s crypto bill gaining support among lawmakers? Let us know in the comments section below.
Bitcoin At A Crossroad Around $24,000, Which Side Will Crack First?
Bitcoin has formed a range at its current trading level, avoiding a drop to the ,000 area by bouncing off its support at ,500. Bitcoin is at a crossroads as the bulls and bears are battling to decide which side will come ahead.
As of this writing, the largest cryptocurrency on the market trades at ,900, skimming the ,000 border.
As reported by NewsBTC on February 22nd, Bitcoin has withstood selling pressure from retail investors while the whales continue to push the price above the next resistance level. Can the market price action of BTC find an argument to resolve the dispute?
Related Reading: Polkadot Can Resume Bullish Momentum Only If It Flips This Level Into Support
What Will Be The Next Move For Bitcoin?
As of press time, Bitcoin’s support and resistance levels appear to have been cleared, leaving the doors open for its next move to consolidate a new bullish trend or continue its bearish price action and further freeze buyers. As can be seen in the chart below, the resistance at the ,500 level has been cleared by sellers.
The bid wall has moved to the ,400 area, and the next resistance level shown on the chart below appears to be forming at the ,000 level.
With ongoing concerns about a more hawkish Federal Reserve (Fed) policy and heavy selling pressure among investors, the bears seem to have the upper hand in Bitcoin’s short-term price action.
Do Bulls Have A Chance Of Recovering?
As the markets alternate between bullish and bearish sentiment, Bitcoin reacted slightly positively to the U.S. Gross Domestic Product (GDP) report, spiking close to the ,000 level.
Economist and founder of the trading platform Eight, Michael Van de Poppe, commented on Bitcoin’s price action, stating that an economic recession can be avoided with a lower-than-expected GDP report. The latter is a sign of a continuation of BTC’s uptrend and the largest cryptocurrencies in the ecosystem. Van de Poppe said:
We dropped towards the lower part of the area and previous resistance around .3K. Significant bounce from that area for Bitcoin, probably some more consolidation, and from there, continuation towards K.
If Bitcoin’s support holds, the price action can chase the liquidity of short positions to fuel and continue its uptrend. With Bitcoin’s resistance level failing to break four times in the last week, still at the ,400 level, buyers could have another chance to return to those levels and aim for new yearly highs at the ,000 land.
Bitcoin is trading at ,950, up slightly in the last 24 hours. BTC has reduced its gains in broader time frames, falling 1.4% over the past seven days. BTC has trimmed its gains considerably in the fourteen-day timeframe, holding just 4.4%.
After an intense bullish price action in mid-February, Bitcoin has come close to the neutral zone in the thirty-day time frame, showing gains of 4.3% after rising almost 35% at the beginning of 2023.
Featured image from Unsplash, chart from TradingView.
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold for now amid the regulatory scrutiny of the crypto industry.
Paypal Pauses Stablecoin Development as Regulatory Concerns Loom
On Jan. 7, 2023, it was reported that Paypal was exploring the creation of a stablecoin.“We are exploring a stablecoin,” a Paypal executive told reporters at the time. “If and when we seek to move forward, we will, of course, work closely with relevant regulators.” The multinational financial technology company, founded in Dec. 1998, is one of the largest online payment systems in the world.
However, Paypal appears to have slowed its plans to develop a stablecoin, according to a Bloomberg report citing a person with knowledge of the matter. Paypal was also working with Paxos, the stablecoin issuer that is reportedly under investigation by the New York State Department of Financial Services (NYDFS). Nikhilesh De of Coindesk learned about the alleged investigation, but was told by an NYDFS spokesperson that the agency could not comment on ongoing investigations.
Paxos manages two stablecoin projects, a tokenized gold coin, and holds a Bitlicense issued by the NYDFS. There has been a significant crackdown on cryptocurrency businesses following the collapse of FTX. Recently, crypto lender Nexo agreed to settle with the U.S. Securities and Exchange Commission (SEC) and several state regulators over its earn product. Nexo paid the regulators million on a “no admit, no deny” basis and ended the program in the United States.
More recently, Kraken was fined million for its staking service program and was forced to stop offering the service to U.S. retail customers. Kraken clarified that it will continue its staking services for customers outside the United States. Founder Jesse Powell is calling on Congress to issue clear regulatory guidance and protect retail investors from using offshore services.
