Day: January 9, 2025

Bitcoin Price Faces Mounting Pressure: Bears Take the Lead

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Este artículo también está disponible en español. Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level. Bitcoin started a fresh decline from the $97,500 resistance zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support…

DOJ authorized to sell $6.5B in seized Silk Road Bitcoin

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Key Takeaways The US Department of Justice was approved to sell 69,370 Bitcoin seized from Silk Road. Battle Born Investments opposed the sale but failed to block it. Share this article The US Department of Justice (DOJ) has received court approval to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace, a haul currently valued at around $6.5 billion, DB News reported Wednesday. The decision is set to end a years-long legal dispute over the BTC stash’s ownership. The US Govt has been given the greenlight…

XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board

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Este artículo también está disponible en español. Despite recent declines and volatility, a crypto analyst has declared that the XRP price is on the cusp of breaking out of a bullish flag pattern. According to the analyst, a successful breakout of this bullish flag could result in a massive 50% price gain for XRP, bringing the cryptocurrency closer to its previous all-time high of $3.84, recorded during the 2021 bull run.    XRP Price Targets $3.6 After Bullish Flag Breakout Over the past few weeks, the XRP price has formed a…