Fear of serious regulatory enforcement against the crypto sector and concerns over the strength of the most recent rally in Bitcoin and Ethereum prompted traders to take a little bit off the table as BTC, ETH and altcoin prices softened.
U.S.regulators’ announcement of enforcement action against Bitzlato, a softening stock market and a fresh wave of layoffs in big tech companies resulted in an abrupt correction in the crypto market.
international cryptocurrency enforcement action ” stirred up uncertainty among traders.) rose above a key resistance level at $21,400 in today’s session, hitting a fresh multi-month high in the process.for our latest deep dive newsletters, Pro Crypto Ecosystems and Pro Deals.accusations of money laundering and arrested its founder in Miami, officials said in a Wednesday press conference.
Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect United States and global regulators to eventually lay down a strong hammer on centalized exchanges and other businesses connected with the crypto sector.Crypto market daily price action.16, BTC /USD raced to a peak of $21,438.Source: Coin360 At the time of writing, BTC price had dipped to an intraday low at $20,400, and Ether ( ETH ) gave back its daily gains to trade as low as $1,500.As shown by the charts below, the revelation that Bitzlato had been shuttered and its founder arrested was a lighter blow than expected by the market and the daily candles reflect a bit of indecision as traders decide whether to re-enter the market.This surge in price saw the world’s largest cryptocurrency climb to its strongest point since September 13.BTC/USDT and ETH/USDT 4-hour chart.S.
Source: TradingView Additional pressure on crypto assets could also be coming from a dim outlook of the U.S.S.and global economy in 2023 being issued by banks attending Davos and the escalating trend of big tech companies laying off staff.8%, from -0.Recent headlines from Cointelegraph and CNBC detail Microsoft, Amazon, and financial technology companies laying off more than 60,000 employees in the last year, and on Jan.18, Microsoft announced another wave of layoffs to the tune of 10,000 employees.From the chart, price strength continues to hover in overbought territory, with the 14-day relative strength index (RSI) tracking at 87.S.
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Read more: Cointelegraph » Bitcoin, Ethereum Technical Analysis: BTC Hits Highest Point Since September – Market Updates Bitcoin News Bitzlato founder arrested for allegedly processing $700 million in illicit funds US Takes Action Against Bitzlato Crypto Exchange, Arrests Founder Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
The banks and elites want it because it give ms us mere serfs financial freedom We big chillin Crypto’s ‘Excuse Of The Day’ is brought to you by The People Who Just Took Your Money.
Bitcoin, Ethereum Technical Analysis: BTC Hits Highest Point Since September – Market Updates Bitcoin NewsBitcoin rose to its highest level since September, as markets prepared for the release of U.S.retail sales data.Bitcoin remains firmly under 21K, looking determined to reach a new bottom of 21.5K.Low supply + low mcap + Quality partners + Big launches + New website + MARKETING and at the end of them NEW ATH 2023forMBP MBP $MBP PadMobi enjin bloktopia sirlibz12 100x 2023forMBP MBP $MBP PadMobi enjin bloktopia sirlibz12 1337H4x0rerc 1337 h4x0r eth
Bitzlato founder arrested for allegedly processing $700 million in illicit fundsThe Justice Department arrested the founder of crypto exchange Bitzlato, calling the China-based exchange a ‘high-tech axis of cryptocrime.’ We were scared for a moment😅😅lol DOJ-1: ‘Guys, they are making fun of us on the internet for Bitzal..which only had like 18 users and $6M at ATH’ DOJ-2: ‘We’ll just accuse the guy of $700M money laundering.That will show them!’ “Bitzlato, the China-based money laundering engine that fueled a high-tech axis of cryptocrime”
US Takes Action Against Bitzlato Crypto Exchange, Arrests FounderThe U.S.Treasury Department and Department of Justice have accused the little-known crypto platform of laundering funds tied to illicit Russian finance and its founder has been arrested.jesseahamilton Next must to be Nexo ! jesseahamilton jesseahamilton always late.
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Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit MoneyU.S.authorities have designated cryptocurrency exchange Bitzlato as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals and for operating illegally in the U.S.
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Ethereum Validator Count Surpasses 500,000 Ahead of Upcoming Shanghai Hard Fork – Bitcoin NewsAccording to statistics, the number of Ethereum network validators on the Beacon chain exceeded 500,000 as of Jan.
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Wrapped Bitcoin (WBTC) Is Melting on Ethereum Chain, What’s Happening?Tokenized version of Bitcoin on Ethereum has been slowly melting for last few months, which brings us to unpleasant conclusion.