Bloomberg’s Yueqi Yang and Jennifer Surane did not reveal the specific reason for Paypal’s decision to pause its stablecoin plans. The payments giant recently entered the cryptocurrency industry by launching a wide range of crypto services in 2021. Paypal holds an NYDFS-issued Bitlicense and converted its conditional Bitlicense to a full license in June 2022.
What do you think about Paypal’s decision to pause their stablecoin plans? Share your thoughts in the comments section below.
Why Monero Is Struggling To Crack This Resistance Level Since September
Monero (XMR), an open-source, privacy-oriented cryptocurrency launched in 2014, managed to reach the 1 marker on November 2 as it briefly rallied before it experienced slight price correction.
Here’s a quick glance at XMR trajectory:
- Over the last two months, Monero traded at a narrow range that peaked at 2
- Surpassing the crucial 6 marker will enable XMR to climb all the way to 2
- Failure in increasing trading volume will most likely pull the crypto down to 8
At the time of this writing, according to tracking from Coingecko, the altcoin is changing hands at 9.10, going down by almost 1% over the last 24 hours.
The digital currency’s weekly, biweekly and monthly performance is relatively well, considering the crypto market was on an extended bearish momentum before the October 25 rally.
During the last seven days, Monero managed to go up by 1.5% while over the last two weeks, the asset increased by 2.8%. On a month-to-date gauge, XMR is on the midst of a 5.4% price surge.
Even with this kind of showing, the cryptocurrency is still nowhere close to its January 9, 2018 all-time high (ATH) of 2.33, already losing more than 72% of that value.
Monero Bulls Are Struggling
Since September, Monero traded within the narrow range of 2 and 6 as it was the subject of numerous bearish signals during the month, including a significant decrease in transaction count.
But XMR technical indicators now are showing signs of good buying pressure that may soon translate into a bullish rally.
Source: TradingView
For instance, the 12-hour Relative Strength Index (RSI) of Monero managed to climb above the 50-nuetral zone indicating that bulls, which struggled to break the resistance marker for the asset, were finally able to gain solid footing in the market.
Furthermore, XMR OBV was able to move past the resistance zone, denoting that the altcoin is primed for an upward momentum.
In summary, if the digital coin manages to reach, sustain and surpass the 6 marker, it will confirm the bullish signals sent by its technical indicators and will surge all the way up to 2.
However, should this happen without accompanying trading volume increase, the earlier thesis will be invalidated and XMR will be pulled back down to 8.
Price Forecast For Monero Also Bullish
Online crypto tracker Coincodex’s forecasts for XMR conform to the above technical analysis for the asset’s price movement.
Accordingly, over the next five days, the virtual coin is expected to reach its crucial resistance marker as it is forecasted to trade at 2.9.
Meanwhile, the next 30 days appears to be good for the digital asset as its spot trading price is seen to climb to even higher levels.
Coincodex believes Monero will trade at 9.12 30 days from now as it will enter the last month of 2022 with a value that is closer to the 2 target.
XMR total market cap at .7 billion on the daily chart | Featured image from Reddit, Chart: TradingView.com
Disclaimer: The analysis represents the author’s personal understanding of the crypto market and should not be construed as investment advice.
NewsBTC
Why Bitcoin Won’t Crack Over Fresh Bear Assault, Next Potential Target For BTC
Bitcoin continues to trade to the downside after it was rejected at around ,000 last week. The crypto market, in general, has been following a downtrend with Ethereum (ETH), Binance Coin (BNB), XRP, Cardano (ADA), and others recoding over 10% losses in the past 7-days.
Related Reading | Bitcoin Prices Bear The Brunt Of Long Liquidations And Geopolitical Tensions
At the time of writing, Bitcoin trades at ,638 with a 12% loss over that period.
BTC trends to the downside on the daily chart. Source: BTCUSD Tradingview
The benchmark crypto seems to be negatively reacting to the latest developments between Russia and Ukraine. Yesterday, the president of the Russian Federation Vladimir Putin acknowledged the independence of two Ukrainian regions ruled by leaders with separatist tendencies.
This has heated up the situation with Russian sending in troops to “guarantee the security” of those territories. According to Yuya Hasegawa from crypto exchange BitBank, BTC’s price trends lower alongside the wider financial market.
