The chart shows the price development of Chainlink (LINK) against Tether (USDT) on the 1-day timeframe (1T) on Binance.
Technical Analysis: 1. Fibonacci Retracement Levels: • Key Fibonacci levels are marked, with 0.618 at around $24.07 and 0.5 at around $22.44 acting as major resistance levels. • The current price is below the 0.236 level ($18.13), indicating ongoing weakness. 2. Downtrend: • The price is in a clear downtrend, as seen by the lower highs and lower lows. • The dashed line suggests a possible continuation of the downward movement. 3. Support Levels: • The $15.46 area (previous local low) could act as strong support. • If this level breaks, further selling pressure could emerge. 4. Volume Analysis: • Trading volume is relatively high, especially during strong price moves, indicating active market participants. • The recent price drop is accompanied by increased volume, suggesting strong selling pressure.
Conclusion:
The chart exhibits a bearish tendency, as the price remains below key Fibonacci levels and follows a downtrend. If the $15.46 support zone holds, a potential rebound could occur. A breakout above $18–$19 would be an initial bullish signal.
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In recent weeks, Litecoin (LTC) has experienced an impressive price increase, while other cryptocurrencies are under downward pressure. This positive development could be a turning point for the entire crypto market, as LTC retests the recently reached resistance levels. Technical indicators such as the MACD (Moving Average Convergence Divergence) and the RSI (Relative Strength Index) indicate an improvement in market conditions. The RSI shows a positive trend and is above the signal line, which suggests a promising basis for further price increases. Current forecasts see a short- to mid-term target of around $128 for LTC, which would represent a 6.8% increase.$LTC #LitecoinUpdate
What do you think about the future development of Litecoin?
Hackers took over the X account of former Malaysian Prime Minister Mahathir Mohamad to promote a fraudulent meme coin called MALAYSIA, stealing $1.7 million. The fake coin was presented as Malaysia's official cryptocurrency, attracting many investors. Within minutes of the post being published, which was later deleted, the hackers managed to withdraw the funds. This type of fraud is part of a growing trend of political crypto scams. Previously, the account of the former Brazilian President was hacked for a similar scam. This hacker group could be linked to the Russian group Evil Corp. In addition to political scams, the crypto world has seen an increase in phishing attacks on Telegram and reports of Coinbase users losing $150 million to scams. Attention has shifted from traditional altcoins to speculative, unregulated projects, which has facilitated such scams.
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BlackRock and Strategy continue to bet big on Bitcoin 🧐
Despite the recent drop in Bitcoin value below $100,000, both BlackRock and Strategy are still investing heavily in Bitcoin. Strategy plans to invest $42 billion over the next three years, despite a net loss of $670 million in the fourth quarter of 2024. So far, Strategy has raised $20 billion, mainly through senior convertible bonds and loans. BlackRock's Bitcoin ETF became the world's 31st largest ETF on January 31, 2024. BlackRock's largest Bitcoin ETF is valued at over $55.5 billion and controls 48.7% of the holdings of all US spot Bitcoin ETFs. ETF investments were a significant driver of the Bitcoin rally in 2024.
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Sam Bankman-Fried's Parents Reportedly Eye Trump Pardon for Jailed Son🤔#FTX $FTT #Bankman-Fried
Sam Bankman-Fried's (SBF) parents are reportedly seeking a presidential pardon from President Donald Trump. Joseph Bankman and Barbara Fried, Stanford Law School professors, have reportedly held discussions with lawyers and individuals within Trump's circle to secure clemency for their 32-year-old son, who was sentenced to 25 years in prison for fraud. SBF has appealed his conviction, arguing that his sentence is excessively harsh, especially since many FTX customers have recovered most of their lost funds. Another former FTX executive, Ryan Salame, who received a seven-year sentence, has also expressed interest in a pardon. Trump's numerous pardons, including the commutation of Silk Road founder Ross Ulbricht's life sentence, have led to an increase in pardon requests. However, cases involving sex crimes, true crimes of violence, and illegal immigration are reportedly not being considered.
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The Threat Posed by the Lazarus Group: A Danger to the Crypto World
Background on the Lazarus Group: A cybercriminal group linked to North Korea. Notorious for breaking into financial institutions and the 2014 Sony hack. Suspected of targeting crypto exchanges for years to steal billions. The New Cross-Platform JavaScript Thief: A JavaScript-based trojan targeting crypto wallets. Operates on both Windows and macOS systems. Spread through phishing campaigns, installing malicious code via malicious links. Why This Attack is Relevant: Cryptocurrencies are prime targets for cybercriminals due to their growing adoption. Lazarus Group's development of flexible attack tools focuses on trading platform vulnerabilities. Traditional security measures by wallet operators need reevaluation. Impact on the Crypto Community: Emphasizes the necessity for evolving security strategies. Wallet providers need to enhance infrastructure for cross-platform threats. Users should be cautious with suspicious emails and links, use hardware wallets, and implement secure two-factor authentication. Conclusion: Vigilance is Key: Cyber security skills are essential in the crypto sector. Users must regularly update security measures. The crypto community should work together to raise awareness and promote innovative security solutions.