Investors seem to be entering a period of risk-aversion which directly affects cryptocurrencies, considering some of the riskier assets. The situation might see some relief during the week as representatives from Russia and the U.S. could reach a diplomatic agreement, but that possibility seems to be fading. Hasegawa said:
(…) with the gas pipeline explosion in eastern Ukraine last Friday, increased Russian military presence at the border, heavier financial sanction on Russia, and the U.S. PCE announcement coming up this Friday, there seems to be only little reason to take on any risks right now.
The analyst has set a Bitcoin price between ,000 to ,000 in the coming days. Data from Material Indicators show a lot of resistance for BTC’s price around ,000.
As seen below there is as much as million in asks orders which could prevent the bulls from retaking these levels in the short term. On the downside, ,000 could operate as good support with million in bids orders sitting around that price mark.
BTC price (blue line in the chart) with potential resistance above (yellow and red, asks orders, above price). Source: Material Indicators
Will The Price Of Bitcoin Hold Off The Bears?
QCP Capital has been recording “aggressive volume-selling” any time Bitcoin attempts to make a run to the upside. The firm coincides with the relevance of the Ukraine-Russia situation for global markets and the apparent imminent hike in interest rates from the U.S. FED.
However, QCP Capital remains optimistic based on the drop in leverage long positions with BTC’s price current price action. These positions have been cleansed out of the market without impacting funding rates on BTC futures.
Related Reading | Tether & The Swiss City Of Lugano Promise “Europe’s BTC Capital.” Is It, Though?
In addition, the firm believes any future interest rate hike by the U.S. FED has already been priced in by market participants. QCP Capital said the following on BTC’s price potential fate for the short-term:
We think it will be more of a grind lower with the possibility of short-squeezes on positive headlines. These spikes in spot price would probably be met with aggressive spot selling, capping the topside.
Why Did Youtube Crack Down on Crypto Channels? Lawyer Weighs In
If you’ve been on Crypto Twitter at all over the past 48 hours, you’ve likely heard the plight of many Youtubers covering the Bitcoin and cryptocurrency spaces.
For those who missed the memo, earlier this week, countless influencers and content creators in the industry have reported that a number of their videos regarding developments in the cryptocurrency space have been taken down. Names affected include popular Bitcoin price analyst “Sunny Decree” and crypto programmer-turned-educator “Ivan on Tech.”
Related Reading: Sorry Bulls, Bitcoin Indicator That Called 50% Decline Still Flashing “Sell”
Over the past day, since NewsBTC’s last update on the matter, prospects for these content creators have been getting worse; some Youtubers are now reporting that they are restricted from posting videos for over a week, while some, like “Nugget News’” Alex Saunders has said that his channel is on the verge of being entirely deleted from the Youtube platform, with it receiving two content strikes in a single day.
That’s not to mention that some other larger channels covering the cryptocurrency space including that of Nicholas Merten — who runs the “DataDash” channel which sports 328,000 subscribers, making him the most followed cryptotuber save for Andreas Antonopoulos — have also been affected.
One the day before Christmas, @TeamYouTube gave to me…another content strike with no uploads for a week.
I’ve made all my videos private to avoid another unjustified strike. I’ve used this platform since 2007, and it’s sad to think this is the norm on YouTube nowadays.
— Nicholas Merten (@Nicholas_Merten) December 25, 2019
Why Is Youtube Cracking Down on Crypto?
With these harrowing cases of censorship in mind, the question about remains: why is Youtube doing this?
Jake Chervinsky, a lawyer at Ethereum decentralized finance upstart Compound Finance, recently weighed in on the matter. He argued that the crackdown likely has something to do “potential violations of Securities Act § 17(b),” which is a law that requires influencers to properly disclose the compensation they have received for promoting securities.
This would make sense, as countless cryptocurrency content creators have promoted initial coin offerings and other altcoins that may be deemed securities-esque.
I'm guessing the YouTube crypto crackdown has to do with potential violations of Securities Act § 17(b), the "anti-touting" provision, which requires promoters of securities to disclose any compensation they received for their promotion. I'm surprised it took this long, honestly.
— Jake Chervinsky (@jchervinsky) December 25, 2019
Omar “Crypt0” Bham, one of the Youtubers affected in the recent move by Youtube, echoed this concern, writing: It seems that a reason why YouTube would have to go after crypto channels is any links to external websites/exchanges in video descriptions.”
There’s also been discussion by Eric Crown and “Chico Crypto” regarding potential forced censorship of these videos by a certain group of individuals. There has been some talk of “mass flagging” campaigns to take down Bitcoin and crypto videos, though it is unclear if this is a group that is trying to garner attention by generating false buzz about the cause of the Youtube crackdown.
There is no conspiracy. This is due to a group that is taking advantage YouTubes reporting mechanism. Proof below please spread so other creators can be aware! @IvanOnTech @MartiniGuyYT @sunnydecree @boxmining @AltcoinDailyio @ChicoCrypto @NuggetsNewsAU @ChrisDunnTV pic.twitter.com/Ds0BGnqSjE
— Eric Crown (@KrownCryptoCave) December 25, 2019
Featured Image from Shutterstock
The post Why Did Youtube Crack Down on Crypto Channels? Lawyer Weighs In appeared first on NewsBTC.
“Tough Times” Lie Ahead As Bitcoin Price Failed to Crack $10,000
Bitcoin (BTC) has seen a remarkable past week in terms of price action. Within this short time period, the cryptocurrency has traded at both ,300 and ,500 — a massive weekly range. Right now, BTC is at ,450, consolidating as it prepares to make its next notable move.
While there are many investors expecting the crypto market to continue to mount higher, Bloomberg writes that BTC may not be as bullish as the optimists think the cryptocurrency is.
Related Reading: Chinese Interest in Bitcoin Remains High Post Crypto Rally According to Data
,000 Poses Key Resistance for Bitcoin
In a recent report, Bloomberg wrote that Bitcoin’s inability to break past ,000 — or at least close above that key price point — indicates “tougher times could lie ahead.” The outlet added that “For many investors, it will need to meaningfully breach that level for confirmation that the rally could continue, historical pricing patterns suggest.”
Shawn Cruz, manager of trader strategy at TD Ameritrade, echoed this line in an interview with Bloomberg. He stated that the fact that ,000 poses a key psychological barrier for Bitcoin, and will thus need to be broken past to confirm more uptrend.
Cruz isn’t the only claiming that Bitcoin isn’t in the clear just yet.
Credible Crypto recently took to Twitter to argue that “bulls [are] jumping the game here a bit.” He remarked that unless BTC clears the ,300 region, which is an important historical level, there is no need to get too excited. In fact, he went as far as to say that the recent move is “just a bearish retest,” and that “new local lows” are still on the table.
And an analyst going by “888Velvet” noted that Bitcoin may be trading in a textbook bearish pattern defined by prominent historical technician Richard Wyckoff. As Velvet pointed out, the recent rally, according to Wyckoff’s studies, might just be a “throwback” to a bull trend before an eventual breakdown, defined as a “markdown” by the analyst.
Related Reading: Indicator Prints Massive Bitcoin Buying Signal, Price May Resume Uptrend
Not So Fast
While Bloomberg is writing that Bitcoin investors may have “tougher times” ahead, some have asserted that BTC remains bullish.
According to the Independent U.K., CEO of financial advisory deVere Group, Nigel Green, says that he thinks Bitcoin will hit ,000 by the end of the year, as long as the cryptocurrency remains above ,500 this week. This would represent a move of 28% if it plays out. Speaking to the outlet, he said, “The ,500 support has previously acted as a crucial support for bitcoin. I believe that if bitcoin traders can keep the price above this over the next week, the world’s dominant cryptocurrency will experience a breakout.”
Green’s analysis is similar to that of Alex Krüger. The popular macro and crypto analyst recently remarked that Bitcoin’s chart remains bullish as long as the cryptocurrency remains above the ,000 to ,200 region — some 15% lower than the current price point of ,300.
$BTC. Chart. Bullish. Invalidation: 8200-8000. pic.twitter.com/jJWoGGUZqj
— Alex Krüger (@krugermacro) October 28, 2019
He remarked in an earlier tweet that a loss of the abovementioned region will render the recent Bitcoin bull move “dead,” and thus lead to a continuation “lower,” presumably below the multi-month low of ,300 established late last week.
Related Reading: Crypto Trader: Bitcoin Price May Not Break All-Time High Until 2024
Featured Image from Shutterstock
The post “Tough Times” Lie Ahead As Bitcoin Price Failed to Crack ,000 appeared first on NewsBTC.