Ripple recently announced new partnerships for its own stablecoin RLUSD. In the future, cooperation with Revolut and Zero Hash will be established. This means that trading RLUSD will be possible through these payment service providers. Recently, this stablecoin has also been listed on crypto exchanges like Bitstamp. Ripple has classified its stablecoin RLUSD as a trustworthy, transparent, and regulated stablecoin. This likely justifies why it will now be made accessible to an even larger global customer base through Revolut. Revolut alone already has over 50 million customers worldwide and is therefore a significant player in the financial sector. Zero Hash, on the other hand, is a leading crypto infrastructure platform that provides stablecoin services for businesses. RLUSD is offered both on the Ethereum blockchain and on the XRP ledger. Integration with such important payment service providers and platforms shows that Ripple's stablecoin meets the highest standards that can be set for stablecoins, and also indicates that stablecoins are becoming increasingly important and are coming into focus for many customers of companies like Revolut.
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New Regulation: SEC's Crypto Task Force for Clarity and Innovation
The U.S. Securities and Exchange Commission (SEC) has launched the 'Crypto Task Force' to eliminate uncertainties in the cryptocurrency industry and foster an innovation-friendly environment. This task force, led by Commissioner Hester Peirce, aims to balance investor protection with the promotion of innovation. Peirce advocates for more clarity for crypto projects and promotes an open environment where entrepreneurs can innovate without fear of legal consequences. A central aspect of the initiative is community involvement. Interested parties can submit proposals and provide feedback through the official website. This open line of communication has the potential to integrate valuable input from the crypto community and develop practical regulations. The planned measures could make the USA the first nation to establish a comprehensive legal framework for the crypto industry. Regulatory sandboxes are intended to allow crypto projects to test their business models in a protected environment, fostering sustainable growth. The establishment of the Crypto Task Force shows that the SEC is ready to rethink the regulatory framework for the cryptocurrency industry. This development could lead to a turning point in the industry and help balance innovation and compliance.
On February 6, 2010, when Bitcoin was worth only $0.01, Satoshi Nakamoto emphasized that the total supply of Bitcoin would never exceed 21 million coins. Over the years, this statement has gained significance as Bitcoin is now considered a valuable asset. The current value of Bitcoin is $98,664 with a market capitalization of $1.95 trillion. New findings by Coinbase Director Conor Grogan suggest that Satoshi Nakamoto was last active in 2014 and may have used the Canadian Bitcoin exchange Cavirtex. It is estimated that Satoshi owns about 1.096 million BTC worth $108 billion.
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The price of ADA fell to a low of $0.72 in January 2025, but slightly recovered to $0.75. The next resistance is at $0.787, and the Fibonacci analysis indicates support at $0.725.
Ethereum fell to around 2,636 USD in early February and recovered to 2,763 USD. The Fibonacci analysis shows resistances at 2,869 USD and 3,200 USD, with support at 2,636 USD.
Sideways Phase in Bitcoin: Blessing and Curse Alike
Since mid-November last year, Bitcoin (BTC/USD) has experienced a sideways phase between 90,000 and 109,000 US dollars. This can present both opportunities for approximately 30% gains as well as the risk of a topping pattern. Despite the recent price drop, bargain hunters are using the situation to build positions. An increase above 104,620 US dollars could trigger a short-term test of the record level at 109,356 US dollars, while medium-term signals targeting around 129,628 US dollars can only be derived after a sustainable resolution of the consolidation. On the downside, losses below 90,000 US dollars could lead to a test of the EMA 200 at 83,195 US dollars, with potential discounts to previous highs around 73,794 US dollars.
The Trump administration is planning to establish a Bitcoin reserve. David Sacks, the newly appointed "Crypto Czar," has announced that assessing the feasibility of a Bitcoin reserve is a high priority. The plans include purchasing one million Bitcoins over the next five years and holding them for at least 20 years. Utah as the First State: Utah could become the first US state to introduce a Bitcoin reserve. The state has a swift legislative process and an active digital assets task force, giving it an advantage over other states. Market Reactions: Analysts expect that the introduction of a Bitcoin reserve could fundamentally change the crypto market. Some experts are even predicting price targets in the millions. #USBitcoinreverses If you enjoyed this post, leave a like and follow for more!
Ripple (XRP) has experienced a strong price increase:
The price rose from $1.77 in the morning to $2.77 at night, representing a gain of over 50%. Current price: Ripple is currently trading at around $2.56. Importance of buyback zones: The recent sell-off shows the importance of buyback zones, as no altcoin is protected from strong corrections. Possible future corrections: There is a possibility of further setbacks, as a strong resistance has not yet been broken.
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